Market close: Indian indices ended at day's low as selling pressure dragged
Nifty below 11,600, while Sensex also fell nearly 500 points. At close,
the Sensex was down 495points at 38,645, while Nifty was down 158 points at 11,594. About 747 shares have advanced, 1751 shares declined, and
166 shares are unchanged. Indiabulls Housing, Yes Bank, BPCL, IndusInd
Bank and IOC were top losers on the Nifty, while gainers were Bharti Airtel,
Wipro, TCS, Tech Mahindra and Infosys.Among the sectors except IT all other
indices ended in red led by energy, bank, auto, metal, pharma, infra and FMCG. Dewan Housing
Finance Corporation shares plunged 11 per cent to end the day at Rs
140, extending its Thursday’s 8 per cent decline after rating agency CRISIL
downgraded credit rating of the company's commercial paper and continued on
watch negative. Shares of state-owned
oil marketing companies such as Hindustan Petroleum Corporation (HPCL),
Bharat Petroleum Corporation and Indian Oil Corporation dipped almost 6 per cent after a steep rise in the crude oil prices.
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