Aug 7, 2009

Market closes 350 points lower at 15,150 on 7th August 2009

Today the Indian markets closed sharply lower for a second consecutive day as investors booked profits after a sharp rise in the country's benchmarks Sensex and the Nifty. Poor monsoon and weak global markets played the role of making the things worse for the Markets on second day in a row.

Bombay Stock Exchanges Sensex closed at 15152.69, down 361.34 points or 2.33 per cent. The index touched an intra-day low of 15104 and an high of 15501.94.

National Stock Exchanges Nifty ended at 4474.35, down 111.15 points or 2.42 per cent. The broader index hit a low of 4463.95 and high of 4591.90.

BSE MidCap Index was down 2.36 per cent and BSE Smallcap Index declined 2.01 per cent.

Amongst the sectoral indices, BSE Auto Index fell 4.03 per cent, BSE Realty Index slipped 3.31 per cent and BSE Bankex declined 2.88 per cent.

Reliance Communications (-6.12%), Maruti Suzuki (-5.87%), Mahindra & Mahindra (-5.56%), Jaiprakash Associates (-5.53%) and Tata Power (-5.06%) were amongst the Sensex losers.

NTPC (0.38%) was the only Sensex gainer in the Todays Session.

Market breadth was negative on the BSE with 1919 declines and 748 declines.

(All figures are provisional)

News Source: Economic Times

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