Tuesday, March 27, 2007

Indian shares fall 1.22 pc, down by 162 points

Indian shares fell by 1.22 percent Monday following losses suffered by key market index heavyweight software firms.

Indian shares fell by 1.22 percent Monday following losses suffered by key market index heavyweight software firms.

The benchmark 30-share index of the Bombay Stock Exchange (BSE) provisionally fell 161.61 points or 1.22 percent before ending at 13,124.32 points.

Similarly, the broader 50-issue National Stock Exchange index, Nifty, closed 41.10 points or 1.06 percent at 3,819.95.

Index heavyweights and information technology firms like top software exporter TCS Ltd, which fuelled down the index, was down 2.19 percent at Rs.1,261.25. India's second largest software exporter Infosys Technologies Ltd was down 1.89 percent at Rs.2,057.00 while the third largest software firm Wipro Ltd was down 2.45 percent at Rs.586.15.

Top multi-utility vehicle maker Tata Motors led the major index losers of the day, down 4.51 percent at Rs.753.85, followed by second largest private lender HDFC Bank Ltd., down 3.58 percent at Rs.975.60. The country's top carmaker Maruti Udyog Ltd was down 2.48 percent at Rs.818.90.

Top private lender ICICI Bank Ltd., housing finance company Housing Development Finance Company, top two-wheeler maker Hero Honda Motors were the other major index losers of the day.

Software exporter Satyam Computer led the major index gainers, up 1.73 percent at Rs.472.25, followed by state-owned oil and natural gas producer ONGC Ltd, up 1.18 percent at Rs.853.20 and top steel producer Tata Steel, up 0.73 percent at Rs.441.90. Private telecom service provider Reliance Communication Ltd was the only other major index gainer of the day, up 0.18 percent at Rs.426.30.

Source : http://www.indiaprwire.com

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