Markets closed in the red finally, after witnessing a tight trading session from the morning. Telecom, metal and real estate stocks had seen major cuts dragging the indices lower. Midcap stocks were also hit.
The Nifty closed at 5333, down by 28 pts or -0.52%.
Coal India (COALINDIA) closed 1% lower from yesterday’s close.
Auto Major M&M was down by 3.2%.
L&T was down by 2%.
Some of the Midcap stocks lost heavily.
Airline stocks were on the high, after the Govt. announced relief by allowing direct import of the ATF by the airline companies. Jet Airways ( JETAIRWAYS ) was up by nearly 14% during the close. Kingfisher Airlines (KFA) was up by 13%. Stocks of Spice Jet (MODILUFT) were up by 11% at the end of the trading session.