Markets end in the red after 2 days of gains (Roundup)

August 27th, 2008 - 8:16 pm ICT by IANS  

Mumbai, Aug 27 (IANS) After two days of marginal gains, Indian equity markets again ended in the red Wednesday on the back of rising crude oil prices and weak global cues. Realty, banking, energy and capital goods stocks led the decline.

The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened firm at 14,563.10 up from the previous close of 14,482.22, touched a low of 14,261.69 points before closing at 14,296.79 points.

It fell by 185.43 points or 1.28 percent by the day’s close.

The National Stock Exchange (NSE) S&P Nifty, which opened at 4,336.85 points, closed at 4,292.10 points. It fell 45.40 points or 1.05 percent.

The BSE Midcap index, which closed at 5,686.43 points, fell 58.34 points or 1.02 percent.

BSE Smallcap index, which closed at 6859.91 points, fell 52.71 points or 0.76 percent.

The market breadth was negative. On the BSE, 1,239 shares declined, 877 advanced and 92 remained unchanged.

The top gainers of the day included Hindalco, Tata Steel, Infosys Tech and Mahindra and Mahindra, while DLF, Reliance Infrastructure, State Bank of India and ICICI Bank were the top losers.

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