Profit booking sees markets end sharply lower

Posted By:
Subscribe to GoodReturns

Profit booking sees markets end sharply lower
Profit booking after a substantial rally in the last few weeks saw the BSE Sensex losing heavy ground with a sharp cut of 283.36 points (provisional) to close at 18145.25 points (provisional).

In line with the BSE, stocks on the NSE too witnessed a decline with the CNX Nifty closing the day at 5505.35, down 101.80 points.

Among the stocks that lost heavily were Reliance Communications, State Bank of India, DLF and Sterlite Industries. State Bank of India dropped more than 8% after shares were sold heavily in the counter on fears of its exposure to King Fisher Airlines. Sterlite Industries lost ground on reports of a merger with Sesa Goa.

Among the few Nifty gainers were Sun Pharma, Infosys, ITC and TCS. Marketmen expect stock prices to exhibit volatility, with a downward bias after weeks of sharp gains.

GoodReturns.in

Read more about: sensex, bse
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?