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Sensex closes below 9100; JP Asso, DLF plunge

This article was posted on Feb 2, 2009 and is filed under Press Releases

MUMBAI: Indian equities ended with huge losses on Monday in line with its peers after concerns of deteriorating global economy took centrestage. Fall in shares of rate sensitive sectors coupled with profit booking after previous week’s gains pulled down indices further. Bombay Stock Exchange’s Sensex closed at 9077.70, down 346.54 points or 3.68 per cent. The index touched an intra-day low of 9057.58 and high of 9363.58.

National Stock Exchange’s Nifty ended at 2767.80, down 107 points or 3.72 per cent. The broader index touched a low of 2761.50 and high of 2873.45

BSE Midcap Index was down 1.47 per cent and BSE Smallcap Index declined 1.54 per cent.

DLF (-13.77%), Jaiprakash Associates (-13.57%), Reliance Infrastructure (-10.51%), HDFC (-7.33%) and ICICI Bank (-7.27%) were the biggest losers in the Sensex pack.

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

Market breadth remained weak through the day. On BSE, 1571 declining shares outnumbered 864 advancing ones.

source: economictimes

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