Market: Indices

24 May 2007

Steel stocks were under pressure leading the downtrend was Tata Steel. The Steel Mininstry has said that there is no question of steel prices rising as of now.

Bank stocks ended in red on fears of hike in the CRR going ahead.

Advanta India, Matrix, Arihant, NIIT Tech, Divis Labs, Timken and Deccan Aviation were the stocks that performed better in the broader space. Even media stocks like Balaji, UTV, Sun TV, Raj TV closed higher.

Sensex was down 145.15 points or 1.01% at 14218.11, and the Nifty down 41.30 points or 0.97% at 4204.9.

About 996 shares have advanced, 1513 shares declined, and 87 shares are unchanged.

Top gainers on the indices were NTPC, HLL, Satyam, ABB, Reliance Petro, HCL Tech and Tata Motors.