Thursday 18 June 2009

Nifty sheds 7.2% in four days

Indian markets extended losses on Thursday with the NSE Nifty index losing over 5% or 318 points and the BSE Sensex shedding 6.2% or 947 points in last four trading sessions.

The Sensex dropped 257 points or 1.7% to end at 14,265 after touching a high of 14,630 and a low of 14,188. The index had opened at 14,503 against the previous close of 14,523.

The NSE Nifty declined 104 points or 2% to shut shop at 4,251.

Among the BSE Sectoral indices BSE Realty index was the top loser declining 5.2%, followed by the BSE Metal index down 4.4%, BSE Power index down 3.6%, BSE Capital Goods index down 3.6% and BSE PSU index down 3.2%.

In the Sensex, the major losers were, ACC, JP Associates, Tata Steel, Grasim, NTPC, Hindalco, ONGC, Reliance Infra, L&T and BHEL. SBI, Sun Pharma, Tata Motors, Infosys, Bharti and TCS were the gainers among the 30-components of Sensex.

Outside the frontline indices, the top loser included Aban Offshore, Max India, GMDC, Moser Baer, Bhushan Steel and Ispat Industries. Among the big gainers in the broader market were Mphasis, Marico, TTML, IDBI Bank, Biocon, GVK Power, Andhra Bank and OBC.

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