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Rediff.com  » Business » Volatile Sensex ends flat; IT down 2.5%

Volatile Sensex ends flat; IT down 2.5%

By BS Reporter in Mumbai
June 11, 2009 16:59 IST
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The Sensex on Thursday opened  50 points higher at 15,517. Profit booking in the IT, Oil & Gas, Capital Goods and Power dragged the Sensex into the negative terrain.

However, it recovered in late morning deals but failed to hold its gains and slipped to a low of 15,241, down 327 points from the day's high.

Intense choppiness was exhibited throughout the day and the index finally ended flat at 15,411, down 55 points.

The NSE Nifty ends at 4,638, down 18 points.

The BSE IT index slipped 2.5% to 3,305. Oil & Gas, Capital Goods, Power and Consumer Durables were down 1-2% each.

The Metal index bucked the trend and added 3% to 11,989.

The market breadth was negative - out of 2,793 shares traded, 967 advanced and 1,768 declined on Thursday.

INDEX MOVERS...

Hindalco zoomed 8% to Rs 101. Mahindra & Mahindra and Sterlite soared over 6% each to Rs 815 and Rs 702, respectively.

HDFC Bank gained 4% at Rs 1,552. Tata Steel, NTPC and Tata Power added 2-3% each.

ITC and Sun Pharma were up 1% each.

...AND THE SHAKERS

ONGC, Jaiprakash Associates and ACC slipped 4% each to Rs 1,118, Rs 215 and Rs 863, respectively.

BHEL and SBI dropped 3.5% each to Rs 2,271 and Rs 1,696, respectively.

Infosys, Wipro and Reliance Infrastructures declined 2-3% each to Rs 1,751, Rs 423 and Rs 1,192, respectively.

Tata Power, Hindustan Unilever, Maruti and DLF were down 1-2% each.

OTHER PROMINENT GAINERS...

Tulip Telecommunications surged 11.6% to Rs 774.

JSW Steel, Aditya Birla Nuvo, Spice Telecommunications, Tata Chemicals, Rashtriya Chemicals & Fertilizers, Sesa Goa, Balrampur Chini Mills, Chambal Fertilisers and Chemicals, IDEA Cellular and Infrastructure Development Finance Company advanced 5-9% each.

...AND THE LOSERS

India Cement slipped 7% to Rs 166.

Lanco Infrastructures, Financial Technologies India, Rei Agro, Canara Bank, BPCL, Jai Corporation, IVRCL Infrastructures & Projects, Century Textiles, Ambuja Cement, HPCL and Oracle Financials were down 4-6% each.

VALUE & VOLUME TOPPERS

Reliance Capital topped the value chart with a turnover of Rs 293.91 crore. It was followed by Unitech (Rs 283.61 crore), Suzlon (199.90 crore), Reliance Natural Resources (Rs 164.94 crore) and Sesa Goa (Rs 161.03 crore).

Unitech topped the volumes chart with trades of 33 million shares. It was followed by Ispat (21.73 million), Reliance Natural Resources (18.22 million), Suzlon (16.53 million) and IFCI (15.94 million).

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BS Reporter in Mumbai
Source: source
 

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