| Weakness in the Asian and European markets also weighed down the key indices, they said. Metal shares bucked the trend. The BSE Metal Index ended up 2 per cent. |
| The Sensex closed at 11,904.60, down 9.61 points or 0.1 per cent from Monday. On an intra-day basis, it moved between 11,847.93 and 11,945.53. The Nifty closed 3,473.75, down 3.10 points or 0.1 per cent. Intra-day, it moved between 3,457.90 and 3,488.60. |
| The turnover on both exchanges together was roughly Rs 8,500, down Rs 100 crore from Monday. CNX Midcap ended up 0.5 per cent, while S&P CNX 500 ended up 0.3 per cent. On the BSE, losers led gainers 1,293 to 1,245. |
| The Asian markets, too, ended nearly flat in the absence of fresh cues as the US market closed Monday for Labour Day. European markets were down on the weak first quarter earnings from Cairn Energy Plc and Kerry Group. |
| "Stocks were down on profit-sales after Monday's gains. Weak cues from overseas markets also added to the pressure," a dealer said. |
| Dealers attributed the volatility to churning of portfolios at higher levels. Reliance Energy, up 3 per cent at Rs 465, was the top Nifty gainer. |
| Among metal shares, Hindalco Industries was up 2.5 per cent at Rs 179 and Tata Steel was up 1.5 per cent at Rs 514. |
| Cipla was up 1 per cent at Rs 216 after the company head today said April-August sales were up 30 per cent on year, and exports were up 48 per cent. |
| Shares of the United Western Bank were up 8 per cent at Rs 18 on reports that two foreign banks "� Citigroup and Standard Chartered "� have joined the race to acquire it. So far, Andhra Bank, Allahabad Bank, Federal Bank, ICICI Bank, and Canara Bank have shown interest in the bank. |
| GlaxoSmithKline Pharmaceuticals, down 2.4 per cent at Rs 1,253, was the worst hit among Nifty, dealers said. Zee Telefilms, down 2.2 per cent at Rs 297, was the other major laggard. |
Top Section
Explore Business Standard