MUMBAI: Indian market ended in deep red Friday after concerns of sovereign debts in the Europe sparked sharp sell-off in global equities. The worst hit were high-beta sectors like realty and banks while oil&gas bucked the trend.
Back home, the fall in benchmarks was clipped a bit as investors bought shares of index heavyweight Reliance Industries after the company won the gas dispute case against RNRL.
National Stock Exchange’s Nifty ended at 5030 down 60.85 points or 1.20 per cent. The index touched a high of 5085.65 and low of 4984.60 in today’s trade.
Bombay Stock Exchange’s Sensex closed at 16769.11, down 218.42 points or 1.29 per cent. The index touched intra-day high of 16939.58 and low of 16684.13.
BSE Midcap Index was down 2.45 per cent and BSE Smallcap Index moved 3.04 per cent lower.
Amongst the sectoral indices, BSE Realty Index was down 4.24 per cent, BSE Bankex fell 3.27 per cent and BSE IT Index was down 2.32 per cent. BSE Oil&gas Index was up 0.91 per cent.
Reliance Power (-9.09%), Reliance Infrastructure (-7.60%), Tata Motors (-6.20%), Suzlon Energy (-5.12%) and Unitech (-5.05%) led the Sensex decline.
Reliance Industries (3.49%), HUL (1.70%) and BPCL (1.22%) were the only Nifty gainers.
Shares of Reliance Industries surged while shares of Anil Ambani owned ADAG group tanked after the Supreme Court announced its verdict in the favour of Reliance Industries.
The three-member bench presided by Chief Justice KG Balakrishnan passed the judgment that the Memorandum of Understaning between the Mukesh Ambani and Anil Ambani is not legally binding. The bench has asked the two parties to renegotiate the gas price in next 6 weeks time.
Market breadth was negative on the NSE with 2373 declines against 622 advances.
(All figures are provisional)
ET
Back home, the fall in benchmarks was clipped a bit as investors bought shares of index heavyweight Reliance Industries after the company won the gas dispute case against RNRL.
National Stock Exchange’s Nifty ended at 5030 down 60.85 points or 1.20 per cent. The index touched a high of 5085.65 and low of 4984.60 in today’s trade.
Bombay Stock Exchange’s Sensex closed at 16769.11, down 218.42 points or 1.29 per cent. The index touched intra-day high of 16939.58 and low of 16684.13.
BSE Midcap Index was down 2.45 per cent and BSE Smallcap Index moved 3.04 per cent lower.
Amongst the sectoral indices, BSE Realty Index was down 4.24 per cent, BSE Bankex fell 3.27 per cent and BSE IT Index was down 2.32 per cent. BSE Oil&gas Index was up 0.91 per cent.
Reliance Power (-9.09%), Reliance Infrastructure (-7.60%), Tata Motors (-6.20%), Suzlon Energy (-5.12%) and Unitech (-5.05%) led the Sensex decline.
Reliance Industries (3.49%), HUL (1.70%) and BPCL (1.22%) were the only Nifty gainers.
Shares of Reliance Industries surged while shares of Anil Ambani owned ADAG group tanked after the Supreme Court announced its verdict in the favour of Reliance Industries.
The three-member bench presided by Chief Justice KG Balakrishnan passed the judgment that the Memorandum of Understaning between the Mukesh Ambani and Anil Ambani is not legally binding. The bench has asked the two parties to renegotiate the gas price in next 6 weeks time.
Market breadth was negative on the NSE with 2373 declines against 622 advances.
(All figures are provisional)
ET
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