Tuesday, November 6, 2007

Market's opened strong but closed weak

The market saw a good start but closed in the negative after witnessing selling pressure in the last hour of trade. The Sensex closed at 19400, down 190 points while Nifty closed at 5786, down 60 points from the previous close. The BSE Midcaps and Smallcaps Index both closed in the negative.

The market breadth was negative with advances at 443 against declines of 736 on the NSE. The Sensex gainers include
Hindalco, Bajaj Auto, BHEL and Dr Reddy's Labs, while losers include Reliance Communications, L&T, Bharti Airtel and ICICI Bank.

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