Equity markets end in red for second straight day (Roundup)

August 13th, 2008 - 6:33 pm ICT by IANS  

A file-photo of Sensex

Mumbai, Aug 13 (IANS) Indian equity markets closed in the red Wednesday for the second day running, mirroring weak global cues. The trading session was highly volatile ahead of market regulator Securities Exchange Board of India’s meet to review the rules on issuance of participatory notes in the capital market.

Banking, realty and IT shares dragged the market down.

The markets started on a weak note and continued to trade in negative zone in choppy trade before ending the day in red.

The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 15,030.21 points, touched a low of 15,013.06 before closing at 15,093.12. It went down by 119.01 points or 0.78 percent compared to its closing figure Tuesday.

The S&P CNX Nifty index of the National Stock Exchange, which opened at 4,548.05 points, closed at 4,529.05. It went down by 23.20 points or 0.51 percent from its previous close.

The BSE Midcap index, which closed at 5,929.37 points, went down by 6.16 points or 0.10 percent.

The BSE Smallcap index, which closed at 7,229.77 points, went up by 9.35 points or 0.13 percent.

The market breadth was negative. On the BSE, 1,238 shares advanced, 1,420 declined and 91 maintained status quo.

Top gainers of the day included Sterlite Industries at Rs.597.05 up 2.67 percent, Infosys at Rs.1,603.70 up 1.34 percent and TCS at Rs.818.20 up 1.20 percent.

Top losers of the day included ICICI Bank at Rs.738.40 down 3.77 percent, HDFC Bank at Rs.1,263.90 down 3.69 percent and DLF Ltd at Rs.567.25 down 3.29 percent.

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