Markets close in red, foreign investors pull out $74 mn (Roundup)

February 20th, 2009 - 7:45 pm ICT by IANS  

Mumbai, Feb 20 (IANS) Indian equities markets had a rather dismal day of trading Friday, the last trading day of the week, as a key index fell 2.21 percent from its previous close, and foreign institutional investors (FIIS) turned net sellers.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange closed at 8,843.21 points below the psychologically important 9,000-mark, down 2.21 percent or 199.42 points from its previous close of 9,042.63 points.

The BSE midcap index was down 1.64 percent, while the BSE smallcap ended 1.66 percent lower.

At close, the broader-based S&P CNX Nifty of the National Stock Exchange (NSE) was at 2,736.45 points, 1.9 percent lower than its last close.

FIIs were net sellers, pulling out about $79.4 million from Indian equities markets.

All the 13 sectoral indices on the BSE were in the negative, with the index for banking stocks losing the most.

The overall market sentiment was negative with 758 stocks advancing, 1,656 scrips declining and 86 remaining unchanged.

There were only two gainers among the 30 scrips on the Sensex: ACC (up 0.83 percent at Rs.553.75) and Maruti Suzuki (up 0.24 percent at Rs.633.40).

Among losers on the Sensex were ICICI Bank (down 7.07 percent at Rs.335.95), Reliance Communications (down 4.55 percent at Rs.155.30), Reliance Infra (down 3.38 percent at Rs.491.30) and TCS (down 3.23 percent at Rs.473.95).

In other Asian markets, a key Japanese index, the Nikkei of the Tokyo Stock Exchange, closed at 7,412.5 points, 1.92 percent lower than its previous close.

The Hang Seng, a key index of the Hong Kong Stock Exchange, ended 2.47 percent below its last close.

In European markets, the FTSE index in Britain was ruling 0.29 higher than its previous close at 4,018.37 points.

Related Stories

    Posted in Uncategorized |

    Subscribe