Sensex lost 186 points to close at 14,106 and Nifty lost 75 points to close at 4,191

| June 24, 2008 | 0 Comments

Indian bourses witnessed a highly volatile trading session on Tuesday. It was indeed a Tuesday twister, with bulls and bears witnessing an absolute roller coaster ride. After starting off with a positive bias, weak cues from the Asian markets coupled with all round selling pressure dragged the Nifty and the Sensex to hit new 2008-low in the mid-afternoon trades. However, markets staged a V-shaped recovery with stocks like Reliance Industries, HDFC and BHEL aiding support at lower levels.

But thereon bears again attacked towards the end dragging the markets to close at days low and Nifty closing below the 4,000 mark for first time since Aug 24 2007.

All the key Secotral indices also ended in red, the BSE Metal index was the biggest loser, (down 3.5%), other like BSE PSU index (down 2.8%), BSE FMCG index (down 2.5%) and BSE IT index (down 2.1%).

Among the 50-Nifty, 41 stocks ended in negative terrain and only 9 stocks ended in green. Finally, the BSE benchmark Sensex lost 186 points to close at 14,106 and the Nifty index lost 75 points to close at 4,191.

Volume Toppers…
RPL was yet again among the most traded counter on the bourses. Others like, IFCI, Niraj Cement, Ispat Industries, Karuturi Global, RCom, TTML, Indiabulls Real estate and Spice Communication were among the stocks in demand.

Source : india infoline. com

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