NAVs see sharp decline as mkts crash
April 17th, 2009
As the benchmark indices retreated sharply and snapped the two-day rally on the back of profit booking in heavyweights, equity diversified NAVs also declined with advance:decline ratio of 5:218. Infrastructure, rate sensitives, commodities and telecom stocks witnessed huge selling pressure.
The 30-share BSE Sensex closed at 10,947.40, down 337.33 points or 2.99% and the 50-share NSE Nifty ended at 3369.50, down 3.29% or 114.65 points. Broader indices – the BSE Midcap Index shut shop at 3,438.73, down 163.16 points or 4.53% and the Smallcap Index declined 4.72% or 194.46 points, to settle at 3,928.99.