Indian shares continue to slide

By IANS

Mumbai : Indian shares continued to slide Thursday to close at their lowest figures in recent weeks with a key index falling 0.49 percent following weak global markets.


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The 30-share benchmark sensitive index of the Bombay Stock Exchange (BSE) fell 0.49 percent or 69.75 points to close at 14,186.18 level, with technology stocks being the only ones to trade in the green.

Similarly, the broader 50-issue National Stock Exchange index Nifty also fell 0.45 percent or 18.75 points to close at 4,179.50.

The biggest gainers were India's fourth largest software exporter Satyam Computers, up 3.40 percent at Rs.481.15, followed by top aluminium producer Hindalco Industries Ltd., up 2.96 percent at Rs.153.15 and the second largest software exporter Wipro, up 2.52 percent at Rs.545.40.

Others who traded in the green were the country's third largest software exporter Infosys Technology, top private sector telecom service provider Reliance Communications and top software exporter TCS.

Leading the major losers was top two-wheeler and three-wheeler maker Bajaj Auto, down 2.84 percent at Rs.2,155.25, followed by motorcycle major Hero Honda, down 2.30 percent at Rs.697.40 and cement major ACC Ltd., down 2.24 percent at Rs.803.95.

India's largest private company Reliance Industries lost Rs.19.45 per share, down 1.15 percent to end the day's trade at Rs.1,667.90.

Other major index stocks that traded in the red were top carmaker Maruti Udyog, cigarette manufacturing major ITC, top state-owned lender State Bank of India, consumer goods major Hindustan Lever, the country's second largest private sector bank HDFC Bank, largest multi-utility vehicle maker Tata Motors and top engineering and construction firm Larsen & Toubro.

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