Sensex loses 500 pts, ends below 13k mark

Sensex loses 500 pts, ends below 13k mark

After losing nearly one thousand points in just two sessions, the Sensex had another disastrous outing today as weak global markets, political uncertainties and other negative factors such as high crude oil prices, inflation and hardening interest rates sent prices of several front line stocks crashing to new 52-week lows.


The BSE barometer, which had touched a historic high of 21,206.77 in intra-day trades on 10 January 2008, plunged to a low of 12,904.09 in late afternoon trade today. It finally settled at 12,961.88 with a massive loss of 499.92 points or 3.71%. The Nifty, which dropped down to 3878.20, ended with a loss of 143.80 points or 3.56% at 3896.75.

Realty stocks came down with a thud once again. Mirroring heavy selling in these stocks, the BSE Realty index tumbled by 7.21% today. The Bankex fell 5.62% and the Metal index lost 5.4%.
The Auto, CD and Power indices declined by 4.91%, 4.28% and 4.24% respectively. BSE Oil & Gas, Teck, CG and PSU indices lost 3% - 4%. The IT index eased by 1.74% while the Healthcare and FMCG indices slipped by 2.17% and 2.83% respectively.

NTPC, the lone gainer from the Sensex, moved up by a little over a per cent to Rs 153.20. From the Nifty pack, besides NTPC, HCL Technologies (2.85%) and Tata Communications (2.05%) closed on a positive note today.

Reliance Infrastructure and Reliance Communications went down by around 10.5% to Rs 688 and Rs 392 respectively. Mahindra & Mahindra lost 9.25%. Maruti Suzuki eased by over 8%.


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Source: www.SIfy.com/finance