Closing Note: Market could not recover
Monday, August 31, 2009 3:55 pmThe BSE Sensex cracked weeklong profits and ended severely down due to the sell-off in heavyweights and feeble international cues. Selling in metal, private power, technology, telecom, FMCG, select banking and infrastructure firms’ shares pulled the Nifty lower than 4700 mark.
The BSE Sensex dipped 262 points and the NSE dipped 70 points. Nevertheless, the market breadth was encouraging; nearly 1677 shares rushed while 1214 shares fell on the Sensex. Around 295 shares stayed unaffected.
