ibnlive » Business

Jun 17, 2007 at 07:30am IST

Market ends with marginal loss

New Delhi: The markets ended in the negative territory with marginal losses tracking its Asian peers. Sell off was seen in Asia on account of rate hike concerns in China.

The Shanghai Composit ended down 4.5 per cent due to signals of overheating in the economy with Chineses GDP numbers coming in ahead of analyst expectations, which may lead to tightening in rates.

Sensex closed down 52.49 points or 0.38 per cent at 13619.7, and the Nifty down 13.95 points or 0.35 per cent at 3997.65.

MORNING BLUE: Sensex plunges by over 227 points in early trade on Thursday.

About 1119 shares have advanced, 1343 shares declined, and 83 shares are unchanged.

Indian markets showed relative strength and showed remarkable recovery from the day's low and ended the day with moderate losses outperforming the other Asian markets.

Nikkie was down over 1.5 per cent and Hang Seng down nearly 2.5 per cent. The European markets also opened in red.

The markets picked up momentum in last hour of trade and the Nifty breached the 4,000 mark. The smallcap and midcap ended absolutely flat.

Heavyweights like SBI, ITC and Reliance provided support at the lower levels. Select stocks from auto, IT, metal and oil & gas sector were among the losers.

The new listing Advanta listed with a bang and ended with a premium of 33 per cent.

The BSE Midcap Index ended flat at 5,652.08. The BSE Smallcap Index ended flat at 6,905.29.

The BSE Bankex was up 0.6 per cent at 6,848.85. Andhra Bank, SBI, PNB, HDFC Bank and ICICI Bank moved upwards.

The BSE Capital Goods Index was up 0.3 per cent at 9,654.29. SKF India, ABB, Ingersoll Rand, Bharat Elec and Alstom Projects closed higher.

The NSE cash turnover was at Rs 8184.03 crore and the NSE F&O turnover was at Rs 33551.05 crore.

The BSE cash turnover was Rs 4158.52 crore. Total market wide turnover was at Rs 45893.6 crore.

(With inputs from moneycontrol.com)