By IANS
Mumbai : The Indian capital markets opened on a strong note Thursday with the Nifty notching an all time high of 6,000 points, reacting to 25 basis points rate cut by US Federal Reserve, but ending in the red.
The sensitive index of the Bombay Stock Exchange (BSE) closed at 19,724 points, down by 113.64 points or 0.57 percent. The broader S&P CNX Nifty also ended in the red by losing 34.20 points or 0.58 percent and closed at 5,866.
The markets were seen consolidating at the higher levels and ended the day in red amid an extremely volatile session. The broader markets under-performed the benchmark indices and ended in the red. This gave markets weak breadth.
BSE mid-cap index is down nearly 1 percent and small-cap index is down 0.5 percent. The telecom stocks are all down on news of spectrum allocation to be made more stringent.
Among the top gainers on the index were ONGC up by 6.53 percent at Rs.1,327.75, Reliance Petroleum up by 6.16 percent at Rs.261.20, and L&T gaining 4.27 percent at Rs.4,424.25.
Among the top losers on the index were VSNL down by 6.83 percent at Rs.519.30, Bharti down by 6.61 percent at 940.10 and Hindustan Unilever Ltd down by 6.45 percent closing at Rs.193.70.