Thursday, March 5, 2009

Sensex ends below 8200; ICICI Bank, RIL plunge

5 Mar 2009, 1542 hrs IST,

Indian indices ended towards day’s lows on Thursday as traders booked profits in heavyweights from oil&gas and banking space. Weak European markets did little to boost sentiments.

Bombay Stock Exchange’s Sensex ended at 8185.35, down 261.14 points or 3.09 per cent. The index touched an intra-day low of 8166.97 and high of 8535.03.

National Stock Exchange’s Nifty closed at 2574.60, down 70.70 points or 2.67 per cent. The index touched a low of 2564.10 and high of 2663.90 in today’s trade.

Biggest Sensex gainers were Jaiprakash Associates (2.83%), Sun Pharmaceuticals (1.2%), Tata Consultancy Services (0.53%) and Wipro (0.1%).

Significant losses in Ranbaxy Laboratories (-10.62%), ICICI Bank (-6.26%), Reliance Industries (-5.42%), Tata Power (4.78%) and HDFC Bank (4.63%) dragged the Sensex sharply lower.

Market breadth on BSE showed 1663 declines against 715 advances.

European markets fell Thursday after a rally on Wednesday and ahead of interest rate decisions in Britain and the euro zone. FTSE 100 was down 1.40 per cent, CAC 40 fell 1.35 per cent and DAX declined 1.87 per cent.

(All figures are provisional)

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