Nifty ends below 4850; auto,bank,oil & gas plunge

29 May 2008

Markets closed in red after a good morning start. During the day's trade, it was trading almost volatile and suddenly slipped before the last half hour, as trade wound up. The BSE auto index has underperformed the other sectoral indices; it closed down over 3%. Bank, oil & gas, power realty, consumer durable & FMCG indices were witnessing selling pressure.

However, capital goods index closed with good gains; this sectoral was led by Larsen & Toubro as it came out with good financial numbers.

The Sensex closed down 209.11 points or 1.27% at 16316.26, and the Nifty was down 83.05 points or 1.69% at 4835.30.

About 1230 shares have advanced, 1670 shares declined, and 210 shares are unchanged.

The BSE midcap index down 0.17% and smallcap index down 0.68%.

The BSE auto index tumbled 3.24% or 147.69% at 4414.34.Tata Motors, Mahidra and Mahindra, Hindustan Motors, Hero Honda, TVS Motors closed down.