It was an extremely weak session for the markets as they ended in deep red tracking its global peers. The sub prime problem has impacted stock markets globally Dow has slipped below 13,000 level and Asia closed down 4-6%. Even European markets have opened in red. Also the yen has appreciated against the dollar and is trading at 113.90.
All the BSE sector indices were in deep red ranging between 3-5%. Banking, relaty and metal stocks are the worst hit space today. All the Sensex and Nifty stocks are in red.
Top losers on the indices were Tata Steel & Sterlite down over 8%, Bharti Airtel down & VSNL down over 6% and BHEL & ICICI Bank down 5% each.
Sensex was down 642.70 points or 4.28% at 14358.21, and the Nifty down 191.60 points or 4.38% at 4178.60.
About 979 shares have advanced, 1971 shares declined, and 51 shares are unchanged.
The BSE Small Cap Index closed at 7,797.26 down 3%.
The BSE Midcap Index ended at 6,352.44 down 3%.
The BSE FMCG Index lost 3.5% at 1,855.10. United Spirits, United Brewerie, ITC, Tata Tea, Dabur India, Bata India closed in red.
The BSE Metal Index was down 6% to close at 10,299.61. Tata Steel, Sterlite Ind, Guj NRE Coke, Mah Seamless, Hind Zinc were among the losers
The BSE Health Care Index was down 3% at 3,526.95. Orchid Chemical, Aurobindo Pharm, GlaxoSmithKline, Divis Labs, Matrix Lab closed lower.
The BSE Capital Goods Index was down 4% at 12,214.56. Suzlon Energy, Jyoti Structure, Crompton Greave, Astra Microwave, Praj Industries ended lower
The BSE Auto Index closed at 4,662.17 down 3%. Hind Motors, Apollo Tyres, Tata Motors, Amtek Auto, Maruti Udyog were among the losers.
The BSE IT Index closed at 4,637.13 down 3%. Patni Computer, Financial Tech, TCS, I-Flex Solution, HCL Tech, Wipro ended weak.
The BSE Bankex was down 5% at 7,421.33. Union Bank, Bank of India, IOB, Bank of Baroda, Kotak Mahindra, Oriental Bank closed lower.
The BSE Oil and Gas Index closed at 7,504.59 down 4.5%. Reliance, ONGC, Reliance Natural, HPCL, GAIL ended in red.
The NSE cash turnover was at Rs 11778.41 crore and the NSE F&O turnover was at Rs 46447.41 crore. The BSE cash turnover was Rs 5619.45 crore. Total market wide turnover was at Rs 63845.27 crore.
All the BSE sector indices were in deep red ranging between 3-5%. Banking, relaty and metal stocks are the worst hit space today. All the Sensex and Nifty stocks are in red.
Top losers on the indices were Tata Steel & Sterlite down over 8%, Bharti Airtel down & VSNL down over 6% and BHEL & ICICI Bank down 5% each.
Sensex was down 642.70 points or 4.28% at 14358.21, and the Nifty down 191.60 points or 4.38% at 4178.60.
About 979 shares have advanced, 1971 shares declined, and 51 shares are unchanged.
The BSE Small Cap Index closed at 7,797.26 down 3%.
The BSE Midcap Index ended at 6,352.44 down 3%.
The BSE FMCG Index lost 3.5% at 1,855.10. United Spirits, United Brewerie, ITC, Tata Tea, Dabur India, Bata India closed in red.
The BSE Metal Index was down 6% to close at 10,299.61. Tata Steel, Sterlite Ind, Guj NRE Coke, Mah Seamless, Hind Zinc were among the losers
The BSE Health Care Index was down 3% at 3,526.95. Orchid Chemical, Aurobindo Pharm, GlaxoSmithKline, Divis Labs, Matrix Lab closed lower.
The BSE Capital Goods Index was down 4% at 12,214.56. Suzlon Energy, Jyoti Structure, Crompton Greave, Astra Microwave, Praj Industries ended lower
The BSE Auto Index closed at 4,662.17 down 3%. Hind Motors, Apollo Tyres, Tata Motors, Amtek Auto, Maruti Udyog were among the losers.
The BSE IT Index closed at 4,637.13 down 3%. Patni Computer, Financial Tech, TCS, I-Flex Solution, HCL Tech, Wipro ended weak.
The BSE Bankex was down 5% at 7,421.33. Union Bank, Bank of India, IOB, Bank of Baroda, Kotak Mahindra, Oriental Bank closed lower.
The BSE Oil and Gas Index closed at 7,504.59 down 4.5%. Reliance, ONGC, Reliance Natural, HPCL, GAIL ended in red.
The NSE cash turnover was at Rs 11778.41 crore and the NSE F&O turnover was at Rs 46447.41 crore. The BSE cash turnover was Rs 5619.45 crore. Total market wide turnover was at Rs 63845.27 crore.
Source: moneycontrol.com
