The domestic market today crushed badly to gave up all its yesterday’s gains to close in deep red. High oil prices and weak global cues led the market opened on extremely negative note and gave up its yesterday’s gains. The domestic political uncertainty in our country also adds on to the sense of fear among investors. It lost further ground and continued to slip sharply as metal, realty, power, banking, capital goods and oil stocks were getting huge beating on the bourses. BSE Sensex traded around 13,000 points today and NSE Nifty 3,900. All indices closed in red and among those Metal, Capital Goods, Reality and Bank stocks were worst performers as witnessed most of the selling pressure. Reality index slipped over 9% and Metal over 8%. The market breadth was negative as 750 stocks closed in green while 1876 stocks closed in red and 59 stocks remained unchanged.
The BSE Sensex closed lower by 570.51 points at 13,094.11 and NSE Nifty ended down by 167.60 points at 3,925.75. The BSE Mid Caps and Small Cap closed negative with fall of 149.54 points and 157.63 points 5,161.76 and 6,349.17 respectively. The BSE Sensex touched intraday high 13,530.68 of and intraday low of 12,934.92.
Lossers from the BSE are Tata Steel (11.30%), DLF Ltd (9.93%), Reliance Infra (8.72%), ICICI Bank Ltd (7.89%), Reliance Com Ltd (6.91%), ACC Ltd (5.94%), ITC Ltd (5.71), Tata Motors (5.55%) and Grasim Indus Ltd (5.45%).
The Metal index closed down by 1,125.47 points at 12,113.55. Lossers are Gujarat Nre C (13.47%), Tata Steel (11.30%), Steel Authority (9.80%), JSW SL (8.41%), Sterlite In (7.99%) and Ispat Industries (6.59%).
The Reality Index closed lower by 435.97 points at 4,295.22. Lossers are Sobha Dev (10.25%) along with Unitech Ltd (9.99%), DLF Ltd (9.93%), Housing Dev (9.36%), Anant Raj (8.71%) and Indiabulls Real (8.65%).
The Capital Goods index dropped by 310.86 points to close at 10,007.28. Major lossers are Suzlon Energy (10.23%), Punj Lloyd (7.64%), Elecon Eng C (5.33%), Siemens Ltd (4.96), Alstom Proje (3.99%) and L&T Ltd (2.75%).
The Oil & Gas index closed down by 272.82 points at 8,922.47. As Aban Offshore (7.38%), Essar Oil Ltd (7.20%), Reliance Natural Resources (6.17%), Reliance Petroleum (3.81%) and Relaince (3.36%) closed in negative territory.
The Banking index closed lower by 271.84 points at 5,647.79. Lossers are Kotak Bank (11.02%), Karnataka bank (9.28%), Axis Bank (8.82%), Yes Bank (8.12%), ICICI Bank Ltd (7.89%), Kanara Bank (4.12%) and Andhara Bank (4.05%).
The IT index closed down by 139.13 points at 4,038.62. As HCL Techn (7.81%), Moser Bayer (6.41%), Mphasis Ltd (6.17%), NIIT Tech (4.43%), Infosys Tech (4.00%) and NIITB Ltd (4.00%) closed in negative territory.
The BSE Sensex closed lower by 570.51 points at 13,094.11 and NSE Nifty ended down by 167.60 points at 3,925.75. The BSE Mid Caps and Small Cap closed negative with fall of 149.54 points and 157.63 points 5,161.76 and 6,349.17 respectively. The BSE Sensex touched intraday high 13,530.68 of and intraday low of 12,934.92.
Lossers from the BSE are Tata Steel (11.30%), DLF Ltd (9.93%), Reliance Infra (8.72%), ICICI Bank Ltd (7.89%), Reliance Com Ltd (6.91%), ACC Ltd (5.94%), ITC Ltd (5.71), Tata Motors (5.55%) and Grasim Indus Ltd (5.45%).
The Metal index closed down by 1,125.47 points at 12,113.55. Lossers are Gujarat Nre C (13.47%), Tata Steel (11.30%), Steel Authority (9.80%), JSW SL (8.41%), Sterlite In (7.99%) and Ispat Industries (6.59%).
The Reality Index closed lower by 435.97 points at 4,295.22. Lossers are Sobha Dev (10.25%) along with Unitech Ltd (9.99%), DLF Ltd (9.93%), Housing Dev (9.36%), Anant Raj (8.71%) and Indiabulls Real (8.65%).
The Capital Goods index dropped by 310.86 points to close at 10,007.28. Major lossers are Suzlon Energy (10.23%), Punj Lloyd (7.64%), Elecon Eng C (5.33%), Siemens Ltd (4.96), Alstom Proje (3.99%) and L&T Ltd (2.75%).
The Oil & Gas index closed down by 272.82 points at 8,922.47. As Aban Offshore (7.38%), Essar Oil Ltd (7.20%), Reliance Natural Resources (6.17%), Reliance Petroleum (3.81%) and Relaince (3.36%) closed in negative territory.
The Banking index closed lower by 271.84 points at 5,647.79. Lossers are Kotak Bank (11.02%), Karnataka bank (9.28%), Axis Bank (8.82%), Yes Bank (8.12%), ICICI Bank Ltd (7.89%), Kanara Bank (4.12%) and Andhara Bank (4.05%).
The IT index closed down by 139.13 points at 4,038.62. As HCL Techn (7.81%), Moser Bayer (6.41%), Mphasis Ltd (6.17%), NIIT Tech (4.43%), Infosys Tech (4.00%) and NIITB Ltd (4.00%) closed in negative territory.
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