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Markets slips on heavy selling; DLF down 4.2%

August 27th, 2008

Wednesday, August 27, 2008 2:56:30 PM IST

Selling pressure is back to the markets as the indices began to fall touching new intraday lows.

The flat-trading trend is now no more as the Nifty is now down 0.88%. CNX IT is down 0.31% while Bank Nifty is down 1.40%

DLF is down 4.23% on the Nifty. Other major losers include Reliance Infra, Reliance Communications, ICICI Bank, Tata Motors, HDFC, Unitech (all down over 2%), BHEL, Tata Power and HDFC Bank (all down over 1%)

On the Nifty gainers list are Dr. Reddy (up over 3.0%), SAIL, GAIL, Hindalco, Hero Honda, Idea (all up over 1%), Tata Steel, Sterlite, Infosys, ABB (marginally in the green)

The Sensex is now down 1.08% and is at 14325 levels. Midcap and Smallcap indices too slipped into the red. All sectoral indices on the BSE are now in the red, Realty down by 3.38 being the worst hit.

1 U.S. dollar = 43.5312 Indian Rupees
1 U.S. dollar = 108.9680 Japanese Yens
1 U.S. dollar = 0.6809 Euros
1 Ounce Gold = $833.40
1 Barrel Crude Oil = $117.15

Entry Filed under: Equity Markets