Thursday 24 January 2008

Succumb to selling pressure...........

Stocks across sectors witnessed selling pressure today.

The market had surged in opening trade, tracking rally in Asian markets. But in a reversal of the trend, it slipped into the red in afternoon trade. As at 15:20 IST the BSE Sensex was down 378.16 points or 2.15% at 17,215.91.

The BSE Metal index was down 6.01% at 14,175.09. It underperformed the Sensex.

The BSE Power index was down 5.18% at 3,739.12. It underperformed the Sensex.

The BSE Capital Goods index was down 4.81% at 16,393.16. It underperformed the Sensex.

The BSE Realty index was down 4.38% at 10,145.16. It underperformed the Sensex.

The SBE Oil & Gas index was down 3.20% at 10,498.95. It underperformed the Sensex.

The BSE Auto index was down 2.61% at 4,553.47. It underperformed the Sensex.

The BSE's banking sector index Bankex was down 1.59% at 10,560.76. It outperformed the Sensex