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Wednesday, December 22, 2010

Sensex in red; Reliance, Maruti, HDFC Bank down

Indian markets slipped in the negative territory as traders booked profits following a weak start of European peers. Oil&gas, capital goods and bankex were under pressure while metals and FMCG stocks showed some resistance.

At 2:45 pm: Bombay Stock Exchange’s Sensex was at 19994.74, down 65.58 points or 0.33 per cent. The index touched a high of 20151.25 and low of 19931.31 intraday.

National Stock Exchange’s Nifty was at 5976.10, down 24.55 points or 0.41 per cent. The index touched a high of 6023.80 and low of 5958 in trade so far.

BSE Midcap Index was down 0.03 per cent and BSE Smallcap Index edged 0.12 per cent higher.

Amongst the sectoral indices, BSE Oil&gas Index was down 0.79 per cent, BSE Capital Goods Index slipped 0.69 per cent and BSE Bankex declined 0.60 per cent. BSE Metal Index was up 0.56 per cent and BSE FMCG Index moved up 0.09 per cent.

Bharti Airtel (2.96%), Sterlite Industries (1.76%), Hindalco (1.71%), Jindal Steel (1.56%) and Reliance Communications (1.02%) were the top Sensex gainers.

Losers included Maruti (-2.27%), Reliance Industries (-1.61%), Hero Honda (-1.60%), HDFC Bank (-1.57%) and Reliance Infrastructure (-1.47%).

Market breadth was flat on the BSE with 1460 advances against 1445 declines.

European markets were also witnessing a sluggish session. FTSE 100 was down 0.10 per cent, CAC 40 moved 0.12 per cent lower and DAX slipped 0.04 per cent.

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