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Equities end at day’s low; Nifty down 7%

This article was posted on Nov 11, 2008 and is filed under Market News

MUMBAI: Markets ended sharply lower following Tuesday due to lack of fresh buying BSE and profit booking by traders at higher levels. Bombay Stock Exchange’s Sensex closed at 9,839.69, down 696.47 points or 6.61 per cent. The index touched an intra-day low of 9,799.45 and a high of 10,405.39.

National Stock Exchange’s Nifty ended at 2,923.95, down 7.12 per cent or 224.30 points. The 50-share index hit a low of 2,919.45 and a high of 3,147.20 in the day.

Among frontline stocks, Jaiprakash Associates (-12.21%), Sterlite Industries (-11.03%), Tata Steel (-10.98%), Hindalco Industries (-10.18%), DLF (-10.15%) and BHEL (-9.65%) were the worst hit.

ITC, up 0.06 per cent, was the lone gainer in the 30-share index.

Market breadth on BSE showed 1763 declines against 765 advances.

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