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Markets end lower: Nirmal Bang

Posted on: May 6th, 2009 and is filed under Brokerage Recommendations.

According to Nirmal Bang’s report, the markets ended down after a strong first half. The Sensex closed below the 12,000 mark while the Nifty slipped below the 3700 level.

Nirmal Bang’s report

The markets ended down after a strong first half. The Sensex closed below the 12,000 mark while the Nifty slipped below the 3700 level. The Nifty tested the 3700 mark today, for the first time since October 7, 2008.The market breadth was mixed with about 1425 shares in the advances and 1548 shares declined. The NSE Nifty closed at 3625.05, down 1.01% or 36.85 points, after loosing 92 points from day’s high of 3717.05. The BSE Sensex closed 178.33 points or 1.47% lower at 11,952.75, after losing 319.35 points from day’s high of 12,272.10. Among the Broader indices the BSE Midcap Index declined 43.03 points or 1.16%, to 3,675.84 and the Smallcap Index fell 9.57 point.

source: Moneycontrol

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