After
hitting record high, the intraday market ended in negative terrain in a volatile trading
session. The Nifty managed to end above 7600, down 29.55 points at 7626.85. The
Sensex was down 109.80 points at 25473.89. About 1616 shares advanced, 1516
shares declined, and 70 shares were unchanged.
IT stocks remained leaders in
today's trade with Infosys and TCS gaining 2-3 percent each. Hero MotoCorp, Dr
Reddy's Labs and Bajaj Auto were other gainers in the Sensex. Among the losers
were Tata Power, Hindalco, Coal India and BHEL.The Indian rupee is trading at 59.28/29 versus its close of 59.29/30 on
Tuesday, tracking mixed Asian currencies and weakness in the domestic share
market.
Traders expect the pair to trade in a range of 59.25 to 59.45 for the
day. Stocks slipped from near recent highs while the euro retreated towards a
four-month low in the wake of upbeat US economic data and the European Central
Bank's monetary easing.
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