Sensex slumps 4.56 % on global turmoil | BSE Sensex, Today Gold Rate, Gold Rate Today, Zara Philips, Gold Price In India

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Sunday, September 25, 2011

Sensex slumps 4.56 % on global turmoil | BSE Sensex, Today Gold Rate, Gold Rate Today, Zara Philips, Gold Price In India

Sensex slumps 4.56 % on global turmoil | BSE Sensex, Today Gold Rate, Gold Rate Today, Zara Philips, Gold Price In India

At the National Stock Exchange, the 50-scrip S&P CNX Nifty also fell almost five % in the weekly trade. The Nifty closed 1.14 % down at 4,867.75 points Friday, after a 4.08 % loss the previous day.

“The bias is downward with Nifty support at 4,700 points, and if it breaks then we should be even prepared to see 4,300 points,” Kishor P. Ostwal, Chairman and Managing Director of a capital market research firm CNI Research Ltd.

“On upper side 5,170 points is resistance, we can see Nifty touching 5,500 only if it crosses 5,170,” Ostwal said.

Major Sensex losers Friday were: Tata Motors, down 4.81 % at Rs.147.40; HDFC Bank, down 3.1 % at Rs.457.65; L&T, down 2.7 % at Rs.1,452.25 and Hero MotoCorp, down 2.45 % at Rs.2,037.65.

The gainers were Cipla, up 2.09 % at Rs.283.85; SBI, up 1.03 % at Rs.1,955.50; Bharti Airtel, up 0.77 % at Rs.374.85 and Sun Pharma, up 0.59 % at Rs.471.10. Read More