Indian equity market ends in red tracking weak global markets

April 8th, 2008 - 6:38 pm ICT by admin  

A file-photo of Sensex
(Roundup)

Mumbai, April 8 (IANS) The Indian equities market ended in the red Tuesday, tracking weak Asian and European markets. The market lost ground in early trade and gave up most of its gains of Monday. With weak cues from other Asian markets, Indian equities started the day with a negative gap and continued the sliding trend.

The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 15,770.16 points, touched a low of 15,479.42 before closing at 15,587.62. It went down by 169.46 points or 1.08 percent at the day’s close.

The National Stock Exchange (NSE) S&P Nifty, which opened at 4,760.65 points, closed at 4,709.65. It went down by 51.55 points or 1.08 percent.

The BSE Midcap index, which closed at 6,383.02 points, went up by 38.30 points or 0.60 percent.

BSE Smallcap index, which closed at 7,814.17 points went up by 36.32 points or 0.47 percent.

On BSE, the market breadth was positive with extremely low volumes; 1,393 shares advanced, 1,210 declined and 69 maintained status quo.

The top gainers of the day were BHEL at Rs.1,712.75 up 4.67 percent, Bharti Airtel at Rs.828.60 up 1.25 percent and ICICI Bank at Rs.813.25 up 0.49 percent.

The top losers of the day included Larsen and Toubro at Rs.2581.30 down 5.09 percent, Wipro at Rs.414.00 down 4.60 percent and Tata Steel at Rs.656.30 down 3.39 percent.

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