Market ends weak: Cap goods, IT, metal stocks down

08 April 2008

The markets ended in red with moderate losses as selling pressure was seen in capital goods, FMCG, IT, oil stocks. Broader markets ended marginally in green with both midcap and smallcap up 0.5%. On the global front, most Asian markets ended lower.

Wirpro, L&T, JP Associates were among the top laggards. SAIL, Grasim, Bharti Airtel, Tata Communications are among the tother losers.

Orchid Chem was up over 15%,JB Chemicals has approved a buyback upto 7% and the stocks was up , Glenmark was among active stocks and is up over 6%.

Among the top gainers were BHEL, DLF, SBI, ICICI Bank, HDFC Bank and Sterlite Industries.

Sensex closed down 169.46 points or 1.08% at 15587.62, and the Nifty down 51.55 points or 1.08% at 4709.65.

About 1395 shares have advanced, 1209 shares declined, and 468 shares are unchanged.