Market: Indices

18 June 2007

It was yet another disappointing session for the markets as they ended in red after spending better part of the day near the flat line. The fall came in despit some positive cues from Asia. Most of the Asia ended with some hefty gains.

Selling pressure was seen in scrips across sectors. Except for bank and FMCG all the BSE sector indices closed in red. IT, auto and metal stocks were among the top losers. Midcaps did not hold out their gains and closed flat and the smallcap ended in red inline with frontline indices. The market breadth was in the favour of decline.

Glory Polyfilms was up a whopping 28% on the its first day on the bourses.

ICICI was up over 1%, the price band for the issue has been fixed at Rs. 885 to Rs. 950 per equity share.

Sensex is down 82.57 points or 0.58% at 14080.14, and the Nifty down 24.35 points or 0.58% at 4147.1.

About 1097 shares have advanced, 1393 shares declined, and 59 shares are unchanged.