Markets end with losses in a choppy trade (Roundup)August 18th, 2008 - 7:14 pm ICT by IANS
Mumbai, Aug 18 (IANS) Indian equity markets closed in the red Monday for the fourth day running, in an extremely choppy trading session. Weak global markets also dampened the investors’ sentiment. The market started on a downslide and moved between positive and negative zone till afternoon, and eventually ended the day with a cut.
Except IT, all the sectoral indices ended the day in the red.
The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 14,681.14 points, touched a low of 14,600.65 points before closing at 14,645.66 points. It went down by 78.52 points or 0.53 percent at the day’s close.
The National Stock Exchange (NSE) S & P Nifty, which opened at 4,430.70 points, closed at 4,393.05 points. It went down by 37.65 points or 0.85 percent.
The BSE Midcap index, which closed at 5,781.80 points, went down by 41.62 points or 0.72 percent.
The BSE Smallcap index, which closed at 7,036.61 points, went down by 73.83 points or 1.04 percent.
The market breadth was negative. On the BSE, 930 shares advanced, 1,668 declined and 78 maintained status quo.
Top gainers of the day included HDFC at Rs.2,288.35 up 3.12 percent, HDFC bank Ltd at Rs.1,175.20 up 2.14 percent and Satyam Computer at Rs.411.90 up 1.75 percent.
Top losers of the day included Hindalco at Rs.135.80 down 4.53 percent, Grasim Industries at Rs.2,056.40 down 4.52 percent, and Reliance Communications at Rs.423.90 down 2.71 percent.