Market ends weak
Wrap Up: Market ends weak India`s benchmark index, Sensex, ended the day on a weak note on account of intense selling pressure in heavyweights and negative global cues. The sensitive index opened on a firm note in the morning trades and continued to trade in positive in the first few hours. Later, the sensitive index slipped into the negative, touching a low of 15,467.46 in the intraday trades.
Select stocks from banking, realty and IT were the underperformers, while cement stocks gained ground.
Asian markets closed on a negative note for the first time in five days on Monday (Sep. 17, 2007) after the U.S. justice department started investigating makers of flas h-memory chips which was abetted by a fall in the crude oil prices.
The BSE Sensex fell by 0.64%, or 99.37 points, to close at 15,504.43. While the broad-based NSE Nifty fell 23.35 points, or 0.52%, to settle at 4,494.65.
>Larsen & Toubro (L&T) received an order worth Rs 770 million for methanol reformer package. The order is a part of “Trombay Methanol Revamp Project“ for Rashtriya Chemicals and Fertilizers (RCF), Chembur.
Market Statistics
Out of the total 2,812 shares traded at the BSE, 1,384 advanced, 1,360 declined, while 68 remained unchanged.
Among the sectoral indices, BSE Auto rose 0.24%, BSE Metal went up 0.26%, while BSE IT declined 1.39% and BSE Realty an d BSE Bankex dipped 0.56% each.
Among the gainers at the BSE include Reliance Energy, which rose 2.85% to close at Rs 907.80, followed by Maruti, which gained 1% to close at Rs 874.45, and Bajaj Auto advanced 0.72% to Rs 2,393.85. Ambuja Cement, Tata Motors and ACC also moved up.
Laggards at the BSE include TCS, which slipped 2.47% to close at Rs 997.35, followed by Reliance Comm, which lost 2.26% to close at Rs 530.80 and Bharti Airtel closed down 2% at Rs 814.25. Satyam, NTPC, HDFC and ICICI Bank also slipped.
Top Volumes
Ispat Industries topped the volume chart with 36,295,531 shares being traded, followed by Neyveli Lignite with 2,497,578 shares and IDBI with 2,475,945. Reliance Petroleum, IDFC and Arvind Mills were some of the other chart busters.
Top Turnover
GMR Infrastructure topped the turnover chart with Rs 13,65 4.00 million followed by Reliance Energy and Reliance Capital.
