GetPaidIndia.com

Indian markets take severe correction route

January 21st, 2008

Yet another black Monday in the history of the Indian stock markets. Scripts on both the BSE and NSE took a choppy correction session today. The selling pressure is across scripts in all capitalization markets – Largecaps, Midcaps and Smallcaps and is evident in almost all sectors. Not even a single sectoral index on the BSE closed in the green.

NSE Nifty closed at 5208.80. Nifty Junior came close to the 10,000 levels and closed at 10081.75. CNX IT is down 6.5% and closed at 3786.15. On the BSE Sectoral indices, Metal index is down 13.3%, Realty down 12.8%, Oil & Gas down 11.9%, Power, PSU down by 10%, Auto index is down 9%, Consumer Durables and Health care down by 8%.

Reliance Petrol is down 17.57%, Reliance Energy is down 16.92%, Tata Power is down 14.97%, ACC corrected by 14.83% and VSNL is down 14.42%. DLF Limited is down Rs. 02.05, Grasim Industries is down Rs. 315.8 and Reliance is down by Rs. 255.30.

All stocks on the CNX IT are down today. Polaris is down 21.72%, CMC is down 19, Rolta and IFlex corrected by 18%. Large cap IT stocks Satyam which announced its result numbers today is down by 1,99%. Wipro is down 3.27%, Infosys is down 5.26%.

Entry Filed under: Equity Markets, BSE, NSE, Closing Bell