Markets close in red amidst selling pressure
November 5th, 2007
The Indian stock markets that opened volatile took the downward course post noon with bears coming into scene as traders and investors began a profit booking phase. Nifty, CNX IT and Bank Nifty are down by over 1%. However Midcap and the Smallcap indices performed reasonably well indicating that all the trouble is in the top notch stocks.
Profit booking is more evident in Banks, FMCG, IT and the Energy sectors. The biggest losers in the Nifty pack are ONGC, ICICI Bank, L&T, Infosys, Sterlite Industries, HDFC Bank, BHEL, Maruti, ACC and ITC. The toppers of the day is led by Bharti Airtel and Tata Power as both the scripts closed up by over 5% on the Nifty. Other leading gainers are Hindustan Petroleum, Unitech, Punjab National Bank, GAIL, HCL Tech, Cipla, NTPC and BPCL.
Entry Filed under: Equity Markets, Closing Bell
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