Wednesday, December 22, 2010

Nifty slips into red; Trading below 6000 mark

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At 2:23 pm (IST), the BSE Sensex was at 20,060, down 106 points over the previous close. It had earlier touched a day's high of 20,151 and a day's low of 19,936. It had opened at 20,118. The NSE Nifty was down 36 points at 5963 after touching a day's high of 6,019 and a day's low of 5960. It had opened at 6,019.

After holding in a narrow trading range for most part of the day, the key Indian stock indices have slipped into the negative territory in mid-afternoon trade. The BSE Sensex and the NSE Nifty are trading near the lowest point of the day.

The broader market too has witnessed selling pressure at higher levels with the BSE Mid-Cap index falling into red. The BSE Small-Cap index is barely holding on to slim gains.

In global action, markets in Asia finished mixed. Benchmarks in Japan ended marginally down while that in China fell by nearly 1%. Stock indices in Hong Kong and Australia rose slightly. European markets were trading more or less flat.

The BSE Small-Cap index was up 0.15% while and the BSE Mid-Cap index was down 0.09%.

Bharti Airtel, Jindal Steel, M&M, Sterlite, Tata Power, NTPC, Ranbaxy, Jindal Steel, Power Grid and ONGC were the top gainers in the two main indices

Maruti, Cipla, Hero Honda, Reliance Infra, Wipro, Suzlon ,IDFC and HCL Tech were the biggest losers in the Sensex and the Nifty.


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