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Sensex ends down 44 points

Sensex ends down 44 points
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First Published: Tue, Sep 09 2008. 03 47 PM IST
Updated: Tue, Sep 09 2008. 03 47 PM IST
Livemint.com
Mumbai: The markets ended flat after trading weak for most part of the day with the BSE benchmark index settling at 14,901 levels, down a modest 44 points or 0.3%.
The Sensex had slipped to 14,714 levels in intra-day deals. Similarly, the wider-based Nifty shed 14 points to close at 4,469 levels.
Sterlite Industries shed 7.5% or Rs47 by close after its parent company Vedanta Resources announced a restructuring plan.
Under the scheme, Sterlite will demerge its aluminium and energy businesses to Madras Aluminium which will be later renamed Sterlite Aluminum.
Gujarat NRE Coke, Hindustan Zinc, Jindal Steel, Welspun Gujarat, Tata Steel, Jai Corporation, NALCO and Ispat Industries were some of the other losers in the metal pack.
Most banking counters ended the weak with IndusInd Bank and Punjab National Bank skidding over 3% each. Bank of Baroda, Indian Overseas Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank and Canara Bank also closed in negative turf.
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First Published: Tue, Sep 09 2008. 03 47 PM IST
More Topics: Markets | Stocks | Sensex | Nifty | BSE |