Market ends the week with loss (Round up)June 13th, 2008 - 6:24 pm ICT by IANS
Mumbai, June 13 (IANS) The Indian equities market closed the last day of the trading session of the week with a loss amidst volatility and higher inflation data, which pulled the market down in the late trade. Inflation has touched a new high of 8.75 percent in the week ended May 31 as against 8.24 percent a week earlier.
The market started with a positive gap amidst volatility and tried to hold on the early gains but slipped into the red by early afternoon trade after the inflation data was released.
The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 15,327.10 points, touched a low of 15,135.81 before closing at 15,189.62 points. It went down by 60.58 points or 0.40 percent at the day’s close.
The National Stock Exchange (NSE) S & P Nifty, which opened at 4539.50 points, closed at 4517.10 points. It went down by 22.25 points or 0.49 percent.
The BSE Midcap index, which closed at 6,228.17 points, went up by 4.67 points or 0.08 percent.
BSE Smallcap index which closed at 7,581.72 points went up by 55.82 points or 0.74 percent.
The market breadth was positive. On BSE, 1445 shares advanced, 1156 declined and 77 maintained status quo.
The top gainers of the day were Ranbaxy Labs at Rs.566.90 which went up by 4.31 percent, ICICI bank at Rs.746.80 which gained 3.03 percent, BHEL at Rs.1561.10 that surged 2.79 percent.
The top losers of the day included Jaipraksh Associate at Rs.178.70 down by 4.03 percent, DLF at Rs.479.75 lost 3.61 percent, and HDFC bank at Rs.1123.35 went down by 3.45 percent.