Wednesday, October 28, 2009

Indian share market observed low for the third straight day

Indian sharemarket did not observe any rise in share prices for the third straight day. Prices of banks, auto and power stocks did poorly while realty sector observed a significant rise. Poor business in other Asian markets also affected the Indian stock market.

The Sensex at BSE opened at 16.335.78 points and ended at 16, 283.49 points, a slip of 69.91 points. Through out the day, the index observed a low of 16,144.7 points and a high of 16,411.14 points. BSE Midcap Index observed a 0.15% rise and BSE Smallcap Index went up by 0.44%. BSE Bankex declined 1.5% per cent, BSE Auto Index slipped 0.94% and BSE Power Index slipped 0.83%. BSE Realty Index advanced 0.88% and BSE Oil&gas Index went up 0.69%.

At BSE companies whose share prices went up were- Ranbaxy Laboratories (3.77%), Jindal Steel (3.66%), Wipro (3.49%), Bharti Airtel (3.44%) and Tata Motors (2.49%).

Companies whose share prices dropped are- Maruti Suzuki (-4.18%), Tata Steel (-3.63%), Suzlon Energy (-3.6%), HDFC (-3.49%), BPCL (-3.43%).

Nifty at the NSE observed an intra-day high of 4867 points and a low of 4784.10 points. It ended at 4826.15 points, a 0.42% decline.

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