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Nifty closes below 4250; Tata Power, RIL fall

This article was posted on Jun 22, 2009 and is filed under Market News

MUMBAI: Indian indices ended near day’s lows on Monday as traders booked profits across the board ahead of June series F&O expiry. Correction
in shares of Reliance Industries pulled down the indices sharply. Negative European markets also kept the markets under pressure.

National Stock Exchange’s Nifty closed below crucial support of 4250. The index ended at 4222.70, down 91.70 points or 2.11 per cent. The index touched an intra-day low of 4221.90 and high of 4352.25.

Bombay Stock Exchange’s Sensex ended at 14,269.77, down 252.12 points or 1.74 per cent. The index touched an intra-day low of 14269.77 and high of 14668.40.

BSE Midcap Index was down 0.80 per cent and BSE Smallcap Index slipped 0.49 per cent.

BSE Oil&gas Index fell 4 per cent, BSE Metal Index was down 2.92 per cent and BSE Power Index declined 2.81 per cent. BSE FMCG Index moved 0.47 per cent higher.

Biggest losers in the 50-share index comprised Tata Power (-5.51%), Reliance Industries (-5.22%), Hindalco Industries (-5.16%), Ambuja Cements (-4.64%) and Grasim Industries (-4.54%).

Nifty gainers were ICICI Bank (2.09%), Maruti Suzuki (1.53%), ITC (1.17%), Axis Bank (1.04%) and Larsen & Toubro (1%).

Market breadth on BSE showed 1487 declines against 1113 advances.

source: Economictimes

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