GetPaidIndia.com

Indian markets lose steam gained in early hours of trade, closes marginally in red

September 13th, 2011

The attempts to recover and stay in the green territory made during pre-noon went waste after the markets lost steam dragging the Indian stock markets into the red.

The BSE SENSEX lost 34.3 points and closed at 16467.44 points. It is down 0.21% today. NIFTY closed at 4940.95 losing 5.85 or 0.12%. The CNX Midcap closed at 7240.50 gaining 4.90 points or 0.07% while the BSE Smallcap closed at 7169.07 gaining a mere 1.01 point at 0.01%.

Top gainers of the day include Cairn India (up over 5%), ACC, DLF, Sesa Goa and Kotak Mahindra (all up over 2% each) amongst others. On the losing end are Tata Motors (down over 4%), SBI, Sun Pharma, Tata Power, Cipla, SAIL and HUL (all down over 1% each).

Volume shokers of the day include WABCO India, Euro Ceramics, FAG Bearings, Kamat Hotels, P and G, Arshiya Intl, Pennar Inds, Tata Metaliks, Mahindra Forg and Kaveri Seed Co.

SpiceJet (BSE: 500285; NSE: MODILUFT; ISIN: INE285B01017) was in news today that its promoters would infuse money via new shares and would be taking additional 5% stake in company. The script closed the day at Rs. 25.45 gaining Rs. 1.45 or 6.04% amidst a volume of 6.72m shares traded today.

Reports of Advance Income Tax Payments made by corporates are coming out. NTPC (BSE: 532555; NSE: NTPC; ISIN: INE733E01010) is reported to have been paying around Rs 721 crores for the period July-September. The stock closed at Rs. 163.30 gaining Rs. 1.20 or 0.74%.

Entry Filed under: Equity Markets, Closing Bell, Power, Aviation