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Bares race continues – Markets ends weak – Jan 23, 2007 – Closing time

January 23rd, 2007

The expected charm the markets are going to get as  a result of an positive expectation quarterly results is going as a mixed trend. The BSE Sensex was at 14041 down by 168 points while the NSE Nifty is at 4066, down by 37 points.
Almost all big names and favorites of the stock market ended in the red. Stocks in the cement and banking sectors took the most of heavy beat. ACC was down about 7%, Gujarat Ambuja touched -6.81%, Grasim was down by 2.93%.
Banking major SBI which announced its quarterly results today is considered below street expectations and saw heavy selling today. The stock ended -4.53%.
The gainers pack had Bharti Airtel (which also announced a positive quarter) by 1.81% and Hindalco at 0.18%. Zee Entertainment, Nalco, OBC and Tata Power are other leading names which ended in the green.
The USD/INR is at 44.24.

Entry Filed under: Equity Markets