Mumbai: The bears are back with a vengeance. The bourses crashed at mid-session on Monday with the benchmark Sensex losing over 500 points on Bombay Stock Exchange as foreign funds offloaded part of their holdings in blue chip stocks.
It was a bad day for the markets as it saw savage correction. It ended in deep red near the day's low on account of heavy selling in scrips across sectors.
It was a broad based selling with all sector indices ending in red. The downtrend was led by banking stocks after the CRR hike by the RBI followed by the metal stocks.
The Sensex saw a free fall of over 500 points in the mid session and closed with a loss of 400 points. It was the biggest single day fall for Sensex since June 13.
The Sensex closed at 13,399.43 down down 400.06 points or 2.90 per cent at 13399.43, and the Nifty down 112.50 points or 2.84 per cent at 3849.5.
About 569 shares have advanced, 1952 shares declined, and 45 shares are unchanged.
The fall in the midcaps and the smallcap equally hard. The BSE Small Cap Index closed at 6,548.31 down 182 points or 2.7 per cent.
The BSE Midcap Index ended at 5,601.54 down 144 points or 2.51 per cent.
The BSE FMCG Index lost 2.4 per cent at 1,972.08. Shaw Wallace, Colgate, Tata Tea, ITC closed in red.
The BSE Metal Index was down 4 per cent to close at 8,679.74. Tata Steel, Sterlite Ind, JindalStainless, Jindal Saw, Hindalco were among the losers.
The BSE Bankex was down 6.4 per cent at 6,749.78. Bank of India, Bank of Baroda, Federal Bank, PNB, SBI moved downwards.
The BSE Health Care Index was plunged 2 per cent at 3,647.81. Divis Labs, Wockhardt, Glenmark, Orchid Chemical, Sun Pharma, Ranbaxy Labs, Ipca Labs closed lower.
The BSE Capital Goods Index was down 2.4 per cent at 9,133.37. Greaves Cotton, Crompton Greave, KEC Infrastruct, Siemens, Lakshmi Machine ended lower
The BSE Auto Index closed at 5,244.04 down 2.76 per cent. Bharat Forge, Hind Motors, Mah and Mah, TVS Motor, Ashok Leyland and Tata Motors were among the losers.
The BSE IT Index closed at 5,089.15 down 0.8 per cent. Mphasis BFL, HCL Tech, Patni Computer, Satyam, Wipro ended weak.
The BSE Oil and Gas Index closed at 5,966.36 down 2.12 per cent. HPCL, MRPL, IOC, GAIL and BPCL slipped.
The NSE cash turnover was at Rs 9335.04 crore and the NSE F&O turnover was at Rs 41688.85 crore. The BSE cash turnover was Rs 4886.62 crore. Total market wide turnover was at Rs 55910.51 crore.
Markets Today
*Biggest single day loss for Sensex since June 13
*Sensex down 400 points at 13399.43; Nifty down 112.50 points at 3849.50
*All BSE Sectoral Indices end in the red
*BSE Bankex down 6.43 per cent; likely effect of CRR hike
*SBI down 8.18 per cent, ICICI Bank down 6.5 per cent, HDFC Bank down 4.7 per cent
*BSE Metal Index down 4 per cent; Tata Steel down 6 per cent, CSN counter bids for Corus at 515 pence/sh
*Index Losers; Zee down 7.26 per cent, ACC down 6.22 per cent, Bharti Airtel down 4.34 per cent
*BSE IT Index ends marginally down; Infosys, TCS down less than 1 per cent
*CNX Midcap Index down 3.12 per cent; dragged by midcap banking stocks
*Indus Ind bank down 11.4 per cent, Bank of India down 10.15 per cent, Syndicate Bank down 8.25 per cent
*BSE Small-Cap Index down 2.7 per cent
*NSE Advance Decline ratio at 1:9
*Total market turnover at Rs 55910.51 cr Vs Rs 40819.63 cr on Friday.
Comments
0 comment