Late recovery fails to take Indian equities into green (Roundup)February 5th, 2009 - 6:21 pm ICT by IANS
Mumbai, Feb 5 (IANS) Indian equities markets made a late comeback Thursday afternoon but still ended the day on a depressed note, with a key index closing 1.21 percent lower than its previous close Tuesday.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 9,241.56 points, closed at 9,090.88 points, down 1.21 percent or 110.97 points.
The BSE midcap index ended 0.65 percent lower, while the BSE smallcap was down 0.85 percent.
The broader-based S&P CNX Nifty of the National Stock Exchange (NSE) was at 2,780.05 points, 0.82 percent lower than its previous close of 2,803.05.
Of the 13 sectoral indices on the BSE, metal and healthcare indices gained marginally while all other indices turned negative. However, the fall in share prices across the board was not huge, which signified less volatility in trade.
Top gainers among the scrips on the Sensex included Grasim (up 3.13 percent at Rs.1,326.20), Tata Steel (up 1.59 percent at Rs.182), Ranbaxy Laboratories (up 1.36 percent at Rs.209) and ACC (up 0.64 percent at Rs.531.50).
Among losers on the Sensex were Sterlite Industries (down 5.71 percent at Rs.263.40) Mahindra and Mahindra (down 5.69 percent at Rs.266.75), Maruti Suzuki (down 4.07 percent at Rs.577.50) and HDFC (down 3.66 percent at Rs.1,389.65).
The overall market sentiment was mixed with 1,459 stocks declining, 1,001 scrips advancing and 108 remaining unchanged.
In other Asian markets, a key Japanese index, the Nikkei of the Tokyo Stock Exchange, closed at 7,949.65 points, 1.11 percent lower lower than its previous close.
The Hang Seng, a key index of the Hong Kong Stock Exchange, ended 0.88 percent below its last close.