It was a weak day for the markets accompanied by volatility and unceratinity on account of subprime mortgage worries. The markets opened with a gap up of 200 points but slipped in red on weak global cues, swinging by nearly 500 points.
The fall was inline with the Europe meltdown on news that BNP Paribas has freezed 3 asset backed funds on US subprime losses. BNP Paribas SA, France's biggest bank, halted withdrawals from three investment funds because it can't ``fairly'' value their holdings, as concern over U.S. subprime mortgage losses roils credit markets.
Selling was seen in scrips across sectors. Leading the downtrend were IT, oil gas and FMCG stocks. The broader markets also sild and ended lower.
Sensex was down 207.83 points or 1.36% at 15100.15, and the Nifty down 58.90 points or 1.32% at 4403.20.
About 1181 shares have advanced, 1749 shares declined, and 62 shares are unchanged.
The BSE Midcap Index ended at 6,559.58 down 1.6%.
The BSE Smallcap Index ended at 7,964.12 down 1%.
The BSE Bankex was down 1.3% at 7,975.48. Bank of Baroda, Union Bank, Allahabad Bank, Federal Bank, SBI moved downwards.
The BSE Capital Goods Index was down 1% at 12,883.72. Crompton Greave, AIA Engineering, Alstom Projects, Gammon India, Punj Lloyd, Jyoti Structure, Reliance Infra, Praj Industries closed lower.
The BSE Health Care Index was down 0.6% at 3,651.28. Apollo Hospital, Cadila Health, Ranbaxy Labs, Glenmark, Aurobindo Pharm closed lower.
The BSE Auto Index closed at 4,769.15 down 1%. Exide Industrie, MICO, Amtek Auto, Tube Investment, Cummins closed higher.
The BSE Metal Index closed at 11,118.87 down 1%. Shree Precoated, Hindalco, Jindal Steel, JSW Steel, Mah Seamless, Jindal Saw closed lower.
The BSE FMCG Index closed at 1,920.03 down 2%. Marico, United Spirits, GlaxoSmith Con, United Brewerie, Colgate closed lower.
BSE Oil and Gas Index closed at 7,891.15 down 2%. Reliance Natura, Essar Oil, GAIL, ONGC ended in red.
The BSE IT Index lost 1.6% at 4,733.85.Mphasis, Financial Tech, I-Flex Solution, Satyam, Infosys closed lower.
The NSE cash turnover was at Rs 11846.62 crore and the NSE F&O turnover was at Rs 55930.24 crore. The BSE cash turnover was Rs 5478.43 crore. Total market wide turnover was at Rs 73255.29 crore.
The fall was inline with the Europe meltdown on news that BNP Paribas has freezed 3 asset backed funds on US subprime losses. BNP Paribas SA, France's biggest bank, halted withdrawals from three investment funds because it can't ``fairly'' value their holdings, as concern over U.S. subprime mortgage losses roils credit markets.
Selling was seen in scrips across sectors. Leading the downtrend were IT, oil gas and FMCG stocks. The broader markets also sild and ended lower.
Sensex was down 207.83 points or 1.36% at 15100.15, and the Nifty down 58.90 points or 1.32% at 4403.20.
About 1181 shares have advanced, 1749 shares declined, and 62 shares are unchanged.
The BSE Midcap Index ended at 6,559.58 down 1.6%.
The BSE Smallcap Index ended at 7,964.12 down 1%.
The BSE Bankex was down 1.3% at 7,975.48. Bank of Baroda, Union Bank, Allahabad Bank, Federal Bank, SBI moved downwards.
The BSE Capital Goods Index was down 1% at 12,883.72. Crompton Greave, AIA Engineering, Alstom Projects, Gammon India, Punj Lloyd, Jyoti Structure, Reliance Infra, Praj Industries closed lower.
The BSE Health Care Index was down 0.6% at 3,651.28. Apollo Hospital, Cadila Health, Ranbaxy Labs, Glenmark, Aurobindo Pharm closed lower.
The BSE Auto Index closed at 4,769.15 down 1%. Exide Industrie, MICO, Amtek Auto, Tube Investment, Cummins closed higher.
The BSE Metal Index closed at 11,118.87 down 1%. Shree Precoated, Hindalco, Jindal Steel, JSW Steel, Mah Seamless, Jindal Saw closed lower.
The BSE FMCG Index closed at 1,920.03 down 2%. Marico, United Spirits, GlaxoSmith Con, United Brewerie, Colgate closed lower.
BSE Oil and Gas Index closed at 7,891.15 down 2%. Reliance Natura, Essar Oil, GAIL, ONGC ended in red.
The BSE IT Index lost 1.6% at 4,733.85.Mphasis, Financial Tech, I-Flex Solution, Satyam, Infosys closed lower.
The NSE cash turnover was at Rs 11846.62 crore and the NSE F&O turnover was at Rs 55930.24 crore. The BSE cash turnover was Rs 5478.43 crore. Total market wide turnover was at Rs 73255.29 crore.
Source: Moneycontrol.com
