Equity:Market ends down 2%; bank, tech, oil shares worst hit
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K.Karthik Raja
Feb 22, 2008, 5:25:38 AM2/22/08
to Kences1
Equity : Market ends down 2%; bank, tech, oil shares worst hit
Key share indices ended down 2% as bank and technology
shares declined.
The fall in overseas markets coupled with weaker-than-expected
inflation data also kept shares subdued.
Sensex provisionally closed at 17305.12, down 429.56 points, or
2.4%, from Thursday. Nifty provisionally ended at 5110.75, down 81.05
points or 1.6%.
ICICI Bank and Satyam Computer Services ended down 4% each, while
Reliance Industries dropped 3%. Bajaj Auto, down 6%, was the worst hit
on Nifty.
Most pharmaceutical shares bucked the trend, with Cipla rising 5%.
The stock was the top Nifty gainer.
GlaxoSmithKline Pharmaceuticals ended up nearly 3% after its Oct-
Dec net profit beat estimates.
www.kences1.blogspot.com
Key share indices ended down 2% as bank and technology
shares declined.
The fall in overseas markets coupled with weaker-than-expected
inflation data also kept shares subdued.
Sensex provisionally closed at 17305.12, down 429.56 points, or
2.4%, from Thursday. Nifty provisionally ended at 5110.75, down 81.05
points or 1.6%.
ICICI Bank and Satyam Computer Services ended down 4% each, while
Reliance Industries dropped 3%. Bajaj Auto, down 6%, was the worst hit
on Nifty.
Most pharmaceutical shares bucked the trend, with Cipla rising 5%.
The stock was the top Nifty gainer.
GlaxoSmithKline Pharmaceuticals ended up nearly 3% after its Oct-
Dec net profit beat estimates.
www.kences1.blogspot.com
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