Disappointing close for mkts: Metal, banks drag
27 June 2007
The markets ended weak on account of selling pressure in scrips across sectors. Most of the Asia ended weak, Nikkie and Hang Seng eclosed with deep cuts. Even Europe opened in red.
Most of the BSE indices ended weak or flat. With steel prices likely to stay weak, the metal index was the top loser followed by auto, banking and oil & gas stocks. Only IT index closed in green. The broader markets could not hold their gains at the higher levels and ended flat.
New listings Nelcast had good opening but had a lacklustre day closing below the issue price.
Sensex was down 70.02 points or 0.48% at 14431.06, and the Nifty down 21.75 points or 0.51% at 4263.95.
About 1216 shares have advanced, 1317 shares declined, and 63 shares are unchanged.
