Today
in intraday market the BSE Sensex was down 0.43 percent, or 123 points, to
28,049 while the NSE Nifty was off 0.5 percent, or 40.75 points, to 8,385. Oil
& gas shares were down the most led by heavyweights Reliance Industries and
ONGC falling 0.7 percent and 1.4 percent, respectively. Metal stocks, too, were
down led by Coal India (down 1.7 percent).
Telecom shares, barring Bharti Airtel, too surrendered early gains, amid news the government had decided to split spectrum auctions to be conducted early next year into two stages. Market succumbed to profit taking in late trade after early consolidation; Nifty broke its crucial support level of 8,400 while Sensex too slid perilously close to the 28,000 mark.
Telecom shares, barring Bharti Airtel, too surrendered early gains, amid news the government had decided to split spectrum auctions to be conducted early next year into two stages. Market succumbed to profit taking in late trade after early consolidation; Nifty broke its crucial support level of 8,400 while Sensex too slid perilously close to the 28,000 mark.
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