Monday, August 16, 2010


The Indian market closed the first day of a new week on a disappointing note after a volatile session which saw the Nifty dip below the 5450 mark. A big sell-off was seen in late trade in realty, capital goods, telecom and metals which dragged the indices down. Sensex shut shop at 18050, down 116 points and Nifty at 5418, down 33 points from the previous close. CNX Midcap index was up 0.1% while BSE Smallcap index was down 0.3%. The market breadth was negative with advances at 466 against declines of 815 on the NSE. Top Nifty gainers were Power Grid, PNB and Siemens while losers includedSuzlon Energy, Cairn India and Cipla.

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