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Banking, IT stocks pull down Sensex
March 17, 2009 17:09 IST
The Sensex opened flat at 8,942 - down two points. The index after marginally shaky start firmed up and rallied past the 9,000-mark to a high of 9,024.
Selective buying at lower levels helped the index recover some losses at close. The Sensex finally ended with a loss of 80 points at 8,864.
The NSE Nifty ended at 2,757, down 20 points.
The BSE Bankex dropped 2% to 4,006, and the IT index shed 1.7% at 2,161. The Auto index however advanced 1% to 2,855.
The market breadth was marginally positive - out of 2,574 stocks traded, 1,331 advanced, 1,136 declined and the rest were unchanged on Tuesday.
HDFC, DLF and Infosys [Get Quote] dropped 1.8% each to Rs 1,364, Rs 159 and Rs 1,266, respectively.
Larsen & Toubro declined 1.5% to Rs 617. ACC and Grasim [Get Quote] were down 1% each at Rs 557 and Rs 1,463, respectively.
...AND THE MOVERS
ITC, Maruti [Get Quote] and NTPC moved up around 1.5% each to Rs 173, Rs 710 and Rs 174, respectively.
OTHER PROMINENT LOSERS...
Tata Teleservices [Get Quote] slumped nearly 10% to Rs 22. IVRCL Infrastructure, Rei Agro [Get Quote], India Cement, United Phosphorous, Aditya Birla Nuvo [Get Quote], Axis Bank, Indiabulls [Get Quote] Realestate, Marico, Piramal Healthcare, Punjab National Bank [Get Quote] and Bank of Baroda [Get Quote] dropped 4-6% each.
...AND THE GAINERS
Rolta zoomed 18% to Rs 54. Akruti City soared over 12% to Rs 1,578. Madras Cements [Get Quote], Nagarjuna Construction, Thermax, Biocon [Get Quote], Welspun Guj, Aban Offshore [Get Quote], GMR Infrastructure [Get Quote], Jai Corp [Get Quote], United Spirits [Get Quote] and Crompton Greaves [Get Quote] gained 5-8% each.
MOST ACTIVE COUNTERS
Akruti City topped the value chart with a turnover of Rs 459.22 crore followed by ICICI Bank [Get Quote] (Rs 304.11 crore), Reliance (Rs 252.64 crore), Educomp Solutions [Get Quote] (Rs 184.36 crore) and Everonn Systems (Rs 136.62 crore).
Rolta led the volume chart with trades of around 1.92 crore shares followed by Unitech (1.81 crore), Reliance Natural Resources [Get Quote] (1.66 crore), Cals Refineries (1.41 crore) and Suzlon [Get Quote] (1.32 crore).