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Markets close day in red as selling continues in Banking and Realty stocks

September 17th, 2008

Wednesday, September 17, 2008 3:43:16 PM IST

The stock markets continue to witness weakness following selling pressure in Realty and Banking stocks. Nifty closed the day at 3996.75 down 1.75% while BSE Sensex closed at 13230.15 down 2.14%

The CNX IT is down 1% despite few attempts to stay in the green zone. The Bank Nifty is down 3.7% at 5905.75. CNX 100 is down 2.13% while CNX 500 is down 2.18%.

Nifty gainers of the day include Tata Motors, Cain (both up over 4%), ONGC, ACC (both up over 2%), Ambuja Cement, Infosys, Wipro (all up over 1%), Tata Communications, Cipla and M&M (all marginally up).

Unitech and Sterlite continue to be hit the most. Unitech touched an intraday low of 125.25 and closed day at 127.20 down by 9.21%. Sterlite Industries is down 8.76% and last traded at 436.25. Other top Nifty losers of the day include IDEA, National Aluminium, BPCL, HCL Tech, ITC, GAIL, Ranbaxy and ICICI Bank.

The BSE Midcap and Smallcap indices too closed in the red. All sectoral indices on the Sensex are in the red. Bankex and FMCG are down over 3%.

1 U.S. dollar = 46.1190 Indian Rupees
1 U.S. dollar = 105.9546 Japanese Yens
1 U.S. dollar = 0.7049 Euros
1 Ounce Gold = $782.50
1 Barrel Crude Oil = $93.91

Entry Filed under: Equity Markets, Closing Bell