11 June 2007
It was a disappointing close for the markets as it closed flat despite good global cues. It ended flat after opening strong and trading higher for better part of the day. Profit booking set in at the final hour of trade and the midcap and smallcap index deeper cut. Sensex was off 170 points from day's high and Nifty was off 60 points.Select banking, telecom, auto stocks were among the losers. Top losers on the indices were Rel Comm, Grasim, SBI, Zee Entertainment, Nalco and Reliance Petro.
However, oil & gas, IT and FMCG stocks were among the gainers. Hero Honda, Hindalco, ITC, GAIL, HPCL closed in green.
The much awaited DLF IPO opened today and its QIB portion was subscribed 1.05 times; overall 0.65 times and most of the bids have come at the higher level of the band of Rs 550.
The BSE Midcap Index ended at 6,129.48 down 27 points or 0.43%.
The BSE Smallcap Index ended at 7,320.01 down 23 points or 0.3%.
