Tuesday 16 December 2014

Sensex 500 Points Broken, Nifty Below 8100 - Ways2Capital

Posted by Ways2Capital on Tuesday, December 16, 2014 with No comments

Day business and the business end of the market decline was even sharper fall. Midcap stocks closed with a 3 per cent and 3.43 per cent in smallcap stocks closed mixed on weakness.

The major BSE 30-share index Sensex at the end of trading declined 538.12 points, i.e 1.97 percent to close at 26781. The main index of the NSE 50-share Nifty slipped 1.85 percent, i.e 152 points to close at 8067 levels.

A look at the market sector most metal stocks closed with a loss of 4.17 percent. Realty shares were down 3.80 percent. Weakness of 3.08 percent recorded in FMCG and bank shares closed down 2.3 percent. Power and consumer durables stocks were seen off at 2.42 percent. Although IT shares with 1.66 percent up and technology shares managed to close up 1.12 percent.

The market giant shares like HCL Tech gained 5.03 percent and TCS gained 3.83 percent then closed. BPCL with 1.75 percent and Tech Mahindra closed with 1.60 percent up. Infosys was closed with a gain of 0.62 percent.

The market giant shares like Sesa Sterlite 7.35 percent down and Dr Reddy slipped 6.13 percent to close. Hindalco fell 5.19 percent. Bank of Baroda, SBI were down more than 5 percent. Tata Power 4.47 percent and Jindal Steel closed with weakness of 4.17 percent.

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