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Markets close day in deep red - Sensex down by 476 points

August 21st, 2008

Selling pressures across the board has brought back the bears today. The markets opened trade this morning in a weak mood and continued to take a free fall slip as the day progressed.

The Nifty closed down 3.24% at 4272.70 levels. The CNX IT is down 2.6% and the Bank Nifty down by 5.35%.

The BSE Sensex is down 476.06 points and closed the day at 14202.18. The BSE Midcap is down 125.22 points and closed at 5107.15 points. The BSE Smallcap index is down by 1.96% at 6927.62 points. Realty, Bankex, PSU, Power, Consumer Goods are the most prominent sectoral losers of the day.

Ranbaxy, Cairn and ABB closed in the green while the losers list is led by Bank and Realty stocks. SBI is down a whopping 7.17%. Reliance Infra, Unitech, DLF, NTPC, National Aluminium, HDFC Bank, ICICI Bank are all down by over 5%. BPCL and HDFC closed down by over 4.9%

State Bank of India last traded at Rs. 1340. ICICI Bank is at 642.00 and HDFC Bank last traded at 1170.00

1 U.S. dollar = 43.4103143 Indian rupees
1 U.S. dollar = 108.849461 Japanese yen
1 U.S. dollar = 0.676452682 Euros
Gold (1 ounce) = $820.20
Crude Oil (1 Barrel) = $117.16

Entry Filed under: Equity Markets