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Sensex slips over 240 points as elections enter final lap



By Staff Reporter
09 May 2009 @ 10:39 pm IST


A broker reacts while trading at a stock brokerage firm in Mumbai, India
A broker reacts while trading at a stock brokerage firm in Mumbai, India. India's benchmark stock market index, the BSE Sensex slipped 1.98 percent or 240.51 points on Friday, on heavy profit booking triggered political uncertainty ahead of national elections results next week. (Reuters Photo)
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The biggest gainer of the day was Jaiprakash Associates, which jumped 2.53 percent to close up at Rs.142.10.

FMCG major Hindustan Unilever rose 0.98 percent.

Other gainers were Larsen & Toubro (up 0.42 percent) and Grasim Industries (up 0.03 percent).

All the sectoral indices except Consumer Durables (up 1.89 percent) closed in the negative. The biggest losers were Bankex (down 3.21 percent), Metal (down 2.52 percent) and IT (down 2.15 percent).

The BSE Midcap index fell 0.17 percent to close down at 3770.42 while the Smallcap index gained 0.32 percent to close up at 4277.26.

In the broader section, gainers marginally led losers 1,275 to 1,271 on relatively heavy volume of 515.7 million shares.

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