Markets end weak; banking, realty slip

Markets end weak; banking, realty slip
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First Published: Wed, Aug 27 2008. 04 03 PM IST
Updated: Wed, Aug 27 2008. 04 03 PM IST
Livemint.com
Mumbai: The markets ended weak a day ahead of expiry of futures and options August series with the BSE benchmark slipping 1.3% or 185 points.
The session marked by volatility, saw the Sensex move in a broad range of 14,261 – 14,563 levels in intra-day deals. Similarly, the wider based Nifty ended down 45 points at 4,292 levels.
Marketmen indicate that investors were rolling over positions to September series and also squared off their holdings in the August contract.
Leading the pack of losers at the bourses were realty counters with Indiabulls Real Estate cracking over 8.6% or Rs25. DLF Limited, Akruti City, Ansal Infrastructure, Unitech Limited and Parsvnath Developers also ended in the red.
Selling was also visible in banking counters. Kotak Mahindra Bank and IndusInd Bank slipped over 3% each. State Bank of India, Oriental Bank of Commerce, ICICI Bank, Bank of India and HDFC Bank were the key losers in this pack.
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First Published: Wed, Aug 27 2008. 04 03 PM IST
More Topics: Markets | Stocks | Sensex | Nifty | BSE |