8 April 2010 Closing Market Updates 15:33
Nifty closed below 5300.Sensex down by 286.57 points.
(At the time of close,adjusted close will be different).
Today market opened negative and slipped continuously till the last minute.
Negative closed US Markets and weak traded Europeans made our market weaker.European market remained weak on Greece worries.The cost to insure the debt of Greece rose to a higher level than that of Iceland on Wednesday for the first time since 2005, amid scepticism over Greece's ability and willingness to fund its debt at current levels.Credit default swaps on Greece's bonds jumped to 415 basis points, or $415,000 per year for five years to insure $10 million in debt, from 390 basis points.
In addition to that Govt.data of Food Inflation came out with 17.7% rise in 12 months which was higher than annual inflation of 16.35%.Fuel index was up 12.71%.Market plunged more than 1%.
Nifty closed at the day's bottom,below 5300 mark at 5292.30 losing 82.35 while Sensex closed at 17683.45 with 286.57 points down.
Among BSE Sectoral Indices, Consumer Durable Index was the top gainer by 2.31% whereas Oil&Gas Index slipped the most by 2.10%.
In Nifty50 stocks, Idea gained highest by 1.71% and closed at 68.25.The top loser was Steel Authority which plunged 7.11%.
Advance-Decline ratio was nearly 1:2 as 461 stocks gained and 832 stocks declined today on NSE.
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