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Sensex closes 66 points down at 18436

July 21st, 2011

The Sensex opened at 18514, touched the high/low at 18566 and 18415 to close the day at 18436. Realty, Consumer Durables and Banking stocks lost the most.

The Nifty lost 25.45 points to close at 5541.60. Nifty Junior lost 1%. CNX 100 lost 0.56%, CNX 500 lost 0.50% in trades today.

Big volume shockers on the BSE today include DB Corp, Network 18Media, Mindtree, Page Industries, Ruby Mills, CRISIL amongst others. Turnover toppers of the day include Crompton Greaves which recovered today after two disastrous sessions where it lost about 30% of the stock value. Others in the list of top turnovers include SBI, Petronet LNG, Hero Honda, IRB Infra, LIC Housing Finance, SKS Microfinance amongst others.

Meanwhile, one significant news piece of yesterday is that Rakesh Jhunjhunwala, one of the largest Indian retail investor has almost halved his investment in Lupin, a leading pharmaceutical company. This was reported by the company in its updates to the stock exchanges. A quick poll on a leading financial website showed that Jhunjhunwala selling a part of his investment impacts the sentiments of the small retail investors in the script. Meanwhile, the script was down a little in the two days of trade. It closed at Rs. 446.95 on the BSE down by Rs. 14.60.

As of quater ending June 2011, Life Insurance Corporation of India holds 4.45%, Genesis Indian Investment Co Ltd holds 3.81%, ICICI Prudential Life Insurance Company Ltd holds 2.98%, HDFC Trustee Company Ltd holds 1.8%, Jhunjhunwala Rakesh Radheshyam holds 1.73%, Reliance Capital Trustee Co Ltd holds 1.68%, Government Pension Fund Global holds 1.46%, HSBC Global Investment Funds 1.23%, HDFC Standard Life Insurance Company Ltd 1.07% and DSP Blackrock Funds 1.02%

Entry Filed under: Equity Markets, BSE, NSE, Closing Bell, Pharmaceuticals