Equities bounced back from intraday lows but ended in the red Friday on fears of financial crisis in Dubai. The decline was led by losses in IT, capital goods and metals space
National Stock Exchange’s Nifty ended at 4942.40, down 63.15 points or 1.26 per cent. The index touched an intraday low of 4806.70 and high of 5005.05.
Bombay Stock Exchange’s Sensex closed at 16,647, down 207.93 points or 1.23 per cent. The 30-share index hit a low of 16210.44 and high of 16718.80.
BSE Midcap Index was down 1.31 per cent and BSE Smallcap Index declined 2.12 per cent.
Amongst the sectoral indices, BSE IT Index was down 2.38 per cent, BSE Capital Goods Index fell 1.71 per cent and BSE Metals Index slipped 1.44 per cent.
Nifty gainers comprised Suzlon (7.32%), Ranbaxy Laboratories (2.87%), Unitech (2.59%), BPCL (2.22%) and GAIL (1.17%).
Among Nifty losers, Siemens (-5.65%), IDFC (-4.06%), Axis Bank (-3.42%), Ambuja Cements (-2.99%) and JP Associates (-2.87%) were the worst hit.
Market breadth on BSE was extremely negative with 2003 declines against 740 advances.
Source : Economic Times
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