Volatile equities markets end in the red (Roundup)May 5th, 2008 - 6:38 pm ICT by admin
Mumbai, May 5 (IANS) The Indian equities market closed in the red Monday after a volatile day of trading that finally saw sustained selling pressure on key sectoral indices. Barring realty, metal and public sector undertakings, all the sectoral indices ended the day at a loss. The market started the day in positive zone but soon slipped into the red in early trade. It bounced back early in the afternoon, only to slip back into the red by closing time.
The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened at 17,687.00 points and touched a high of 17,735.70 before closing at 17,490.90. It closed 109.22 points or 0.62 percent lower than its close Friday.
The National Stock Exchange (NSE) S&P Nifty, which opened at 5,227.25 points, closed at 5,193.20. It went down by 35 points or 0.67 percent compared to its previous close.
The BSE Midcap index, which closed at 7,299.26 points, went up by 61.79 points or 0.85 percent.
The BSE Smallcap index, which closed at 8,821.71 points, went up by 23.64 points or 0.27 percent.
On BSE, 1,614 shares advanced, 1,118 declined and 44 maintained status quo.
The top gainers of the day included Cipla at Rs.216 up 1.43 percent, Tata Steel at Rs.802.550 up 0.70 percent and Grasim at Rs.2384.10 up 0.65 percent.
The top losers of the day included Wipro at Rs.490.10 down 2.41 percent, HDFC at Rs.2710.05 down 2.30 percentand DLF at Rs.705.05 down 2.10 percent.