BSE Sensex tumbles for fourth consecutive day, closes down 259 points
BSE Sensex falls marginally ahead of national budgetThe day's biggest gainer was Tata Steel, rising 2.51 percent to Rs.845.65.
Telecom major Bharti Airtel ended its losing streak, recovering Thursday and ended up 1.45 percent to Rs.827.60.
Cement manufacturers ACC and Ambuja Cements advanced 0.82 percent and 0.22 percent to Rs.743.25 and Rs.111.40 respectively.
Other stocks to end up were Ranbaxy Laboratories (up 0.80 percent to Rs.470.05), Mahindra & Mahindra (up 0.73 percent to Rs.678.75), Reliance Communications (up 0.50 percent to Rs.542.95) and Hindalco (up 0.17 percent to Rs.180.05)
Except for Metal which ended up 0.19 percent, all the sectoral indices ended lower in a range of 0.01-2.90 percent.
The BSE Midcap and Smallcap indices continued their downward run, closing 0.67 percent and 0.44 percent down at 7153.43 and 8689.04 respectively.
The BSE market breadth was overall negative as 1593 shares declined, 1102 shares advanced and 51 shares remained unchanged.
The broader 50-share S&P CNX Nifty index of the National Stock Exchange (NSE) plunged 1.05 percent or 53.80 points to close at 5,081.70. The index touched a high of 5143.05 and a low of 5062.45 during intraday trade.
According to market traders, most big companies had reported their fiscal earnings and local investors were looking towards foreign markets for guidance.
"Almost all the big companies have reported results barring 3-4 and when there is no local trigger, we are tracking foreign markets," said Prakash Rajdev, chief dealer, Khandwala Securities.
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- 1 Wipro's FY09 Q1 net profit rises 25 percent, cautious on outlook
- 2 UltraTech's net profit up 2 percent in FY09 Q1, warns of "surplus scenario" in future
- 3 Satyam's FY09 Q1 net profit rises 45 percent on new orders, weaker rupee
- 4 Biocon teams up with Abraxis BioScience, launches breast cancer drug Abraxane in India
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- 6 No annexures, TDS or TCS certificates required for filing I-T returns: CBDT
- 7 Maytas Properties launches "walk to work" IT-ITeS SEZ in Hyderabad
- 1 Financial stocks help BSE Sensex surge 524 points
- 2 India's inflation rate rises marginally to 11.91 percent, prices seen stabilizing
- 3 BSE Sensex jumps 536 points to close above 13K as global crude oil prices, inflation seen moderating
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