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Nifty closes below 2800; auto, IT decline

This article was posted on Feb 5, 2009 and is filed under Market News

MUMBAI: Equities ended the lacklustre session in the red. Weak global markets also weighed sentiments. Auto and IT stocks were worst hit while metals and pharmaceutical stocks bucked the trend. National Stock Exchange’s Nifty shut shop at 2785.70, down 17.35 points or 0.62 per cent. The index hit an intra-day low of 2754.85 and high of 2816.80.

Bombay Stock Exchange’s Sensex ended at 9106.10, down 95.75 points or 1.04 per cent. The index touched a high of 9247.09 and low of 9017.08.

BSE Midcap Index slipped 0.66 per cent and BSE Smallcap Index was down 0.93 per cent.

Biggest Nifty gainers were SAIL (4.67%), Grasim Industries (3.26%), Suzlon Energy (2.62%), Siemens (2.62%) and Reliance Petroleum (2.24%).

ABB (-6.21%), Mahindra & Mahindra (-5.23%), Sterlite Industries (-5.12%), Maruti Suzuki (-4.49%) and Tata Consultancy Services (-3.42%) were the losers.

Market breadth was negative on the BSE with 1440 declines and 1019 advances.

(All figures are provisional)

source: Economictimes

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