Thursday, September 4, 2008

Markets ended lower

Market couldn’t ended choppy session lower Thursday ahead of inflation data and outcome of Nuclear Supply Group meet on Indo-US nuclear deal. 

Bombay Stock Exchange’s Sensex closed at 14,917.86, down 132 points or 0.88 per cent lower. It touched a high of 14,994.15 and low of 14,766.01. 

National Stock Exchange’s Nifty ended at 4453.70, down 50.30 points or 1.12 per cent. 

BSE Midcap Index and BSE Smallcap Index closed 0.13 per cent and 0.11 per cent higher respectively. 

Biggest Sensex gainers were Maruti Suzuki (2.49%), Hindalco Industries (2.35%), Tata Power (1.79%), State Bank of India (1.75%) and Grasim Industries (1.38%). 

Losers comprised Sterlite Industries (-3.39%), HDFC Bank (-2.69%), ONGC (-2.68%), ITC (-2.65%) and Reliance Industries (-2.56%). 

Inflation for week ended August 23 is expected to be 12.44 per cent around at same levels of 12.40 per cent a week ago. 

There were also concerns on prospects of Indo-nuclear deal after US state department told the Congress that the nuclear deal would be off if India conducts a nuclear test. 

Bhartiya Janta Party, opposition party in the parliament has demanded the resignation of the government and is planning a breach of privilege motion against the prime minister. 

Market breadth on BSE turned positive with 1348 advances against 1247 declines. 

(All figures are provisional)

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