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Indo-Pak tension hits D-Street

This article was posted on Dec 26, 2008 and is filed under Market News

The BSE Sensex ended at 9,328 losing 239 points and the NSE Nifty ended at 2,857 losing 59 points.

Indian stock market ended the Christmas week with losses on account of the growing tension between India and Pakistan. Markets also witnessed Trading volumes were low not only in India but also across the globe, with many participants choosing to extend the Christmas vacation.

The BSE benchmark Sensex ended at 9,328 losing 239 points and the NSE Nifty index ended at 2,857 losing 59 points.

All the BSE Sectoral indices ended in the red with BSE Consumer Durable index (down 6%), BSE Realty index (down 5%), BSE Bankex index (down 4%) and BSE Capital Goods index (down 3.6%). Market breath was weak, 1,567 stocks declined against 893 advances, while, 70 stocks remained unchanged. Among the 30-components of Sensex, big losers were Reliance Infra, DLF, ICICI Bank, Infosys and M&M ended with gains. The big gainers were Grasim (1%), Maruti (1.6%), Ranbaxy (1.2%) and Tata Power (0.5%).

Rolta (down 11%), IFCI (down 9%), and Reliance Infra ended on the losing side.

RPL, Bajaj Fin, Jet Airways, Zee Ent, Dabur India, Sun Pharma, Piramal Health, RNRL, Essar Ship and Jain Irrigation were the other top gainers, rising by 2-7%.

Barring the BSE Pharma index all the other major Sectoral indices ended in the red with BSE Consumer Durables index (down 4.1%), BSE IT index (down 4%), BSE Realty index (down 4%), BSE Bankex index (down 3%) and BSE Capital Goods index (down 3%).

source: Indiainfoline

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