Gaining streak in equities market endsJuly 24th, 2008 - 7:30 pm ICT by IANS
Mumbai, July 24 (IANS) The Indian equities market saw the five-day gaining rally ending Thursday, and closed in the red. Metal, FMCG, technology stocks were under selling pressure while oil and gas and realty stocks were in demand. The market started on a positive note but slipped into the red by afternoon and ended the day in the negative.
The 30-share Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 15,082.37 points, touched a low of 14,608.05 before closing at 14,777.01. It went down 165.21 points or 1.11 percent at the day’s close.
The National Stock Exchange (NSE) S&P Nifty, which opened at 4,476.20 points, closed at 4,433.55 points. It went down 43.25 points or 0.97 percent.
The BSE Midcap index, which closed at 5,580.9 points,,went down 35.04 points or 0.62 percent.
The BSE Smallcap index, which closed at 6,796.11 points, went down 16.53 points or 0.24 percent.
The market breadth was negative. On the BSE, 1,258 shares advanced, 1,458 declined and 67 maintained the status quo.
Top gainers of the day included ONGC at Rs.1027.25, surged 3.25 percent, DLF at Rs.507.20 gained 2.35 percent, and Reliance Industries at Rs.2306.55, up 1.81 percent.
The top losers of the day included TCS at Rs.802.75 lost 6.49 percent, Tata Steel at Rs.631 lost 5.4 percent and ACC at Rs.560.75 lost 5.13 percent.