MUMBAI: Indian equities put a brave face on Friday and recovered from lows as traders covered shorts in realty stocks. However, losses in metals and real estate stocks saw benchmarks end lower.
National Stock Exchange’s Nifty met a stiff resistance near 2900 levels. It ended at 2868.40, down 52 points or 1.78 per cent. The broader index hit an intra-day low of 2810.25 and high of 2929.85.
Bombay Stock Exchange’s Sensex closed at 9390.13, down 195.75 points or 2.05 per cent. It touched a low of 9,250.82 and high of 9630.40 in day’s trade.
BSE Midcap Index ended 2.31 per cent lower and BSE Smallcap Index declined 2.79 per cent.
Satyam Computers (-42.68%), Reliance Communications (-9.44%), Tata Steel (-9.31%), Sterlite Industries (-8.86%) and Ranbaxy Laboratories (-8.32%) were the top Sensex losers.
TCS (6.81%), Hindustan Unilever (4.81%), NTPC (3.68%), Maruti Suzuki (3.20%) and Mahindra & Mahindra (2.78%) were amongst the Sensex gainers.
Market breadth was negative on the BSE with 1873 losers and 584 gainers.
(All figures are provisional)
Source: http://timesofindia.indiatimes.com/Business/Nifty_struggles_to_cross_2900/articleshow/3956042.cms
National Stock Exchange’s Nifty met a stiff resistance near 2900 levels. It ended at 2868.40, down 52 points or 1.78 per cent. The broader index hit an intra-day low of 2810.25 and high of 2929.85.
Bombay Stock Exchange’s Sensex closed at 9390.13, down 195.75 points or 2.05 per cent. It touched a low of 9,250.82 and high of 9630.40 in day’s trade.
BSE Midcap Index ended 2.31 per cent lower and BSE Smallcap Index declined 2.79 per cent.
Satyam Computers (-42.68%), Reliance Communications (-9.44%), Tata Steel (-9.31%), Sterlite Industries (-8.86%) and Ranbaxy Laboratories (-8.32%) were the top Sensex losers.
TCS (6.81%), Hindustan Unilever (4.81%), NTPC (3.68%), Maruti Suzuki (3.20%) and Mahindra & Mahindra (2.78%) were amongst the Sensex gainers.
Market breadth was negative on the BSE with 1873 losers and 584 gainers.
(All figures are provisional)
Source: http://timesofindia.indiatimes.com/Business/Nifty_struggles_to_cross_2900/articleshow/3956042.cms
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