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Markets continue to slide downwards, Bank Nifty down 4%

August 21st, 2008

Thursday, August 21, 2008 1:31:52 PM

The stock markets are accessing new lower levels as more selling has come into the picture.

Nifty is now testing 4300 levels and is currently at 4304 down by 2.53%. Bank Nifty is down 4.04% while CNX IT is down 1.75%

Top losers of the day so far include SBI, Tata Communications, NTPC (all down over 5%), DLF, Unitech, BPCL, HDFC Bank (all down 4%), BHEL, ICICI Bank and Sun Pharma (all down over 3.5%)

Some top gainers of the day so far include Ranbaxy (up 1.79%) and Cairn (marginally in the green).

The BSE Sensex is now down over 332 points and is at 14345 levels. Both BSE Midcap and Smallcap indices have down over a percentage.

Top sectoral losers include Realty (down over 4%), Bank and PSU (both down over 3%), Power and Capital Goods (Both down over 2%) amongst others.

1 U.S. dollar = 43.4103143 Indian rupees
1 U.S. dollar = 108.849461 Japanese yen
1 U.S. dollar = 0.676589986 Euros

Entry Filed under: Equity Markets