The Sensex opened marginally (11 points) lower at 13,791, but moved up to a high of 13,872 in early deals.
Relentless selling in heavyweights like ICICI Bank and Reliance saw the index drop to a low of 13,405 - an intra-day decline of 467 points.
The Sensex finally closed with a huge loss of 341 points (2.47%) at 13,462.
The BSE Realty index plunged nearly 7% (332 points) to 4,543. The BSE Oil & Gas index declined over 4% (378 points) to 9,009. The BSE Consumer Durables, Power, Capital Goods and Bankex also dropped sharply today.
Market breadth was extremely bearish - out of nearly 2,700 scrips traded, over 2,100 declined today.
Reliance Infrastructure plunged over 11% (Rs 102) to Rs 751. ACC declined nearly 10% to Rs 512. Ambuja Cement was down 7% at Rs 73.
Reliance dropped over 4% to Rs 2,076. SBI slipped 4% to Rs 1,101, and L&T was down 3.7% at Rs 2,165.
ICICI Bank, Tata Motors, RCom, DLF and HDFC also declined today.
Infosys advanced 1.6% to Rs 1,735. Hindalco added 2% at Rs 142. ITC, Jaiprakash, NTPC and BHEL also closed with gains.
Reliance was the most active counter with a turnover of Rs 379 crore followed by Reliance Petroleum (Rs 262 crore), Reliance Capital (Rs 243 crore), MVL (Rs 210 crore) and Niraj Cement (Rs 148 crore).
Chandramugi part 2
14 years ago
