Stock Markets Updates for the Day (16th June '11)
Amid concerns about a likely fall in margins following the latest round of rate hike by the central bank and on lingering worries about the global economy in the backdrop of some weak reports from the U.S., and parts of Asia and Europe, the market ended notably lower on Thursday as investors pressed sales in several blue chips, including heavyweights Reliance Industries, Infosys Technologies and Larsen & Toubro.
Information technology, capital goods, metal, consumer durables, oil and automobile stocks ended notably lower. Realty and bank stocks found some support after a sharp fall and ended off their lows. Select FMCG and healthcare stocks edged higher.
The Sensex, which staged a couple of smart rallied after spending more than three hours in the red, declined to 18,155.10 in late afternoon trade and finally ended the day at 17,985.58, recording a loss of 146.36 points or 0.81%. The Nifty settled at 5396.75, slightly off the day's low of 5389.80, netting a loss of 50.75 points or 0.93%.
Posts
