Equity market end in the red after choppy trade (Roundup)

August 4th, 2008 - 6:20 pm ICT by IANS  

A file-photo of Sensex

Mumbai, Aug 4 (IANS) Indian equity markets ended the day with marginal losses Monday after extreme volatility. There was selling pressure on oil and gas, banking and select power stocks. The markets started in the negative zone and stayed there.

The 30-share benchmark index of the Bombay Stock Exchange, (BSE) the Sensex, which opened at 14,594.64 points, touched a low of 14,503.51 before closing at 14,577.87. It went down by 78.82 points or 0.54 percent from its closing figure Friday.

The S&P CNX Nifty index of the National Stock Exchange, which opened at 4,426.10 points, closed at 4,395.35. It went down by 18.20 points or 0.41 percent from its previous close.

The BSE Midcap index, which closed at 5,742.72 points, went up by 99.98 points or 1.77 percent.

The BSE Smallcap index, which closed at 7,103.34 points, went up by 123.24 points or 1.77 percent.

The market breadth was positive. On BSE, 1,845 shares advanced, 805 declined and 69 maintained status quo.

The top gainers of the day included Grasim Industries Ltd at Rs.1836.10 up 3.18 percent, Ranbaxy Lab at Rs.509.75 up 2.80 percent and Jaiprakash Associate at Rs.170.45 up 2.38 percent.

The top losers of the day included TCS Ltd at Rs.839.25 down 2.73 percent, Reliance Industries at Rs.2,229.75 down 2.49 percent and BHEL at Rs.1,756.50 down 2.41 percent.

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