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Indian stock markets close in red, frontline IT stocks the worst hit

February 6th, 2008

The Indian stock markets joined its Asian peers and closed in the red. Sensex is down 2.81% while Nifty closed down 2.94%.

CNX IT is down 5.15%, CNX 100 is down 2.85% while CNX Midcap index is down 1.67%. Amongst  the sectoral indices, Consumer Durables is down 4.55%, Metal is down 3.6% while Reality, Bankex and Auto are down over 2%

Large cap IT stocks corrected a bit today. Satyam, Wipro, Infosys are down over 6%, National Alumnium, Hindalco, Sterlite Industries, Unitech and TCS are down 5%. SAIL, Maruti, VSNL, ONGC, HCL Tech and Punjab National Bank are down 4%.

Nifty gainers include GAIL that plunged 3.3% while Reliance Energy, Reliance Communications and ABB closed marginally in the green,

Leading mid cap gainers of the day include RNRL, TTML, Ashok Leyland, Aurobindo Pharma, BEML, LITL, Kesoram Industries and Moser Baer. Mid cap losers include Titan Industries, Mphasis, Rolta, IVRCL Infra, Birla Jute, HCC, Bombay Dyeing, Nagarjuna Constructions, Divis Labs amongst others.

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