Bears prevail upon bulls
The markets were extremely volatile throughout the day, as bulls and bears locked horns, with the latter emerging victorious.Despite a strong show in the first half, it lost its way in the second half. Heavy selling brought about the downfall.
The 30-share BSE Sensex lost 68.10 points, to settle at 13,866.17, as per a provisional closing while the Nifty 50 index lost just 6 points and ended at 4111.15.
IT major Wipro was the top-loser, down 2.36% to Rs 554.Other frontline IT pivotals were not spared either. Satyam Computers (down 2.15% to Rs 460.50) and Infosys Technologies (down 1.70% to Rs 2037) declined.
Dr Reddy’s (down 2% to Rs 705), Hindalco (down 2.29% to Rs 144.75) and Cipla (down 1.60% to Rs 214) were the other prominent losers.
On the other hand, Ranbaxy laboratories was the top-gainer, up 2.11% to Rs 390.Index heavyweight Reliance Industries (RIL) advanced 1.48% to Rs 1606.Hero Honda (up 1.02% to Rs 704.90), Bharti Airtel (up 0.64% to Rs 823), and ACC (up 0.46% to Rs 863) were among the other eminent gainers.
The 30-share BSE Sensex lost 68.10 points, to settle at 13,866.17, as per a provisional closing while the Nifty 50 index lost just 6 points and ended at 4111.15.
IT major Wipro was the top-loser, down 2.36% to Rs 554.Other frontline IT pivotals were not spared either. Satyam Computers (down 2.15% to Rs 460.50) and Infosys Technologies (down 1.70% to Rs 2037) declined.
Dr Reddy’s (down 2% to Rs 705), Hindalco (down 2.29% to Rs 144.75) and Cipla (down 1.60% to Rs 214) were the other prominent losers.
On the other hand, Ranbaxy laboratories was the top-gainer, up 2.11% to Rs 390.Index heavyweight Reliance Industries (RIL) advanced 1.48% to Rs 1606.Hero Honda (up 1.02% to Rs 704.90), Bharti Airtel (up 0.64% to Rs 823), and ACC (up 0.46% to Rs 863) were among the other eminent gainers.
Labels: Nifty.Sensex
posted by SY at 5:03 PM
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