Monday, June 23, 2008

BSE sensex closes below 15k

by Jo Black

The Bombay Stock Exchange (BSE) benchmark Sensex closed below the 15k mark on Tuesday 10 June after losing over 700 points in the previous two sessions.

The sensex lost 176 points to close at 14,889 and the Nifty index lost 51 points to close at 4,449.

After hitting the 2008 lows and breaching the previous low of 14,677 in the afternoon trades, the benchmark index managed to recover over 250 points and the Nifty recouped about 70 points from day’s low.

Among the 30-scrips of Sensex, 11 stocks are in positive terrain and 19 stocks are in red.

HDFC, which dropped by 4.8%, remained the main loser.

Even the oil giant, ONGC hit a nine month low, dropping by 4.7%, TCS closed 3.9% lower.

Jaiprakash Associates, Infosys, ITC, Reliance Infra and ICICI Bank were other notable losers.

Pharma major Ranbaxy Laboratories on the other hand posted some huge gains on Tuesday.

Among the BSE Sectoral indices, barring the BSE Pharma index was the major gainer adding 2.1%.

The major losers were, BSE IT (down 2.7%), BSE Bankex (down 2.4%) and BSE Realty index (down 2.1%). Even the Mid-Cap and the Small-Cap indices ended losing 1% each.

Among the 30-scrips of Sensex, 21 stocks ended in red and only 9 stocks ended in green.

Finally, the BSE benchmark Sensex lost 176 points to close at 14,889 and the Nifty index lost 51 points to close at 4,449.

 

 

 

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