Worst closing in 13 months: Sensex tanks 563 points, Nifty at 7657
Worst closing in 13 months: Sensex tanks 563 points, Nifty at 7657

Mumbai: 3:30 PM: The Sensex ended down 562.88 points or 2 percent at 25201.90 and the Nifty tanked 165.45 points or 2 percent at 7657.55. About 585 shares advanced, 2112 shares declined, and 80 shares were unchanged.

2:00 PM: The Sensex is down 601.63 points or 2.3 percent at 25163.15, and the Nifty slips 183.90 points or 2.3 percent at 7639.10. About 371 shares have advanced, 2137 shares declined, and 78 shares are unchanged.

12:00 PM: The market remained under immense selling pressure. The 30-share BSE Sensex dropped 468.62 points or 1.82 percent to 25296.16 and the 50-share NSE Nifty shed 147 points or 1.88 percent to 7676, dragged by banks, metals & oil and gas stocks.

9:00 AM: The benchmark BSE Sensex plunged over 521 points and the NSE Nifty fell below 7,700-mark in early trade today as retail investors booked profits after amid sustained capital outflows by foreign funds.

A weak trend on other Asian markets as investors turned cautious ahead of the US job data to be released later in the day, also triggered selling by participants. The 30-share barometer, which gained 311.22 points in the previous session, tanked 521.63 points, or 2.02%, to 25,243.15.

All the sectoral indices, led by realty and bankex, were trading in the negative zone with losses of up to 3.75%.

The National Stock Exchange index Nifty dipped below the crucial 7,700-mark by falling 134.10 points, or 1.71%, to 7,688.90. Brokers said besides profit-booking by speculators and sustained capital outflows by foreign funds, a weak trend on other Asian bourses with investors awaiting a key US jobs report influenced sentiments in Indian markets.

The European Central Bank indicating that it could expand its stimulus also weighed on the market sentiment, they said.

Brokers also said that fears of poor agriculture output as monsoon deficit widened triggered selling in stocks. Among other Asian markets, Japan's Nikkei was trading 1.13% down, while Hong Kong's Hang Seng shed 0.19% in early trade today.

The US Dow Jones Industrial Average, however, ended 0.14% higher in Thursday's trade.

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