Indian stock markets down (once again)
June 19th, 2008
The Indian stock markets had yet another dull day. The markets opened with a huge gap up early in the morning and the downtrend continued for the rest of the day. Every raising attempt was levelled with an hammer from the opposite direction.
The CNX Nifty closed down 1.71% at 4504.25 testing the 4500 levels once again. The Nifty Junior closed at 7410.80 down by 2.54%. Banking stocks are the ones that are hammered the most - The Bank Nifty closed 3.92% down. The Midcap sector too tasted a trouble water today.
The Sensex opened the day at 7410.80, had an intraday high of 15,259.36 and intraday low of 15,051.66 and closed at down at 15,087.99 - down by 334.32.
Realty, Bankex, Capital Goods, Power, PSU are the biggest losers of the day.
Top gainers of the Nifty today include Cairn (up 3.35%), M&M, Wipro, Hero Honda, Sun Pharama amongst the others. The losers list is lead by Ranbaxy (down 7.56%), Unitech, Reliance Infra, BHEL (all down over 5%), Punjab National Bank, L&T, ICICI Bank (all down over 4%) amongst others.
Overall, another bad day for the markets.
Entry Filed under: Equities
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