Wednesday, December 31, 2008

Sensex ends in red; traders hope for better 2009

MUMBAI: Snapping a two-day pull-back rally, the Indian stock market benchmarks ended the last trading day of 2008 in the red. Profit booking in banks, oil&gas and realty stocks in later part of the day put pressure on the indices while healthcare, auto and capital goods resisted further fall.

Bombay Stock Exchange’s Sensex closed at 9647.31, down 68.85 points or 0.71 per cent from Tuesday’s close. The index touched a low of 9587.92 and high of 9825.90 intraday. National Stock Exchange’s Nifty ended the day at 2958.10, down 21.40 points or 0.72 per cent from previous close. It touched a high of 3002.65 and low of 2937.35 intraday.

Secondline stocks outperformed the benchmarks. BSE Midcap Index was up 0.59 per cent and BSE Smallcap Index moved 1.31 per cent higher. Among sectors, the BSE Bankex fell 1.29 per cent, BSE Oil&Gas Index slipped 0.98 per cent and BSE Realty Index moved down 0.41 per cent. BSE Auto Index moved 0.95 per cent up, BSE Healthcare Index was up 0.62 per cent and BSE Capital Goods Index moved 0.49 per cent higher.

Biggest Sensex gainers were Satyam Computer (5.95%), Ranbaxy Laboratories (4.43%), Tata Motors (1.89%), Hindalco Industries (1.87%) and Mahindra & Mahindra (1.63%). HDFC (-2.75%), HDFC Bank (-2.02%), ICICI Bank (-2.12%), Reliance Industries (1.5%).

Source: Economics Times

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