Nifty closes below 4600; realty, auto, IT, FMCG slip
14 Aug 2009
It was a rangebound session for the market. The benchmark indices closed weak. The Nifty traded in a narrow range of 4550- 4600 throughout the day and ended below the 4600 mark. Selling was seen in realty, FMCG, IT, auto, pharma, bank and power stocks. However, buying was seen in oil & gas stocks like ONGC, Reliance, GAIL and Cairn India.
The Sensex was down 106.86 points or 0.69% at 15411.63. It has touched an intra day high of 15,535.47 and an intra day low of 15,367.61.
The Nifty was down 24.95 points or 0.54% at 4580.05. It has touched an intra day high of 4619 and an intra day low of 4559.35.
The market breadth was postive, about 1501 shares advanced, 1314 shares declined, and 363 shares were unchanged.
Top gainers on the bourses were ONGC at Rs 1,220.20 up 4.79%, Cairn India at Rs 249.60 up 3.46%, GAIL at Rs 342.90 up 3.42%, BPCL at Rs 522.45 up 2.02%, Tata Comm at Rs 502.35 up 1.93%, Reliance Infra at Rs 1,185.50 1.49%, Reliance at Rs 2,034.30 up 0.54%, Sterlite Ind at Rs 662.35 up 0.34% and HDFC Bank at Rs 1,426.85 up 0.13%.
Oil & Gas stocks traded strongly during today's trading session. Stocks like ONGC, HPCL, GAIL, Cairn India and IOC were up 3-5%