Markets end in deep red
1-Jan-1970

The markets ended deep red today on account of heavy selling in scrips across sectors. Biggest single-day loss for Sensex and Nifty in last two months.

The Sensex closed at 11,550.69 down 368 points. The Nifty lost 105 points to close at 3366. The BSE Small Cap Index lost 3.4% to close at 5,829.30. The BSE Midcap Index lost 3.4% to close at 4,871.46. All the BSE sectoral indices closed in the negative terrain. Total market turnover was at Rs 39504.98 crore.

The BSE Metal Index down 5.7% at 8,137.41. Selling pressure was seen in Hind Zinc, Jindal Steel, Nalco and Tata Steel witnessed heavy selling. The BSE Auto Index lost 3.67% at 5,016.08. TVS Motor, Cummins and Tata Motors slipped on the bourses.

The BSE Capital Goods Index was lost 3.4% at 7,807.56. Gammon India, Bharat Elec and HEG closed lower. The BSE Bankex was down 2.55% at 5,225.37. IOB, Canara Bank, Union Bank and Bank of India lost.

The BSE Oil and Gas Index lost 2.7% at 5,589.59. Chennai Petro, MRPL, Reliance, GAIL and Petronet LNG slipped. The BSE FMCG lost 4% to close at 1,956.36. Tata Tea, HLL, Dabur India and Colgate closed in negative terrain.

The BSE Health Care Index lost 3.8% to close at 3,495.27. Orchid Chemical, Aurobindo Pharma, Nicholas Pirama, Wockhardt and Apollo Hospital closed were among the losers. The BSE IT Index lost 3.2% to close at 4,138.27. HCL Info, TCS, Infosys and Hexaware Tech are among the losers.





Source: Andhra Cafe, New Delhi, September 11, 2006
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