|
| Markets slip on profit-taking in IT stocks |
| BS Reporter / Mumbai Jul 21, 2009, 16:24 IST |
|
 The NSE Nifty today opened flat at 4,501, and touched a high of 4,524 before slipping into the negative zone. Post-noon trades, the index slipped deeper into red to a low of 4,436 - down 88 points from the day's high owing to profit-taking in IT stocks.
The Nifty, however, recovered partially towards the close and finally ended at 4,469, down 33 points.
Following yesterday's spectacular 16% gains, TCS today slipped 5% to Rs 475 owing to profit-taking. Suzlon dropped 4% to Rs 91.
Mahindra & Mahindra and GAIL declined around 3% each to Rs 771 and Rs 328, respectively. ITC, BHEL and Tata Power were down 3% each at Rs 218, Rs 2,207 and Rs 1,117, respectively.
Tata Steel soared 5% to Rs 410. Jindal Steel advanced 4% to Rs 2,780. Maruti was up 2.5% at Rs 1,240. Sun Pharma, Larsen & Toubro and Grasim were the other marginal gainers.
Meanwhile, the BSE Sensex finally ended at 15,062, down 128 points. The BSE IT and Power indices dropped around 2% each to 3,694 and 2,829, respectively, while the Metal index increased 1% at 11,512.
The market breadth was marginally negative - out of 2,718 stocks traded on the BSE, 1,343 declined and 1,289 advanced today.
VALUE & VOLUME TOPPERS ON BSE, NSE
Tata Steel topped the combined value chart on both the indices at Rs 1,430 crore. It was followed by Unitech (Rs 958 crore), ICICI Bank (Rs 820 crore), Reliance (Rs 773.64 crore) and Suzlon (Rs 592 crore).
Unitech led the volumes chart with trades of 117 million. It was followed Mahindra Satyam (77 million), Ispat (89 million), IFCI (73.6 million) and Suzlon (64.49 million) shares .
|
|
|
|
|
|
|
|
|
|
 Read Business news in |  |
|
|
|
|
|
|
Advertisements |
|
|
|
|
|
|
|
|
|
|
Content Guide
