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IT, Auto, Telecom indices continues to slip

August 19th, 2008

Tuesday, August 19, 2008 2:25:30 PM IST

The last one hour of trade has dragged the IT stocks downward. The lastest to join in the top losers pack is IDEA. The stock slipped by 6.03% and is trading at Rs. 81 levels. Reliance Communication (RCOM) too is in bad times these days as the downtrend continued for today too. RCOM is trading at Rs. 412.50 down 3.24%. Its peer Bharti Airtel (BHARTIARTL) is trading at Rs. 809.10 and is down 2.68% on the Nifty.

CNX Nifty is down 1.33% at 4334.65 points. CNX IT is down 0.86%, Bank Nifty is down 1.86% CNX Midcap index is down 1.36%

Sensex is holding at 14450 mark and is down 195 points in todays trade. The BSE Midcap index is down 1.1% while the BSE Smallcap index is down 0.95% so far.

Losses extended to other sectors too. Tech, Auto, Consumer Durables, Bankex, Realty, PSU, Consumer Goods, Power and Metal indices on the BSE are down over a percent.

1 U.S. dollar = 43.3407013 Indian rupees
1 U.S. dollar = 109.938434 Japanese yen
1 U.S. dollar = 0.682454105 Euros

Entry Filed under: Equity Markets