Market: Indices

23 August 2007

The Left has taken a hard stance. Central Committee describes Indo-US Nuke deal as 'unacceptable', Central Committee says Govt must not negotiate with IAEA for safeguards.

The midcaps and smallcaps took it on the chin and ended with deeper cracks.

Sensex and Nifty has been swinging sharply on both the side of flat line. Sensex has swung onaerly 400 points and Nifty has swung over 100 points. The fall has come despite some positive cues from Asia and US equity markets.

There was heavy selling pressure across the board and all the key BSE indices ended in red except FMCG and IT socks. Banking stocks were severely hit today and the Bankex ended with over 2% cut.

Sensex was down 84.68 points or 0.59% at 14163.98, and the Nifty down 38.20 points or 0.92% at 4114.95.

About 1076 shares have advanced, 1861 shares declined, and 70 shares are unchanged.