Markets close in red - May 30, 2007
May 30th, 2007
CNX NIFTY closed at 4249.65 and is down 1.02%. CNX NIFTY JUNIOR is down 1.35%. IT stocks continue to look weak. CNX IT closed down 1.63%. BANK NIFTY is down 0.90% while CNX 100 lost 1.06%
On the CNX IT, only 1 stock advanced while 19 declined. HCL Tech closed at 344 and is up 0.35%. Top losers include Patni, Tata Elxsi, CMC, Polaris and Satyam Computers.
On the Bank Nifty, 3 stocks advanced while 9 declined. Top gainers include Union Bank, OBC and SBI while the losers pack is lead by HDFC Bank, Kotak Bank, Bank of India, PNB and Bank of Baroda.
The Sensex closed 96.83 points in todays trade and closed at 14,411.38. The Midcap index lost over a percentage point while Small cap lost 0.5%. Consumer Durables and Capital Goods sectoral indices remained strong while almost all other indices closed in the red with Bank, FMCG, Metal and IT begin top sectoral index losers.
Top gainers of the day are L&T, Hero Honda, Housing Development Finance Co,Bajaj Auto, Gujarat Ambuja Cements, SBI and Tata Motors. Top losers of the day include Reliance Communications, Reliance Energy, HDFC Bank, BHEL, Hindalco, Infosys, Maruti Udyog, HLL, Cipla and ACC.
Entry Filed under: Equity Markets, Closing Bell
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