Markets end in red for the third straight day (Roundup)September 11th, 2008 - 6:47 pm ICT by IANS
Mumbai, Sep 11 (IANS) For the third consecutive day, Indian equity markets closed with loss on the back of weak global cues. Oil and Gas, power, realty, capital goods, telecom and banking stocks dragged the markets down. The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 14,557.33 points, touched a low of 14,265.38 points before closing at 14,324.29 points. It went up by 338.32 points or 2.31 percent at the day’s close.
The National Stock Exchange (NSE) S & P Nifty, which opened at 4,397.25 points, closed at 4,290.30 points. It went down by 109.95 points or 2.50 percent.
The BSE Midcap index, which closed at 5,647.20 points, went down by 61.73 points or 1.08 percent.
The BSE Smallcap index, which closed at 6,818.93 points, went down by 84.49 points or 1.22 percent.
The market breadth was negative. On the BSE, 853 shares advanced, 1,786 declined and 75 maintained status quo.
Top losers of the day included Bharti Airtel at Rs.811.95 up by 4.40 percent, Reliance Infrastructure at Rs.1,034.95 up by 4.15 percent, and Reliance Industries at Rs.2,083.55 down 4.31 percent.