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Markets close in red again
Published on Wed, Mar 07, 2007 at 18:09, Updated on Wed, Jun 20, 2007 at 08:46 in 
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Mumbai: The markets ended in red but off day's low on account of buying support from select index pivotals. Sensex showed a recovery of over 200 points after slipping below 12,400 levels. Nifty ended the day above 3,600 levels. Cement, IT and metal were among the top losers.
The Sensex closed at 12,579.75, down 0.92% or 117.34 points. It touched an intra-day high of Rs 12,902 and low of Rs 12,390. The Nifty touched an intra-day high of 3,714 and low of Rs 3,568. It ended down 0.79% or 29 points at 3,626.85. The CNX Midcap lost 2.26% to end at 4,525.65.
The BSE Small Cap finished at 6,088, down 2.74% and Midcap at 5,114, down 2.01%. About 546 shares advanced, 1939 shares declined, and 40 shares remained unchanged.
Top gainers on the bourses were Cipla, Reliance Communications, Dr Reddy's Labs, Tata Motors, M&M, Suzlon Energy and GSK Pharma while Gujarat Ambuja Cements, ACC, Wipro, Ranbaxy Labs, HPCL and SAIL losers.
The BSE Auto Index ended in the green with 0.38% gain at 4,796.83 amid buying in M&M, Tata Motors, Apollo Tyres and Hero Honda. The BSE Bankex slumped 2.56% at 6,190.67 as banking stocks like Bank of Baroda, Union Bank, Bank of India, Canara Bank, UTI Bank, ICICI Bank, SBI, Allahabad Bank and HDFC Bank gained.
Capital goods stocks including Gammon India, BEML, Bharat Elec, Thermax, ABB, Dredging Corp, Alstom Projects, Crompton Greaves, Siemens and KEC Infrastructres witnessed selling pressure. The BSE Capital Goods Index closed at 8,353.98, down 0.17%.
FMCG is another Index, which also finished in red at Rs 1,664.05, down 2.09%. FMCG stocks like United Spirits, Britannia, Colgate, Shaw Wallace, ITC, Nirma and HLL lost ground.
The BSE Healthcare Index ended with marginal gain of 0.11% at 3,371.13 due to gain in Cipla, Biocon, GSK Pharma, Dr Reddy's Labs, Wockhardt and Cadila Health.
Technology stocks were the biggest losers during the day as it fell more than 2.5%. But because of some buying at lower levels it recovered some losses and ended down 1.36% at 4,894.70 on the back of selling in HCL Info, Wipro, Patni Computer, Moser Baer, Mphasis, i-flex Solution and Infosys.
The BSE Metal Index lost nearly 3% at 7,776.16 on the back of selling in Jindal Steel, JSW Steel, SAIL, Sesa Goa, Mah Seamless, Sterlite Ind, Hindalco and Jindal Stainless.
Oil stocks like HPCL, MRPL, BPCL, Chennai Petro, Reliance Natural, Reliance, ONGC and IOC slipped. The BSE Oil & Gas Index finished at 6,018.78, down 0.80%.
Total turnover recorded on the boureses were Rs 49444.63 crore which includes Rs 8876.02 crore from the NSE cash segment, Rs 36255.44 crore from NSE F&O segment and Rs 4313 crore from BSE cash segment.
FIIs were the net sellers of USD 128.7 million in equity and domestic mutual funds also net sellers of Rs 16.62 crore on March 6.
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