Stock markets take range bound volatile session
June 13th, 2008
The summary of todays trade can be said in just four words - range bound yet volatile. The Nifty closed the at 4517.10 down 0.49%. The CNX 100 is marginally down at 0.30%. CNX IT is up 0.51% while Bank Nifty is down by 0.10%
The BSE Sensex opened at 15,327.10 touched a intraday high of 15,337.10 and intraday low of 15,135.81 and last traded at 15,250.20. The Sensex lost 60.58 points or 0.40%. The Midcap and Smallcap indices however showed little buying interest and closed in the green. Amongst the sectoral indices, Consumer Durables and Health care closed up over 1% while inflation impact sectors such as Realty, Metal and FMCG closed in the red.
Inflation numbers that touched new highs are to be blamed for the volatility in todays trade.
Top gainers of the day include Ranbaxy which zoomed by over 4% after market rumours that Pfizer is eyeing on the non-promoter stake of Ranbaxy. Dr. Reddy, BHEL are both up 3% respectively. ICICI Bank, NALCO, TCS, Zee Limited are up by over 2% while Tata Motors, GAIL and ONGC are up over a percentage.
1 U.S. dollar = 41.4404708 Indian rupees
Entry Filed under: Equities
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