Wednesday, November 28, 2007

Markets end on a weak note

The markets slipped significantly in the final hour of trade closing with a deep cut. The weakness in markets was inline with Asian indices trading flat or in negative despite some positive cues from Dow yesterday. Heavy selling was seen in metal, IT and oil & gas.

Sensex was down 188.86 points or 0.99% at 18938.87, and the Nifty down 80.60 points or 1.41% at 5617.55.

India's largest private sector firm by market capitalisation and oil refiner Reliance Industries was down 1.96% at Rs 2786.15.

India’s largest private sector bank by assets ICICI Bank lost 1.10% to Rs 1120, off day’s high of Rs 1160.India’s second largest software exporter by sales Infosys Technologies fell 0.23% to Rs 1572.10.Hindalco Industries dropped 3.71% to Rs 184.25, Tata Steel fell 3.73% to Rs 816, ACC fell 3.31% to Rs 1075.20, Reliance Energy declined 3.44% to Rs 1700 and TCS fell 2.51% to Rs 968.

Yesterday's new listing Mundra Port closed down 9% below the Rs 900 mark.

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