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Sensex closes at 6,414, down 37 points

December 22, 2004

The markets tumbled from higher levels in late morning deals and remained weak thereafter.

While selling pressure continued in the afternoon trades; steep slide in tech, heavyweight, cement and other select old economy stocks towards the closing bell saw the index slump below the crucial 6,400-mark to touch an intra-day low of 6,396.

The Sensex finally ended lower above the psychological mark at 6,414 - down 37 points from the yesterday's close. The Nifty lost 10 points to 2,035.

Infosys declined 1.55% (Rs 33) to Rs 2,083. While Satyam lost 2.36% (Rs 10) to Rs 407, Wipro was down 1.76% (Rs 14) at Rs 756.

SBI declined 1.48% (Rs 9) to Rs 594. While ICICI Bank was down 1.45% (Rs 5) at Rs 360, HDFC Bank ended with a small loss of Rs 2 at Rs 493.

ITC ended Rs 6 lower at Rs 1,303, and HLL was down a rupee at Rs 143. Reliance attracted considerable buying support and advanced nearly 2% (Rs 9) to Rs 495.

Grasim declined 2.55% (Rs 33) to Rs 1,277. While Gujarat Ambuja slipped 2.24% (Rs 9) to Rs 386, ACC was down a per cent (Rs 3) at Rs 316.

Dr. Reddy's was down 1.27% (Rs 11) at Rs 850 and Cipla lost 2% (Rs 6) to Rs 304. Ranbaxy, however, closed up a per cent (Rs 8) at Rs 1,257.

Bajaj moved up 1.81% (Rs 20) to Rs 1,119, and Maruti added 2.11% (Rs 10) to Rs 469. Tata Motors, however, was down Rs 2 at Rs 502.

Zee dropped 3.41% (Rs 6) to Rs 173. Bharti, however, added 2.16% (Rs 4) to Rs 204.

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