Friday, January 9, 2009

Market close: Saga continued the day & ended sharply lower amid high volatility....!!!

The benchmark indices continued the downtrend for the consecutive day and ended sharply lower amid high volatility. Shares of oil exploration, capital goods, metal, telecom, and select power and banking companies witnessed steep fall. Sell-off was also seen in broader indices. However, shares of major technology, FMCG, oil marketing and select auto companies as well as NTPC remained on the higher side.

Wednesday's culprit Satyam, has seen quite sharp cut today as well. The stock has touched a new 52-week low of 6.30 on the NSE and lost around 44%.

Amongst the sectoral indices, BSE Realty Index which had fallen over 20 per cent in intra-day trade recovered from lows but was 1.23 per cent down, BSE Metal index was fell 5.92 per cent, BSE Capital Goods Index declined 3.83 per cent.

Market breadth was negative on the BSE with 513 declines and 1829 advances.

The Sensex went down 196 points to 9,390 and the Nifty lost 52 points to 2,868 (provisional). BSE Midcap and Small cap indices fell 2.5% each.


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