makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 08.06.2011 WEDNESDAY

Wednesday, June 8, 2011

MARKET ENDED 08.06.2011 WEDNESDAY

WERE TODAY'S GAINERS

MARKET ENDED 08.06.2010 WEDNESDAY

SENSEX 18394.29 -101.33

NIFTY 5526.85 -29.30

NASDAQ 2684.01 -17.55

UPDATEDTIME 09.28 PM 08 JUNE 2011

The BSE benchmark Sensex today fell over 101 points at 18,394.29 on emergence of across the board selling in blue-chips led by Reliance Industries (RIL) as investors booked profits amid a weakening global trend.

The Bombay Stock Exchange index, Sensex, which had gained 120 points in last two sessions, fell by 101.33 points to 18,394.29 after moving in a range of 18,505.10 and 18,365.94 points during intra-day trading.

National Stock Exchange index Nifty closed 29.30 points down at 5,526.85 in a sluggish trade. It had moved between 5,556.60 and 5,514.90 during the session.

Trading sentiment turned bearish after a fall in Asian stock markets and a lower opening in Europe. Global indices fell to their lowest in two weeks after Federal Reserve Chairman Ben Bernanke said the economic recovery in the US was "frustratingly slow".

RIL, the top ranking stock on the Sensex, fell by Rs 8.85 to Rs 947.35 on report it may not be able to boost gas output.

IT bellwether Infosys Technologies lost Rs 20.55 to Rs 2,872.20 on fears that a slow recovery in global economy would trim demand. Over 50 per cent of the software revenue comes from the US and the European markets.

Auto major Hero Honda suffered a loss of Rs 66 to Rs 1,768.25 a piece, while Maruti Suzuki fell by Rs 14.65 to Rs 1,226.05 on worries that the strike at its Manesar plant can hamper company output.

Among lenders, State Bank of India fell by Rs 23.35 to Rs 2,293.25, ICICI Bank by Rs 6.45 to Rs 1,049.35 and HDFC Bank by Rs 24.60 to Rs 2,355.20.

Among gainers on the Sensex were Reliance Communications , NTPC , ITC and Tata Motors , while losers on the benchmark index included Hero Honda, ONGC , Hindalco and HDFC .

Global markets were in the red after US Federal Reserve chairman Ben Bernanke said Tuesday that the US economic recovery had slowed in recent weeks. Bernanke, however, did not spell out any measures to arrest the declining growth.

The Nikkei of the Japanese stock exchange closed flat at 9,449.46 points, while the Hang Seng of the Hong Kong stock exchange was down 0.91 percent to end at 22,661.63 points.

The Chinese Shanghai composite index closed 0.22 percent up at 2,750.29 points.