25 May 2010 Closing Market Updates 15:31
Market opened today with gap down because global meltdown.Nifty opened below its support level of 4870.Holidays in many European countries on Monday delayed the sharp sell-off into Tuesday's trade.European markets opened negative and the hopes of the recovery shattered.In the last session, market hit the low as margin calls triggered.
Global stocks as measured by MSCI fell 1.6 percent to their lowest since early Sept 2009, while the more volatile emerging index dropped more than 3 percent to 8-/2 month lows.The pan-European FTSEurofirst 300 index of top shares also fell close to 3 percent to its lowest since Sept.
Nifty closed at 4809.90, down by 134.05 and Sensex closed at 16017.97, down by 451.58 points.
All the BSE Sectoral indices closed negative.Metal index was the top loser by 5.46%
Sunpharma was the top gainer in Nifty50 stocks by 2.70% and Siemens was the marginal gainer by 0.16%.All remaaining 48 stocks closed in red.Top loser was Sail by 6.09%.
Advance / Decline ratio was negative to 1:10 as 1210 stocks declined and 115 stocks gained today on NSE.
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