| The session was volatile due to uncertain market direction. Key shares were also weighed down by weakness in overseas markets. Chinese market ended down 3.5 per cent on Tuesday on fears regulators would move in to cool the heated market. |
| "Technology shares dragged the market down on Tuesday. The overall sentiment for the sector is weak due to a rising rupee. Fall in Chinese market also hit sentiment," a dealer said. |
| On February 27, the Chinese stock market fell 9 per cent on fears its government may take measures to cool off equity markets. The fall in China triggered a sell-off in other markets across the world, including India. |
| The Bombay Stock Exchange's 30-share Sensex ended at 13929.33, down 36.53 points or 0.3 per cent from Monday. Intraday it moved between 13885.46 and 14023.86. |
| The National Stock Exchange's 50-share Nifty ended at 4120.30, down 14.00 points or 0.3 per cent. Intraday it moved between 4102.45 and 4150.45. |
| Turnover on both the exchanges was roughly Rs 13,230 crore compared with Rs 12,600 crore on Monday. |
| The CNX Midcap Index was up 0.6 per cent and S&P CNX 500 Index ended down 0.1 per cent. |
| Hindustan Petroleum Corp, up 5 per cent at Rs 302, was the top Nifty gainer on hopes the government may hike automobile fuel prices following conclusion of elections in Uttar Pradesh. |
| Bharat Petroleum Corp rose 3 per cent to Rs 376. |
| Bharat Heavy Electricals was up 3 per cent at Rs 2,523 as the company plans to enhance its manufacturing capacity to 15,000 mw a year with total investment of around Rs 3,200 crore. |
| Sterlite Industries, which was down 1.5 per cent earlier in the session, recouped losses and ended up 2 per cent at Rs 575. |
| State Bank of India was up 1.8 per cent at Rs 1,227. |
| The Lok Sabha on Tuesday passed a bill that will allow its seven associate banks to raise their authorised capital to Rs 500 crore, and make a provision for the parent bank to cut its minimum holding in these banks to 51 per cent from the current 55 per cent. |
| On BSE, State Bank of Bikaner & Jaipur ended up 5 per cent and State Bank of Mysore up 10 per cent. |
| Lupin gained 1 per cent at Rs 716 on approval in the US for its abbreviated new drug application for Simvastatin tablets used for treatment of high cholesterol. |
| Shringar Cement surged 20 per cent to Rs 65 ahead of it Jan-Mar earnings and on talk of private placement at 8-10 per cent premium to current market price. |
| Suzlon Energy shares tumbled 9 per cent to Rs 1,141 after it on Tuesday said consolidated net profit for Jan-Mar quarter fell 3.4 per cent on year to Rs 360 crore due to appreciation in the rupee. The rupee has risen more than 8 per cent against the dollar so far in 2007. |
| Comments from Suzlon Energy's officials that it was diversifying currency exposures to limit risks from rupee appreciation could not soothe investors. |
| Technology shares fell on the strong rupee. Satyam Computer Services ended down 2 per cent at Rs 453 and Wipro was down 1.7 per cent at Rs 535. |
| Oil and Natural Gas Corp ended down 2 per cent at Rs 889. The government on Tuesday said the panel to select chairman and managing director of ONGC would meet shortly. |
| The post of CMD is vacant since May last year. |
| Ambuja Cements ended down 0.2 per cent at Rs 123.5. Reports said that a total of 1.74 mln shares of Ambuja Cements changed hands in two block deals on BSE. |
| Reliance Industries ended down 1.3 per cent at Rs 1,599 despite news the company has discovered gas in D6 Block in offshore Krishna Godavari basin. |
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