Market ends in red after six days of gaining rally (Roundup)April 23rd, 2008 - 7:44 pm ICT by admin
Mumbai, April 23 (IANS) After six consecutive days of gaining rally, the Indian equities market Wednesday closed in red in volatile trade. With mixed cues from Asian markets, the Indian markets started the day with a marginal positive gap and slipped into red by the afternoon and were unable to recover till the close of the trading session.
The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 16,823.99 points and touched a high of 16,871.27 before closing at 16,698.04 points. It went down by 85.83 points or 0.51 percent at the day’s close.
The National Stock Exchange (NSE) S & P Nifty, which opened at 5044.35 points, closed at 5022.80 points. It went down by 26.40 points or 0.52 percent at the day’s close.
The BSE Midcap index, which closed at 7,066.41 points, went up by 28.796 points or 0.41 percent.
BSE Smallcap index, which closed at 8,799.86 points, went up by marginal 1.78 points or 0.02 percent.
However, on BSE, the market breadth was positive as 1,426 shares advanced, 1,297 declined and 57 maintained status quo.
The top gainers of the day were ACC at Rs.844.45 up by 3.05 percent, Infosys at Rs.1645.90 gained 2.94 percent, Wipro at Rs.443.10 surged 2.88 percent.
The top losers of the day included HDFC bank at Rs.1442.85 down by 3.01 percent, Hindalco at Rs.188.05 slid by 2.56 percent, BHEL at Rs.1826.90 went down by 2.10 percent.