Market ends with modest loss; Oil & gas, IT gain

07 May 2008

Markets have made smart recovery from its day's lows, but closed in red. Capital goods, realty and banking indices witness selling pressure. The BSE midcap and smallcap indices are also closed in red. However, IT, oil & gas and FMCG stocks closed with marginal gain. Technology stocks traded strong throughout the day's trade as rupee continue to depreciate, but ended with bit gain.

The Sensex closed down 33.70 points or 0.19% at 17339.31, and the Nifty was down 9.15 points or 0.18% at 5135.50.

About 1258 shares have advanced, 1631 shares declined, and 197 shares are unchanged.

The BSE capital goods index was down 2.31% or 312.93 points at 13641. Bharat Electronics, BHEL, BEML, Larsen, Punj Lloyd, ABB fell.

The BSE realty index was down 1.55% or 129.45 points at 8207.58. Indiabulls Real, DLF, Parsvnath, HDIL, Sobha Developer, Unitech slipped.

The BSE bankex was down 0.79% or 71.79 points at 9016.91. Axis Bank, Bank of India, Kotak Mahindra, Bank of Baroda, ICICI Bank, Karnataka Bank closed down.