Markets end in red on disappointing Q4 GDP data

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SME Times News Bureau | 31 May, 2012
A benchmark index for Indian equities markets closed 93.62 points down on Thursday, led by selling pressure in auto, bank and disappointing Q4 GDP data.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the negative at 16,224.86 points, closed at 16,218.53 points -- 93.62 points or 0.57 percent down from its previous close at 16,312.15 points.

The Sensex touched a high of 16,224.86 points and low of 16,086.06 points in the intra-day trade. This was the second consecutive day that Sensex was down.

The wide-based 50-scrip S&P CNX Nifty of the National Stock Exchange also shut shop at 4,924.25 points, down 26.40 points or 0.54 percent.

There was a heavy buying pressure on auto, bank and capital goods stocks. Auto index was down 170.83 points, followed by bank index down 150.21 points, and capital goods fell by 137.55 points.