Market records loss for fourth consecutive day (Roundup)May 27th, 2008 - 6:33 pm ICT by admin
Mumbai, May 27 (IANS) The Indian equities market ended the day on a weak note and continued its downward trend for the fourth consecutive day. Banking, consumer goods, realty and oil & gas stocks witnessed heavy selling pressure. The market started on a firm note, tracking strong Asian markets, but slipped into negative zone by afternoon trade and ended the day in the red.
The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 16,454.75 points, touched a high of 16,506.35 before closing at 16,275.59 points. It went down by 72.91 points at the day’s close or 0.45 percent.
The National Stock Exchange (NSE) S & P Nifty, which opened at 4877.15 points, closed at 4859.80 points. It went down by 15.25 points or 0.31 percent.
The BSE Midcap index, which closed at 6,678.91 points, went down by 81.86 points or 1.21 percent.
BSE Smallcap index, which closed at 8,210.08 points went down by 108.12 points or 1.30 percent.
The market breadth was negative. On BSE, 922 shares advanced, 1760 declined and 81 maintained status quo.
The top gainers of the day were Satyam at Rs.499.00, up by 3.29 percent, Cipla at Rs.205.05 gained 3.04 percent, Wipro at Rs.491.60 surged 2.71 percent.
The top losers of the day included SBI at Rs.1473.30 down by 4.19 percent, HDFC at Rs.2519.75 lost 2.08 percent, ONGC at Rs.884.35 went down by 1.34 percent.