India`s benchmark index, Sensex opened at 20,498.11 and later slipped into the negative on back of selling activity in frontliners and global cues. The index proceeded to trade in the negative throughout the day. Profit booking was seen across board.
Consequently, the index fell further and touched an intraday low of 20.065.63, to finally wrap the day on a weak note.
All sectors traded in negative except FMCG.
BSE Sensex closed with a loss of 271.48 points, or 1.33%, at 20,104.39, while the broad-based NSE Nifty closed at 6,058.10, down 101.2 points, or 1.64%.
The BSE Midcap gained 0.39% while BSE Small cap rose 1.03%.
Out of the total 2,928 stocks traded at the BSE, 1,842 advanced, 1,060 declined, while 26 remained unchanged.
Amongst the sectoral indices, FMGC rose 1.93%, while Capital goods declined 1.21%, Power dipped 1.55%, Realty shed 1.11%, Bankex dropped 1.85% and IT declined 1.59%.
Global Markets
Asian markets declined on Thursday (Nov. 13, 2007), led by Mitsubishi UFJ Financial Group, on renewed credit concern after the U.S. Federal Reserve announced a coordinated effort with European Central Bank, Bank of England, Bank of Canada and Swiss National Bank, to control the credit problem, raising concern that the global credit market condition is deteriorating.
Movers and Shakers
Gainers at the BSE Sensex include ITC, which rose 4.12% to close at Rs 196.90 , followed by Tata Steel, which rose 2.89% to Rs 889.40 and Cipla rose 2.10% to finish at Rs 203.75. Hindalco, Bajaj Auto, HDFC, Ranbaxy, M&M and HUL also moved up.
Laggards at the BSE Sensex were Bharti Airtel, which declined 6.24% to close at Rs 987.80, ICICI Bank declined 3.70% to Rs 1242.50 and Maruti declined 3.45% to Rs 1038.35. Satyam, ONGC, BHEL, NTPC, Ambuja Cement and SBI also slipped.
Top Volumes
Ispat Industries topped the volume chart with 47,721,822 shares followed by Spice Telecom with 15,060,759 shares and Reliance Petroleum with 6,953,630 shares.
Top Turnover
Ispat Industries topped the turnover chart with Rs 3,655.8 million, followed by Lanco Infra with Rs 1,992.2 million.
New Listing
Shares of realty major in Pune, Kolte Patil Developers (KPDL) after listing on bourses today, settled with 24.24% premium on the National Stock Exchange (NSE).
It opened at a premium of Rs 85, or 58.62%, at Rs 230 as compared with the issue price of Rs 145 a share. It touched a high of Rs 230 and a low of Rs 176. They finally closed with a premium of Rs 35.15, or 24.24% at Rs 180.15. Total volume of shares traded were 16,752,612, while the total turnover was Rs 3,143.46 million.
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