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Sensex slips 248 points by close

Sensex slips 248 points by close
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First Published: Thu, Aug 28 2008. 03 49 PM IST
Updated: Thu, Aug 28 2008. 03 49 PM IST
New Delhi: The markets ended weak on the last day of expiry of August series derivative contracts with the BSE benchmark index slipping 248 points to 14,048 levels.
The wider-based Nifty too ended lower by 78 points at 4,214 levels.
Besides the rollover of positions, inflation data due later in the day and a rise in global crude oil prices also impacted sentiment in India, dealers said.
Leading the pack of losers among the BSE 30 scrips was Hindalco. The counter lost 12.6% or Rs17 by close of session. BHEL, DLF Limited, Reliance Industries, State Bank of India, Reliance Infra, ICICI Bank and TCS Limited were some of the other key losers.
Selling was also visible in capital goods counters with Alstom Projects and Lakshmi Machine Works skidding over 4% each. ABB Limited, BHEL, Gammon India, Reliance Industrial Infrastructure and Thermax also lost considerable ground.
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First Published: Thu, Aug 28 2008. 03 49 PM IST
More Topics: Markets | Stocks | Sensex | Nifty | BSE |