Markets swing to volatility; Sensex ends down at 17,287

Markets swing to volatility; Sensex ends down at 17,287
Comment E-mail Print Share
First Published: Wed, Apr 30 2008. 04 14 PM IST
Updated: Wed, Apr 30 2008. 04 14 PM IST
New Delhi: The markets ended weak after a volatile session with the benchmark index closing at 17,287 levels, down 91 points or 0.5%. The 30-share index moved in a braod range of 17,284 - 17,479 levels in intra-day deals. In broader markets, the Nifty shed 30 points to trade at 5,166 levels.
ACC, HDFC, DLF Limited, Grasim Industries, HDFC Bank and ICICI Bank were the top losers among the Sensex scrips, shedding over 2% each. Ambuja Cements, Bharti Airtel, Cipla, State Bank of India, Reliance Industries, ONGC and Larsen & Toubro were some of the other notable losers.
Select technology shares gained ground on the back of the government extending the income tax holiday for export-oriented software technology parks till March 2010. Key gainers in this space included Aptech Ltd, i-Flex Solutions, HCL Technologies, Patni Computers, Infosys Technologies, Tech Mahindra, Wipro and Satyam Computer.
Banking scrips came under heavy selling pressure on 30 April. ICICI Bank, State Bank of India, HDFC Bank, Centurion Bank of Punjab, Union Bank of India, Axis Bank and Federal Bank ended the day in negative turf.
Comment E-mail Print Share
First Published: Wed, Apr 30 2008. 04 14 PM IST
More Topics: Markets | Stocks | BSE | NSE | Sensex |