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Nifty tests 4400, Markets close day in the red

September 10th, 2008

Wednesday, September 10, 2008 4:14:39 PM IST

Last hours of trade has dragged the indices more deeper into the red over concerns of how the US markets will open later today. Nifty managed to close above 4400 and is down 1.53%

CNX IT is down 0.57% despite the INR depreciating over the US Dollar. Bank Nifty recovered a bit but ended the day down 0.21%. CNX 100 is down 1.46% and CNX 500 is down 1.49%

Top gainers on the Nifty for the day include Zee Limited (up over 3%), National Aluminium (up over 2%), Suzlon, Hero Honda (both up over 1%), ACC, Grasim, GAIL, Infosys, Reliance Power and SBI (all marginally in the green)

Sterlite continues to be hit today after investors began to give mixed responses to the stock split. Sterlite is down 11.78% on the Nifty and last traded at 507.55 levels. SAIL, Tata Steel too are metal stocks that have been hit hard today. Reliance Infra and Tata Power are each down over 3%. Bharti Airtel, BPCL, Reliance, HDFC and Unitech are all down over 2%)

The Sensex closed the day in the red. The index lost 238.15 points in todays trade and is dwon 1.6%. The last value of Sensex today is 14662.61. Midcap and Smallcap stocks too did not support much.

The BSE Metal index is down 5.48%. Oil & Gas, Power, PSU, Realty are the other top sectoral losers of the day.

1 U.S. dollar = 44.8249 Indian Rupees
1 U.S. dollar = 107.2041 Japanese Yens
1 U.S. dollar = 0.7073 Euros
1 Ounce Gold = $773.80
1 Barrel Crude Oil = $103.39

Entry Filed under: Equity Markets, Closing Bell, Metal