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Markets slip into red; BSE Realty Index down by 1.4%

August 27th, 2008

Wednesday, August 27, 2008 11:37:05 AM IST

The stock markets made fresh inroads in the negative territory during the last hour of trade. CNX Nifty is down 0.28% while BSE Sensex is down 0.47%. DLF which is planning to raise funds from institutional investors is currently down 1.96%

CNX Nifty is trading at 4325 levels and is down 0.28%. CNX IT is down 0.19% while Bank Nifty is down 0.06%. CNX Midcap is now up 0.26%

The BSE Sensex has shed 68.12 points and is now at 14414 levels. Midcap index is marginally in the red while Smallcap index is now n green.

Realty, Oil & Gas, Power, Bankex, Capital Goods are in the red while Metal, Healthcare, Auto, Consumer Durables sectoral indices are in green.

Top Nifty gainers include Sun Pharma (now 1.8% up), SAIL, Tata Steel, Suzlon, Dr. Reddy (all up over 1%), ABB, ONGC, Tata Motors, Ambuja Cements, Hindalco (all marginally in the green)

Top Nifty losers include DLF, Reliance, Grasim, BHEL, Tata Power, Satyam, RPL, TCS, Bharti Airtel (all down over 1%) and Ranbaxy (marginally down)

India’s Realty and Property Development major DLF is seeking the nod from the shareholders to raise about Rs 10,000 crore from institutional investors. The company plans to raise this money in the next 12 months. The funds would be used for its own use as well as that of DLF Assets.

DLF is trading at Rs 486 levels on the NSE. Its 52-week high is at 1225 while 52-week low is 350.

The BSE Realty index is down over 70 points so far. Top losers in the Realty index include Indiabulls Realestates, Mahindralife, DLF, HdFC, Akruti City while the gainers pack is lead by Anant Raj which is up 4.9%

1 U.S. dollar = 43.7292286 Indian rupees
1 U.S. dollar = 109.48106 Japanese yen
1 U.S. dollar = 0.683200109 Euros
1 Ounce Gold = $826.40
1 Barrel Crude Oil = $116.77

Entry Filed under: Equity Markets, Real Estate & Construction