Indian markets put up lacklustre show

February 19th, 2008 - 7:40 pm ICT by admin  

A file-photo of Sensex

Mumbai, Feb 19 (IANS) The Indian stock market was unable to maintain initial lead and closed flat in volatile trades Tuesday. With mixed cues from global peers, markets started on a high and maintained the momentum till noon before sliding at close. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 18,215.26 points and notched a high of 18,314.10 before closing at 18,075.66. It gained by 27.61 points at the day’s close, up 0.15 percent.

The broader 50-share S&P CNX Nifty of the National Stock Exchange (NSE), which opened at 5,278.40 points, closed at 5,280.80, after touching the day’s high of 5.368.45 points.

At the day’s close it notched a rise of 3.90 points or 0.07 percent.

The BSE Midcap index, which closed at 7,685.33 points, went up by 43.85 points or 0.57 percent.

Similarly, the BSE Smallcap index, which closed at 9,795.54 points, went up 40.19 or 0.41 percent.

On BSE, the market breadth was positive with modest trading volumes. A total of 1,513 shares advanced, 1,238 declined and 57 remained unchanged.

The top gainers of the day included Bajaj Autos at Rs.2,322.60, up 5.58 percent, Ranbaxy Labs at Rs.415.40, up 4.81 percent, Associated Cement Companies at Rs.789.45, up 4.42 percent and Tata Consultancy Services at Rs.874.85, up 2.69 percent.

The top loser was Reliance Energy at Rs.1,622.15, down 4.41 percent, Hindalco at Rs.179.60, down 2.44 percent, DLF at Rs.842.45, down 2.02 percent and ITC at Rs.205.40, down 2 percent.

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