NIFTY ENDS BELOW 4850 ON WEAK GLOBAL CUES

February 4th, 2010 by Indian Fox

BSE BUILDINGMUMBAI: Equities ended near day’s lows Thursday as profit booking in the European markets spooked confidence. All the sectoral indices ended in the red with realty, metals and IT stocks leading the downfall.

National Stock Exchange’s Nifty ended at 4846.85, down 85 points or 1.72 per cent. It touched intraday low of 4832.35 and high of 4931.30.

Bombay Stock Exchange’s Sensex closed at 16243.36, down 252.69 points or 1.53 per cent. The index touched a low of 16192.37 and high of 16508.22 in today’s trade.

BSE Midcap Index was down 1.97 per cent and BSE Smallcap Index slipped 1.54 per cent.

Amongst the sectoral indices, BSE Realty Index was down 3.98 per cent, BSE Metal Index slipped 3.53 per cent and BSE IT Index fell 2.26 per cent. BSE FMCG Index was down 0.23 per cent and BSE PSU Index moved 0.74 per cent lower.

Hindalco Industries (-5.28%), Suzlon Energy (-5.05%), JP Associates (-4.4%), Tata Motors (-4.27%) and Unitech (-4.22%) were the worst hit in the Nifty pack.

GAIL (3.55%), ONGC (0.45%), ITC (0.3%), BPCL (0.27%) eked out modest gains.

Market breadth was negative on the BSE with 1986 declines and 838 declines.

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