Morgan Stanley
India | Sunday, 7 September 2008
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BSE Sensex slips 34 points, investors wary

By Ruchi Sharma
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Posted 07 May 2008 @ 11:41 pm GMT

A stockbroker reacts while trading at a brokerage firm in Mumbai, India
A stockbroker reacts while trading at a brokerage firm in Mumbai, India. The Bombay Stock Exchange (BSE) Sensex continued its bearish run for the third day in a row, slipping 0.19 percent.

Other stocks to end in the red were Satyam Computer Services (down 1.56 percent to Rs.489.30), NTPC (down 0.66 percent to Rs.194.65), Reliance Communications (down 0.56 percent to Rs.540.25), ACC (down 0.53 percent to Rs.737.20), Reliance Infrastructure (down 0.42 percent to Rs.1436.20), ONGC (down 0.39 percent to Rs.1039.65), Tata Motors (down 0.30 percent to Rs.679.75) and Ambuja Cements (down 0.22 percent to Rs.111.15).

The top gainer of the day was Tata Consultancy Services, which ended up 3.02 percent at Rs.966.20.

Auto major Mahindra & Mahindra and Maruti Suzuki advanced 1.48 percent and 1.02 percent to Rs.673.85 and Rs.774.75 respectively.

IT majors Infosys Technologies and Wipro gained 1.26 percent and 0.14 percent to Rs.1843.20 and Rs.499.15 respectively.

Top listed petrochemical refiner Reliance Industries (RIL) climbed 1.05 percent to Rs.2682.35.

Among financial stocks, State Bank of India, Housing Development Finance Corporation and HDFC Bank rose 0.69 percent, 0.39 percent and 0.20 percent to Rs.1768.25, Rs.2728.75 and Rs.1542.95 respectively.

FMCG majors Hindustan Unilever and ITC gained 1.17 percent and 0.91 percent to Rs.251.10 and Rs.226.95 respectively.

Other gainers were Jaiprakash Associates (up 1.07 percent to Rs.274.80) and Tata Steel (up 1.05 percent to Rs.824.95).

Among the sectoral indices, IT, Oil & Gas, FMCG, Auto and Healthcare ended higher. Consumer Goods, PSU and Realty ended down 2.24 percent, 1.65 percent and 1.55 percent respectively. Other counters ended in the red, declining in a range of 0.39-0.99 percent.

The BSE Midcap and Smallcap indiced were down 0.40 percent and 0.25 percent at 7201.57 and 8727.17.

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