Mkts end in deep red; oil stocks drag

Mumbai: The markets ended in deep red as profit booking set in during the final hours of trade on Friday. The BSE Sensex made a hefty loss of 258.44 points and closed at 10,509.53 and the Nifty closed at 3076 down 81 points.

The fall was inline with the Asian peers. The BSE Small Cap Index closed at 5,239.49, down 93 points.

The BSE Midcap Index ended at 4,328.05, down 87 points.

All the BSE sectoral indices were in red. Oil and gas, metal and auto indices were among the top laggards.

Markets today:

• Markets slip on sell-off in late trade; metal, oil stocks drag
• Political concerns weigh on sentiment; divestment process stalled
• Sensex, Nifty down over two per cent each after being up over one per cent intra-day
• All major sector indices also end in negative territory
• BSE Metals index down 3.5 per cent; SAIL down five per cent, Tata Steel down 4.5 per cent
• BSE Oil & Gas index down 3.6 per cent; RIL down 4.8 per cent, HPCL down 4.5 per cent
• BSE Auto index down two per cent; Hero Honda down 3.6 per cent, Tata Motors down 3.5 per cent
• BSE FMCG, IT indices down over two per cent; ITC down 3.5 per cent, Wipro down 4.5 per cent
• Midcap stocks also slip into the red; NSE CNX Midcap index down two per cent
• Market breadth negative; NSE Advance: Decline ratio 1:4

The BSE Bankex was down 0.7% at 4,368.12. Allahabad Bank, Oriental Bank, Canara Bank, SBI and Bank of Baroda were among the losers.

The NSE cash turnover was at Rs 6642.5 crore and the NSE F&O turnover was at Rs 24252.51 crore. The BSE cash turnover was Rs 3022.56 crore. Total market wide turnover was at Rs 33917.57 crore.