Indian sharemarket did not observe any rise in share prices for the third straight day. Prices of banks, auto and power stocks did poorly while realty sector observed a significant rise. Poor business in other Asian markets also affected the Indian stock market.
The Sensex at BSE opened at 16.335.78 points and ended at 16, 283.49 points, a slip of 69.91 points. Through out the day, the index observed a low of 16,144.7 points and a high of 16,411.14 points. BSE Midcap Index observed a 0.15% rise and BSE Smallcap Index went up by 0.44%. BSE Bankex declined 1.5% per cent, BSE Auto Index slipped 0.94% and BSE Power Index slipped 0.83%. BSE Realty Index advanced 0.88% and BSE Oil&gas Index went up 0.69%.
At BSE companies whose share prices went up were- Ranbaxy Laboratories (3.77%), Jindal Steel (3.66%), Wipro (3.49%), Bharti Airtel (3.44%) and Tata Motors (2.49%).
Companies whose share prices dropped are- Maruti Suzuki (-4.18%), Tata Steel (-3.63%), Suzlon Energy (-3.6%), HDFC (-3.49%), BPCL (-3.43%).
Nifty at the NSE observed an intra-day high of 4867 points and a low of 4784.10 points. It ended at 4826.15 points, a 0.42% decline.