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Tuesday, 22 January 2008 01:45 |
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After yesterdays crash the market fall continues today. Market closed 875 points down after recovering near about 1600 points, Nifty down 310 points. Bharti Airtel, Infosys, Reliance Energy, Idea, SBI, Nalco and Sesa Goa were among the stocks providing support at the lower levels.
ITC, M&M, Ambuja Cements, Hero Honda, ONGC, Sun Pharma, Ranbaxy are the top losers. The other losers were Tata Steel, Satyam, PNB, Maruti, Cipla and HUL.
Sensex closed down 875.41 points or 4.97% at 16729.94, and the Nifty down 309.50 points or 5.94% at 4899.30. The markets are again showing smart recovery with Sensex recovering nearly 1600 points from the day's low. Nifty has recovered 500 points from the day's low. Europe has also shown good recovery and FTSE is trading in green. The Finance Ministry has ruled out foul play in the stock market. Sensex has bounced back and is up over 17,000 mark. The NSE Advance:Decline ratio at 1:30. Nifty after breaching 4500 mark is trading above 4900 levels.
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