It was an extremely disappointing day as Sensex saw its third biggest fall single day absolute fall. Both Sensex and Nifty were down over 4% each. Selling was seen in scrips across sectors.
The fall can be attributed to negative news flow on subprime motgage worries from the US. Asia also ended in deep red down between 3%-4%. Taiwan saw the highest fall and was down 4.3% followed by Seoul Comp, Jakarta Comp, Strait Times and Shanghai Comp.
Europ opened in red, CAC and DAX were down nearly 2% each.
All the BSE sector indices closed in deep red. Realty index was the worst hit down over 6% followed by bank, capital goods, metal and oil & gas downover 4% each.
The broader markets also closed in red, with acut of nearly 4%. All the Sensex stocks closed in the red.
On the F&O side Nifty futures discount widened to 42 points; OI was up 78.9 lakh shares. SAIL was down 5%, added 46.4 lakh shares in open. ITC was down Over 3.3%, added 19.6 lakh shares in open interest and Bharti was down 4.4%, added 17.8 lakh shares in open interest.
Sensex was down 615.22 points or 3.96% at 14935.77, and the Nifty down 183.00 points or 4.04% at 4345.85.
About 691 shares have advanced, 2240 shares declined, and 53 shares are unchanged.
The BSE Midcap Index ended at 6,461.46 down 256 points or 3.8%.
The BSE Smallcap Index ended at 7,775.90 down 294 points or 3.7%.
The BSE Bankex was down 4% at 8,055.14. Union Bank, Bank of India, Allahabad Bank, PNB, Canara Bank moved downwards.
The BSE Capital Goods Index was down 4.7% at 12,697.41. Bharat Elec, AIA Engineering, Crompton Greave, Bharat Bijlee, Reliance Infra, Alstom Projects, Punj Lloyd closed lower.
The BSE Auto Index closed at 4,771.54 down 3.3%. Escorts, Mah and Mah, Tata Motors, Exide Industrie, Bharat Forge, Cummins, Hind Motors closed higher.
The BSE Metal Index closed at 11,071.28 down 5%. Shree Precoated, Hindalco, Sterlite Ind, JindalStainless, Hind Zinc, JSW Steel closed lower.
The BSE FMCG Index closed at 1,926.21 down 2.4%. Tata Tea, Colgate, United Brewerie, Dabur India, United Spirits closed higher.
BSE Oil and Gas Index closed at 7,772.65 down 4.4%. Petronet LNG, Reliance Natura, Reliance, HPCL, BPCL ended in red.
The BSE IT Index lost 3% at 4,711.32. Patni Computer, Financial Tech, HCL Tech, I-Flex Solution closed lower.
The BSE Realty index was down 6.6% at 7,332.51. HDIL, Indiabulls Real, Parsvnath, Peninsula Land, Unitech, Sobha Developer ended in deep red.
The NSE cash turnover was at Rs 12640.07crore and the NSE F&O turnover was at Rs 55904.92 crore. The BSE cash turnover was Rs 6634.82 crore. Total market wide turnover was at Rs 75179.81 crore.
The fall can be attributed to negative news flow on subprime motgage worries from the US. Asia also ended in deep red down between 3%-4%. Taiwan saw the highest fall and was down 4.3% followed by Seoul Comp, Jakarta Comp, Strait Times and Shanghai Comp.
Europ opened in red, CAC and DAX were down nearly 2% each.
All the BSE sector indices closed in deep red. Realty index was the worst hit down over 6% followed by bank, capital goods, metal and oil & gas downover 4% each.
The broader markets also closed in red, with acut of nearly 4%. All the Sensex stocks closed in the red.
On the F&O side Nifty futures discount widened to 42 points; OI was up 78.9 lakh shares. SAIL was down 5%, added 46.4 lakh shares in open. ITC was down Over 3.3%, added 19.6 lakh shares in open interest and Bharti was down 4.4%, added 17.8 lakh shares in open interest.
Sensex was down 615.22 points or 3.96% at 14935.77, and the Nifty down 183.00 points or 4.04% at 4345.85.
About 691 shares have advanced, 2240 shares declined, and 53 shares are unchanged.
The BSE Midcap Index ended at 6,461.46 down 256 points or 3.8%.
The BSE Smallcap Index ended at 7,775.90 down 294 points or 3.7%.
The BSE Bankex was down 4% at 8,055.14. Union Bank, Bank of India, Allahabad Bank, PNB, Canara Bank moved downwards.
The BSE Capital Goods Index was down 4.7% at 12,697.41. Bharat Elec, AIA Engineering, Crompton Greave, Bharat Bijlee, Reliance Infra, Alstom Projects, Punj Lloyd closed lower.
The BSE Auto Index closed at 4,771.54 down 3.3%. Escorts, Mah and Mah, Tata Motors, Exide Industrie, Bharat Forge, Cummins, Hind Motors closed higher.
The BSE Metal Index closed at 11,071.28 down 5%. Shree Precoated, Hindalco, Sterlite Ind, JindalStainless, Hind Zinc, JSW Steel closed lower.
The BSE FMCG Index closed at 1,926.21 down 2.4%. Tata Tea, Colgate, United Brewerie, Dabur India, United Spirits closed higher.
BSE Oil and Gas Index closed at 7,772.65 down 4.4%. Petronet LNG, Reliance Natura, Reliance, HPCL, BPCL ended in red.
The BSE IT Index lost 3% at 4,711.32. Patni Computer, Financial Tech, HCL Tech, I-Flex Solution closed lower.
The BSE Realty index was down 6.6% at 7,332.51. HDIL, Indiabulls Real, Parsvnath, Peninsula Land, Unitech, Sobha Developer ended in deep red.
The NSE cash turnover was at Rs 12640.07crore and the NSE F&O turnover was at Rs 55904.92 crore. The BSE cash turnover was Rs 6634.82 crore. Total market wide turnover was at Rs 75179.81 crore.
Source:Moneycontrol.com
