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Tuesday, April 28, 2009

Sensex closes below 11k; realty, metals down 5%

28 Apr 2009, ET Bureau

MUMBAI: Indian markets ended with heavy losses on Tuesday in line with sell-off in other global markets. Squaring of positions ahead of

F&O expiry also dented sentiments. Realty and metals space got hammered badly while IT space ended with minimum losses.

Bombay Stock Exchange’s Sensex ended at 10996.28, down 375.57 points or 3.3 per cent. It touched a high of 11375.97 and low of 10961.76.

National Stock Exchange’s Nifty closed at 3360.10, down 109.90 points or 3.17 per cent. The broader index touched a low of 3351.50 and high of 3471.95.

BSE Midcap Index was down 3.71 per cent and BSE Smallcap Index fell 3.38 per cent.

Amongst sectoral indices, BSE Realty Index was down 5.59 per cent, BSE Metal Index slipped 5.24 per cent and BSE Bankex declined 4.69 per cent. BSE IT Index ended 0.58 per cent lower.

Jaiprakash Associates (0.08%) and Maruti Suzuki (0.04%) were the lone gainers in the 30-share index.

DLF (-8.35%), Reliance Infrastructure (-7.57%), Sterlite Industries (-7.54%), Tata Steel (-7.5%), Reliance Communications (-7.05%) were the losers

Market breadth was negative on the BSE with 1794 declines and 664 advances.

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