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Nifty trips to 4300; Suzlon, Idea, DLF fall

This article was posted on Jun 30, 2009 and is filed under Market News

MUMBAI: Indian markets ignored the global markets and ended sharply lower on Tuesday as investors booked profits ahead of Union budget next week. All the sectoral indices were down led by losses in realty, metals and capital goods.

National Stock Exchange’s Nifty ended at 4300.85, down 90.10 points or 2.05 per cent. The index touched an intra-day low of 4267.35 and high of 4426.75.

Bombay Stock Exchange’s Sensex closed at 14524.22, down 261.52 points or 1.77 per cent. The 30-share index hit a low of 14420.41 and high of 14907.48 in today’s trade.

BSE Midcap Index was down 2.78 per cent and BSE Smallcap Index fell 2.41 per cent.

Amongst the sectoral indices, BSE Realty Index fell 7.08 per cent, BSE Metal Index declined 3.05 per cent and BSE Capital Goods Index was down 2.90 per cent.

Suzlon Energy (-11.23%), Idea Cellular (-8%), DLF (-7.55%), Tata Motors (-7.3%) and Unitech (-6.39%) were the losers.

Biggest Nifty gainers were Tata Consultancy Services (1.11%), Hindustan Unilever (0.9%), Hero Honda (0.81%), BPCL (0.75%) and Tata Power (0.7%).

Market breadth on BSE remained negative with 1829 declines against 769 advances.

(All figures are provisional)
source: Economictimes

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