Markets under pressure
The market was weak throughout the day, due to selling especially in banking and auto shares. All sectoral indices on BSE settled with losses. But shares from sugar sector bucked the trend in an overall weak market.
The BSE Sensex, which turned weak in the early-afternoon, kept declining as investors exited long positions ahead of the March 2007 deriviative contracts expiry, due on Thursday (29 March 2007).
The 30-share BSE Sensex closed down 161.61 points (1.22%), at 13,124.32.The S&P CNX Nifty lost 41.10 points (1.06%), at 3,819.95.Volatility is expected to remain high ahead of the expiry of March 2007 derivative contracts.
Tata Motors was the top-loser, down 4.31% to Rs 755.45.Maruti Udyog (MUL) lost 2.83% to Rs 816, while Hero Honda lost 1.71% to Rs 668.Bajaj Auto was down 0.34% to Rs 2525.IT major Satyam Computers was the top-gainer, up 1.65% to Rs 471.80.Infosys Technologies lost 1.63% to Rs 2062.50, while Wipro declined 2.68% to Rs 584.80 on concerns arising from the rupee’s recent surge against the US dollar.
The BSE Sensex, which turned weak in the early-afternoon, kept declining as investors exited long positions ahead of the March 2007 deriviative contracts expiry, due on Thursday (29 March 2007).
The 30-share BSE Sensex closed down 161.61 points (1.22%), at 13,124.32.The S&P CNX Nifty lost 41.10 points (1.06%), at 3,819.95.Volatility is expected to remain high ahead of the expiry of March 2007 derivative contracts.
Tata Motors was the top-loser, down 4.31% to Rs 755.45.Maruti Udyog (MUL) lost 2.83% to Rs 816, while Hero Honda lost 1.71% to Rs 668.Bajaj Auto was down 0.34% to Rs 2525.IT major Satyam Computers was the top-gainer, up 1.65% to Rs 471.80.Infosys Technologies lost 1.63% to Rs 2062.50, while Wipro declined 2.68% to Rs 584.80 on concerns arising from the rupee’s recent surge against the US dollar.
Labels: Nifty.Sensex
posted by SY at 6:30 PM
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