Selling pressure in the index heavyweights took toll in the final trading hour causing the indices to close in the negative territory. While selling was witnessed across sectors, stocks from the software and pharma sectors displayed strength. Selective buying was also seen in stocks from the banking and engineering space. As regards global markets, the Asian indices closed mixed, the European indices are trading lower currently.
The BSE Sensex closed almost 89 points lower, while the NSE Nifty closed lower by 39 points. The BSE Midcap and Smallcap indices also closed in the red, each down 1% respectively. The rupee was trading at 43.28 to the dollar.
Monday, August 18, 2008
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