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Sensex ends flat at 8,822; HDFC down 5%
BS Reporter in Mumbai
 
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February 24, 2009 16:27 IST

The Sensex opened with a negative gap of 136 points at 8,707. The index dropped to a low of 8,619 but recovered smartly and touched a day's high of 8,856 after the government announced the duty cuts.

The metal, banking and PSU stocks were hit the most, while capital goods stocks were the major gainers today.

The Sensex finally ended with a loss of 21 points at 8,822. The NSE Nifty ended flat at 2,734.

The market breadth was negative - out of 2,501 stocks traded, 1,613 declined, 790 advanced and the rest were unchanged.

INDEX SHAKERS...

HDFC [Get Quote] tumbled 4.8% to Rs 1,289, and Tata Steel [Get Quote] slumped 4.5% at Rs 160.

Sterlite slipped 1.8% to Rs 244. SBI [Get Quote] and Sun Pharma [Get Quote] declined 1.7% each to Rs 1.028 and Rs 1,005, respectively.

TCS [Get Quote] dropped 1.6% to Rs 466, and Wipro [Get Quote] shed 1.4% to Rs 212.

Tata Motors [Get Quote] and HDFC Bank were down 1.2% each to Rs 132 and Rs 857, respectively.

Hindalco [Get Quote], Bharti Airtel [Get Quote] and Jaiprakash Associates [Get Quote] were the other major losers today.

...AND THE MOVERS

Mahindra & Mahindra rallied 4.9% to Rs 295. Ranbaxy [Get Quote] surged 3.9% at Rs 215.

Grasim [Get Quote] gained 3% to Rs 1,385. DLF and Hindustan Unilever moved up 1.5% each to Rs 157 and Rs 253, respectively.

Maruti Suzuki was up 1.4% at Rs 642. Reliance Communications [Get Quote] and ONGC [Get Quote] were up 1.2% each at Rs 157 and Rs 681, respectively.

MOST ACTIVE COUNTERS

Reliance led the value chart with a turnover of Rs 248.42 crore followed by Educomp Solutions [Get Quote] (Rs 236.48 crore), ICICI Bank [Get Quote] (Rs 165.01 crore), Reliance Infrastructure (Rs 112.04 crore) and United Spirits [Get Quote] (Rs 105.78 crore).

Cals Refineries topped the volume chart with trades of around 1.18 crore shares followed by Unitech (86.31 lakh), Satyam [Get Quote] Computer (82.97 lakh), DLF (60.66 lakh) and ICICI Bank (49.91 lakh).


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