Stock Market Closing News:
The market lost sheen in last hour of trade especially
after the Supreme Court order on coal block allocation case. The Sensex rallied
more than 200 points intraday to hit a new high of 26630.74 but failed to
maintain those gains, up 17.47 points to 26437.02 at close.
Nifty too erased
all its gains but managed to hold the 7900 leve, down 6.90 points to 7906.30.
About 1399 shares have advanced, 1619 shares declined, and 74 shares are
unchanged.
Metals, power, banks and realty stocks saw major selling
pressure while defensives like FMCG and IT supported the market.
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