This article was first published 18 years ago

Sensex ends down 37 points; oil, tech stocks slip

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Last updated on: May 15, 2007 17:09 IST

The Sensex opened marginally lower at 13,949 - down 17 points. Fresh buying in early trades saw the index rebound and touch a high of 14,024.

The index, however, could not hold gains for long as selling pressure in technology and oil & gas stocks dragged the index into negative territory. The index slipped to a low of 13,885 - down 139 points from the day's high.

The Sensex finally ended with a loss of 37 points at 13,929.

The BSE Mid-cap and Small-cap indices ended with marginal gains at 5955 (up 14 points) and 7103 (up 23 points), respectively.

The BSE Bankex gained 1.7% at 7191. The IT index dropped 1.3% to 4873, and the Oil & Gas index was down nearly 1% at 7291.

The market breadth was marginally positive - out of 2,678 stocks traded, 1,329 advanced, 1,269 declined and 80 were unchanged today.

Oil/tech slip

Satyam shed 2% at Rs 452. Wipro dropped 1.8% to Rs 534. Infosys slipped 1.5% to Rs 1,973, and TCS was down 1% at Rs 1,237.

ONGC declined 1.8% to Rs 890. Reliance slipped 1.4% to Rs 1,598.

Reliance Communications dropped 1.4% to Rs 475. Bajaj Auto was down 1.2% at Rs 2,635.

Hindalco and Larsen & Toubro were the other major losers.

BHEL surged 2.5% to Rs 2,519.

ICICI Bank rallied 2% to Rs 887. SBI advanced 1.7% to Rs 1,227, and HDFC Bank added 1.4% to Rs 1,010.

Hero Honda gained 1.4% at Rs 700. Bharti Airtel, Dr.Reddy's and ACC were up around 1% each at Rs 833, Rs 657 and Rs 875, respectively.

Value & volume toppers

Indiabulls Real Estate topped the value chart with a turnover of Rs 131.20 crore followed by SBI (Rs 123.50 crore), Reliance Natural (Rs 113.10 crore), Reliance (Rs 99 crore) and Educomp Solutions (Rs 86.20 crore).

Reliance Natural led the volume chart with trades of around 3.67 crore followed by Petronet LNG (94.25 lakh), IFCI (85.60 lakh), Reliance Petro (84.80 lakh) and Nagarjuna Fertilisers (70.90 lakh).

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