Sensex down by 122 points

The scene at the National Stock Exchange NSE was similar to that of the BSE and the NSE Nifty index opened at 1634.65, touched the day8217;s high of 1644.40 a low of 1596.65, before closing at 1600.05, showing a net loss of 34.80 points from the previous close of 1634.85.

Select scrips mainly from the media and communcations like Zee, Sri Adhikari, HFCL, Crest Communication, Silverline and Hindalco posted handsome gains in the falling market. However, the losers big list include ACC, Bajaj Auto, BHEL, Colgate, Guj Ambuja, ICICI, Ind Hotel, ITC, Larsen, Mahindra and Mahindra, MTNL, Nestle, NIIT, Novartis, Reliance, SBI, TISCO and TELCO which recorded sharp decline over their previous close.