Equity markets crash ahead of weekly inflation data (Roundup)August 21st, 2008 - 6:05 pm ICT by IANS
Mumbai, Aug 21 (IANS) Indian equity markets closed deep in the red Thursday, ahead of the weekly inflation figure. Weak global markets also dampened investor sentiments.The market started on a downslide, continued to fall and ended the day with a deep cut. All the sectoral indices ended the day in the red.
The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 14,646.98 points, touched a low of 14,201.18 before closing at 14,243.73. It went down by 434.50 points or 2.96 percent compared to its closing figure Wednesday.
The S&P CNX Nifty index of the National Stock Exchange, which opened at 4,416.20 points, closed at 4,283.85. It went down by 131.90 points or 2.99 percent from its previous close.
The BSE Midcap index, which closed at 5,707.46 points, went down by 118.92 points or 2.04 percent.
The BSE Smallcap index, which closed at 6,937.02 points, went down by 129.21 points or 1.83 percent.
The market breadth was negative. On the BSE, 933 shares advanced, 1,914 declined and 66 maintained status quo.
Top losers of the day included State Bank of India at Rs.1,444.85 down 7.10 percent, HDFC Bank Ltd at Rs.1,237.90 down 5.82 percent and NTPC Ltd at Rs.183.95 down 5.68 percent.