India’s Nifty 50 Closes the Day Down 0.09%

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bombay stock exchange
Mumbai, India May 23, 2008:Old structure of Share market Bombay Stock Exchange Building shot on May 23, 2008, Mumbai Maharashtra, India.

Stocks in India were lower at close on Tuesday, as declines in the banking, IT and technology sectors dragged shares down. At closing, the Nifty 50 was down 0.09%, and the BSE Sensex 30 lost 0.17%.

TATA STEEL LIMITED (NS: TISC) was one of the top performers on the Nifty 50, ending the day up 6.77% to trade at 274.30. Vedanta Ltd (NS: VDAN) gained 3.88%, closing at 92.40, and Gail Ltd (NS: GAIL) closed the day up 3.46% at 372.25.

Among the worst performers on the index were Bank of Baroda (NS: BOB), down 2.05% to 148.10. The State Bank of India (NS: SBI) ended the day down 1.34% to 217.75, while the Punjab National Bank (NS: PNBK) fell 1.95%, ending at 110.60.

On the BSE Sensex 30, TATA STEEL LIMITED (BO: TISC) was also among the top performers, gaining 6.65% to trade at 274.10. Vedanta Ltd (BO: VDAN) also led the gainers, up 4.05% at 92.50, and Gail Ltd (BO: GAIL) ended the day at 372.85, up 3.60%.

The worst performers on the BSE were Coal India Limited (BO: COAL), which was down 1.35% to 326.05. Hindustan Unilever Ltd. (BO: HLL) was also down 1.09% to 847.80 at closing, while the State Bank of India (BO: SBI) lost 1.22% to end at 218.25.

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