Indian market pared its initial losses and ended lower after a choppy session.Sensex opened gap down of 151.25 points at 10,828.25 and Nifty opened lower by 40.45 points at 3,336.65. Soon after opening, markets tried to pare losses but fell further as selling witnessed among the rate sensitive stocks ahead of the RBI’s annual credit policy meet.Markets reported some recovery during afternoon trade, which was short-lived as stocks declined further despite RBI’s rate cut.Sensex closed the day down 0.74 percent down 81.39 points to close at 10,898.11.NSE closed the day down 0.35 percent, to settle at 3,365.30.Market breadth remained remained flat as 1288 stocks closed in red while 1226 stocks closed in green and 83 stocks remained unchanged in BSE.BSE Midcap closed lower 0.16 percent down 5.77 points to 3,523.14 and Small Cap indices gained 0.42 percent up 16.83 points to 4,027.98.
Bse Realty index gained 2.27 percent up 49.96 points to 2,249.31.Anant Raj Indust was up 9.97 percent up 7.95 to close at 87.65.HDIL was up 5.17 percent up 6.70 to close at 136.20.Unitech Ltd. was down 3.44 percent down 1.85 to close at 51.90.DLF Ltd. was up 2.84 percent up 6.55 to close at 237.35.
Top Gainers were Welspun Gujarat up 15.60 percent, Rashtriya Chemicals up 9.40 percent,YES Bank Ltd. up 8.20 percent, Voltas Ltd. up 7.68 percent.Top losers were Zee Entertainment down 11.77 percent,Punj Lloyd down 9.14 percent,Tata Steel down 7.06 percent,MphasiS Ltd. down 6.62 percent.
Asian Markets closed lower on Tuesday following cues from U.S. markets with Japan's Nikkei 225 Average down 2.39 percent down 213.42 points at 8,711.33.Hong Kong's Hang Seng Index down 2.95 percent down 465.02 points to 15,285.89.
FTSE 100 index is down 0.15 percent down 5.94 points to 3984.92,Germany's DAX closed up 0.37 percent up 16.68 points to 4502.98,France's CAC 40 gained 0.63 percent up 18.62 points to 2988.02.
Tuesday,21 April 2009
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