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Last hour trades drag markets down; Sensex touches 14000 levels

August 28th, 2008

Thursday, August 28, 2008 3:53:57 PM IST

The last hour of trade did more damanage than the remaining part of the day. The Nifty closed the day at 4221 down 1.66%. Sensex has shed 248 points to close at 14048 having come close to 14000 levels yet once again.

CNX IT is down 1.83% and Bank Nifty is down 1.38%. CNX 100 is down 1.51% and the broder CNX 500 is down 1.57%. Nifty Midcap 50 is down 1.65%

Top gainers on the Nifty include Suzlon (up 2%), Tata Power, Cairn (both up over 1%), Hero Honda, Ranbaxy, ITC, Satyam, HCL Tech, Bharti Airtel (All up marginally). Top losers include Hindalco (down over 5.93%), Tata Communications (down over 4%), National Aluminium, Siemens, TCS, Wipro, BHEL, GAIL and SAIL (all down over 3%)

The BSE Sensex closed the day at 14,048.34 down 248.45 points or 1.74%. The Midcap index and Smallcap index are down 77.58 and 77.61 points respectively. Oil & Gas and Capital Goods indices are down over 2% each followed by PSU, Metal, Bankex, REalty, Power, IT that are all down over 1% each. All the sectoral indices on the BSE closed the day in red.

1 U.S. dollar = 43.5255 Indian Rupees
1 U.S. dollar = 108.9087 Japanese Yens
1 U.S. dollar = 0.6770 Euros
1 Ounce Gold = $831.70
1 Barrel Crude Oil = $118.88

Entry Filed under: Equity Markets