Tuesday, April 8, 2008

Sensex ends 1% lower; L&T worst hit


Tracking overseas losses, Indian equities ended on a negative note Tuesday after a sharp run-up in the previous session. Capital goods and metals sagged the most while banking shares managed to end in the positive zone.

Bombay Stock Exchange's Sensex settled 1.23 per cent or 194 points lower at 15,563.04 from the low of 15,479.42. The high was 15,770.40.

National Stock Exchange's Nifty slipped 1.23 per cent or 59 points to 4702.45. The index touched an intra-day low of 4677.80 from a high of 4769.55.

Second rung shares outperformed benchmarks with BSE Midcap and Smallcap Index rising 0.51 per cent and 0.48 per cent respectively.

BHEL (up 4.32%), Bharti Airtel (1.66%), Ambuja Cements (0.34%), ICICI Bank (0.33%) and HDFC (0.29 %) were the only gainers on the 30-share index.

Larsen & Toubro (down 5.27%) took the sharpest knock, followed by Wipro (4.8%), Jaiprakash Associates (4.76%), Tata Steel (3.29%), Grasim Industries (2.95%) and Ranbaxy Laboratories (2.66%).

Market breadth, however, remained positive on BSE with 1,384 advances against 1,217 declines.
Source: http://economictimes.indiatimes.com/Sensex_ends_1_lower_LT_worst_hit/articleshow/2935152.cms

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