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Wednesday, May 4, 2011

Nifty ends in red; auto, tech, metals down

Indian markets ended in the red after briefly moving into positive terrain. Gains in oil&gas, FMCG and capital goods were offset by losses in auto, technology and metals space.

National Stock Exchange’s Nifty ended at 5537.30, down 27.95 points or 0.50 per cent. The broader index touched a high of 5578.80 and low of 5503 intraday.

Bombay Stock Exchange’s Sensex closed at 18469.36, down 65.33 points or 0.35 per cent. The 30-share recovered from intraday low of 18339.53 and high of 18604.36.

BSE Midcap Index was down 0.45 per cent and BSE Smallcap Index moved 0.54 per cent lower.

Amongst the sectoral indices, BSE Auto Index was down 1.33 per cent, BSE IT Index moved 1.08 per cent lower and BSE Metal Index slipped 1.05 per cent. BSE Oil&gas Index was up 1.2 per cent and BSE FMCG gained 0.36 per cent.

ACC (-6.20%), Ambuja Cement (-5.61%), Bajaj Auto (-4.91%), Dr Reddy’s Laboratories (-4.64%) and Grasim (-4.57%) and were the top losers.

ONGC (5.73%), BPCL (4.18%), Punjab National Bank (3.47%), HDFC Bank (1.76%) and Ranbaxy Laboratories (1.62%) were the major Sensex gainers.

Market breadth was negative on the NSE with 1687 declines against 1110 advances.

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