The 30-share BSE Sensex fell 51.34 points to 27550.67 and
the 50-share NSE Nifty slipped 9.60 points to 8283.30 while the BSE Midcap and
Smallcap outperformed, gaining marginally. About 1203 shares have advanced,
1269 shares declined, and 108 shares are unchanged on the Bombay Stock
Exchange. Globally, Asian markets traded mostly in the green taking cue from
the positive close from the US markets. However,
oil prices continued their decline; Brent crude
fell to a five and a half year low of USD 63 a barrel. Oil stocks declined
today. Gail and Cairn India topped the Nifty losers, reacting to lower oil
prices. Both stocks lost 9 percent and 6 percent respectively week to date at
current reckoning while today they fell 3-5 percent. Shares of ONGC, Sesa
Sterlite, Tata Steel, M&M, DLF and Zee Entertainment slipped 1.6-2.6 pecent
while Sun Pharma, Bharti Airtel, Maruti Suzuki, Infosys, Cipla, NMDC, Lupin and
Ambuja Cements gained 1-2 percent.
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