New Delhi: The markets closed in red on the last trading session of the week, mirroring the trend in the Asian and other emerging markets.
The Sensex plunged 140 points and the Nifty closed with a loss of 42 points.
Cement stocks witnessed heavy selling followed by oil & gas and banking stocks.
Scrips from the metal sector held their gains providing support to the market at the lower levels.
The major losers on the indices are Gujarat Ambuja, ACC, Grasim, Reliance, ICICI Bank, ONGC, BPCL and ITC.
Among the few gainers were stocks like Tata Steel, Tata Motors, Hindalco, Hero Honda, NTPC and Dabur India.
* On the corporate front, the Government has asked cement companies to come up with proposals by Monday to curtail cement prices.
* DLF is likely to file DRHP on Friday for biggest ever-Indian IPO.
* Unitech board will meet to discuss on the bonus and stock split.
* VIP, Blow Plast board will meet on Friday to finalise merger.
* Italcementi set to buy 50 per cent in Zurai Cement from Zuari Ind; board approval likely in Saturday meet
* RIL hikes petrol prices in its outlets by Rs 2.58.
* Dabur in talks to buy a listed FMGC co in US.
On the macroeconomic front, March Industrial output stood at 7.7 per cent versus 9.8 per cent year ago, FY06 Industrial output is at 8 per cent versus 8.4 per cent and the March manufacturing output up 8.9 per cent vs 10.9 per cent year ago.
Inflation for week ended April 29 is at 3.59 per cent versus 3.54 per cent.
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