Indian equities in bear grip; Nifty closes at 5200 level

Business

oi-Religare

By Religare

Published: Thursday, February 10, 2011, 17:12 [IST]

Mumbai, Feb 10: The equities closed on sad note, market continued the downtrend for the third consecutive session on Friday. The last session of the week observed a choppy trade. The Nifty touched the 5200 level on Friday's trade for the first time since Jun 14, last year.

At 5:00 pm, the BSE Sensex was at 17,463.04 down 129.73 points and 5,225.80 down 27.75 points.
5:00PM

Market keeps the downtrend; Nifty sheds 200 pts

The market kept the downtrend for the third consecutive session, particularly after the Nifty hit 5200 mark. The Nifty dipped over 200 points in last three sessions.

Metal and realty companies' shares too were putting pressure on markets followed by HUL, ONGC, Cipla, Dr Reddy's Labs and Ambuja Cements.

At 2:00 pm, the BSE Sensex was at 17,535.65 down 57.12 points and 5247.80 down 5.75 points.
2:00PM

Indian equities hits 8 month lows; Nifty at 5200 mark

The equity benchmarks Nifty dipped eight months low on Friday's trade. Nifty hit 5200 level. The Indian equities observing the bear markets.

At 12:30 pm, the BSE Sensex was at 17,383.19 down 209.58 points and 5211.95 down 41.60 points.
12:30PM

Market opens flat; Nifty looming around 5230 level

The benchmark Nifty opened flat and was looming around its previous closing value. Midcaps and largecaps fall in 35-50 percent. The market on Friday was in bears' hands.

SAIL, Jaiprakash Associates, Suzlon Tata Motors, TCS, NTPC and BHEL were among the frontliners.

At 10:45 am, the BSE Sensex was at 17,474.49 down 118.28 points and 5236.15 down 17.40 points.
10:45AM

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