Thursday, March 27, 2008

Sensex dips 193.74 pts, European markets open flat

The 30-share BSE Sensex continues to trade in the negative terrain as intense selling pressure being witnessed across board. Realty and Metal stocks traded in positive while Banking, Power and IT lost ground.

The Sensex is currently trading at 15,893.09, down 193.74 points, or 1.2%, while NSE Nifty is trading at 4803.35, down 26.9 points, or 0.53% (12.03 p.m.).

Out of the total 2,531 stocks traded, 1,168 advanced, 1,295 declined, while 68 remained unchanged.

Among the sectoral indices, BSE Realty rose 0.37%, BSE Metal rose 0.33%, while BSE Bankex declined 1.55%, BSE Power dipped 0.27%, BSE Auto declined 1.63% and BSE IT shed 2.39%.

Gainers at the BSE Sensex, were Hindalco, which surged 5.38% to Rs 170.50, ITC, rose 2.02% to Rs 199.05 and Cipla moved up 1.80% to Rs 209.35. Ambuja Cement, ACC, HUL, ONGC and Bharti Airtel also gained.

Laggards at the BSE Sensex include Tata Motors, which plunged 5.84% to Rs 639.75, Satyam dropped 3.75% to Rs 397.50 and Infosys fell over 2% to Rs 1458.45 . REL, TCS, RComm, HDFC Bank, L&T, RIL, SBI and ICICI Bank also slipped.

European markets on Thursday opened flat lacking clear direction.

Asian markets were trading down on concerns of the US economy and credit market-related losses. US stocks also fell yesterday for the first time in four days.

UK`s benchmark index, FTSE 100 fell 5 points, or 0.09%, to trade at 5,655.40.

French benchmark index, CAC 40 gained 12.68 points, or 0.27%, to trade at 4,689.36.

Germany`s benchmark index, DAX was down 4.75 points, or 0.07%, to trade at 6,484.51. (2.00 pm, IST)

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