Indian shares snapped a three-day winning streak to end marginally lower on Tuesday as investors booked profits in frontline stocks, with renewed concerns about the health of the US economy weighing on world markets. Metal, consumer goods and auto stocks were in demand. The 30-share BSE Sensex lost 73.91 points, or 0.38%, to 19,529.50. The Sensex had hit a high of 19,707.86 in early trade. The S&P CNX Nifty shed 6.65 points, or 0.11%, to 5,858.35. Reliance Industries fell 2.33% to Rs 2,863.85. State Bank of India declined 0.32% to Rs 2,317.40. Tata Steel soared 4.08% to Rs 872.95. Maharastra Seamless surged 12.37% to Rs 574.10, Steel Authority of India (Sail) gained 8.53% to Rs 284.90, Jindal Stainless gained 5.44% to Rs 238.30, and Hindalco Industries gained 1.15% to Rs 193.75. Videocon Industries surged 20% to Rs 590, Asian Star Company jumped 4.71% to Rs 1380, Rajesh Exports moved up 1.75% to Rs 921.05 and Titan Industries gained 1.16% to Rs 1,568.90. Ashok Leyland spurted 7.86% to Rs 50.75, and Hindustan Motors gained 4.26% to Rs 42.85. ACC fell 0.35% to Rs 1,087.85, off the day’s high of Rs 1,117. JK Cements fell 1.19% to Rs 245.70, and Grasim Industries fell 0.68% to Rs 3813.50. Ultratech Cements declined 0.48% to Rs 994. TCS fell 2.22% to Rs 1054, Satyam Computers fell 1.58% to Rs 440.90, and I-Flex Solutions fell 1.78% to Rs 1,508.85. Zee Entertainment rose 0.05% to Rs 306.95. Textiles firm Pearl Global was locked at upper limits of 20% to Rs 100.55 after the firm struck a deal to jointly develop its Gurgaon property with a unit of DLF. Dish TV India rose 0.81% to Rs 92.80, off day's high of Rs 97.25 after the direct-to-home satellite operator said its board will meet on Wednesday (Dec 5, 2007) to consider equity capital infusion.
Source: ICICIdirect.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment