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Mkts end in red amid volatility; power, realty stocks drag

Jan 31, 2008 11:22 AM IST Business Business
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Mumbai: The markets opened on weak note despite good global cues and proceeded to trade weak amid volatility in the first half. It gained some momentum in the later half but could not maintain it for long and slipped in late trade to end with modest cut.

Power, realty, banking, capital goods and healthcare spaces traded weak through the day and ended deep in red. Power and realty index closed down with a cut of over 2%. Oil & gas, FMCG and auto stocks were firm today and drew good attention in the first half, slipped in late trade but still manage to close with modest gains.

Sensex ended down 109.93 points or 0.62% at 17648.71, and the Nifty was down 30.15 points or 0.58% at 5137.45. On BSE, about 1062 shares advanced, 1893 shares declined, and 48 shares remained unchanged. BSE midcap ended 0.8% down at 7766.62 and smallcap was down 0.22% at 10124.42.

BSE auto index ended up 0.42% at 4832.4. Hindustan Motors, Escorts and Ashok Leyland were the top gainers in this space. BSE FMCG and IT index closed flat at their previous day's level.

BSE oil & gas index ended up 0.19% at 10705.20. Essar Oil, GAIL, RNRL and Reliance petroleum were the top gainers.

BSE bankex ended down 1.71% at 10713.91. PNB, Oriental Bank and Allahabad bank were the leading losers in the banking domain.

BSE capital goods index was down 1.43% at 16387.70. Bharat Electronics, Thermax, Reliance Infra and crompton Greaves were the top losers.

BSE pharma index was down 1.39% at 3603.52. Aurbindo Pharma, Sterling Biotech and Biocon were the top losers in this space.

BSE metal index was down 0.61% at 15312.92. Hindalco, Shree Precoated, JSW Steel and Sterlite Industries ended with deep cut.

BSE power index ended down 2.13% at 3741.27. In the power space, Power Grid, Crompton Greaves and Suzlon Energy ended in red.

BSE realty index closed down 2.73% at 9871.06. Puravankara Projects, DLF and Omaxe ended with deep cut.