Tuesday, March 03, 2009

Sensex close lowest since November 2008

MUMBAI: Indian indices plunged in the last one of hour of trade as investors booked profits in frontline stocks. European markets which had opened higher slipped in the red and hit all-time lows as concerns of global recession took centrestage. Stock Exchange’s Sensex ended at 8411.30, down 195.78. The index touched an intra-day low of 8390.21 and high of 8635.20

National Stock Exchange’s Nifty ended at 2619.05 down 55.55 points. The broader index slipped to low of 2611.55 and high of 2688.50.

BSE Midcap Index was down 1.72 per cent and BSE Smallcap Index fell 1.31 per cent.

BSE Oil&gas Index was down 2.63 per cent, BSE IT Index fell 2.24 per cent and BSE Bankex moved 2.10 per cent lower.

Losses in Tata Power (-6.56%), Reliance Communications (-4.92%), Reliance Industries (-3.43%), HDFC (-3.34%) and Tata Consultancy Services (-3.1%) took a toll on the Sensex.

Grasim Industries (2.64%), Jaiprakash Associates (1.36%), Maruti Suzuki (0.66%) and ACC (0.43%) were the only stocks in the 30-share index which held onto gains.

Market breadth on BSE remained negative with 1583 declines against 823 advances.

(All figures provisional)

Source: economictimes.indiatimes.com

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