Nifty plunges by 66 pts on profit-taking, ends below 5000-mark

November 19, 2009 08:23 pm | Updated November 17, 2021 06:39 am IST - Mumbai

Distinctly weak global cues and hectic profit-booking pulled down the benchmark CNX Nifty to close below the psychological 5,000-mark, down by 65.70 points on the NSE today.

The much-awaited correction, since overdue on stretch valuations of the market set by the rumours surrounding the trading circle that the government may impose some restriction in capital inflows on equities which triggered the sell-off, traders said.

Though the Finance Minister Pranab Mukherjee vehemently denied any such move from the government side, but would monitor the flow of foreign funds.

“Today’s correction is only a tip of an ice-berg as the market may witness further fall in coming days”, they added.

The 50-share index resumed at 5,043.95 and touched an intra-day low of 4,963.70 before closing at 4,989.00, a sharp fall of 65.70 points, or 1.30 per cent, over last close.

From the Nifty pack, Unitech fell by 5.33 per cent, JPAssocia by 4.61 per cent, Dlf by 3.73 per cent, Rel Infra by 3.65 per cent and Siemens by 3.50 per cent.

However, Suzlon moved up by 2.52 per cent, Acc by 0.56 per cent, HDFC by 0.35 per cent, Wipro by 0.24 per cent and Powergrid by 0.14 per cent.

Turnover in the cash improved to Rs 16,112.96 crore from Rs 15,943.05 crore yesterday. A total of 8,157.72 lakh shares changed hands in 66,54,995 trades. The market capitalisation stood at Rs 53,79,901 crore.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.