Sensex ends 383 pts down : Sify

Sensex ends 383 pts down
India's Sensex Falls to Three-Week Low;
Sensex tumbles by another 422 pts in

NSE 5935.75 -138.50
BSE 19868.11 -382.98



Taking global cues, equities, led by index heavyweights plunged sharply into the red and sent the benchmark BSE index Sensex crashing down by over 400 points in early trade today. The Nifty went down by over 125 points within minutes. There was a recovery of sorts around late morning but lack of support at higher levels saw sent the premier indices plunge far deeper into the red in afternoon trade.

Though a few blue chip stocks rebounded strongly from their lower levels during the closing minutes, the Sensex, which had plunged to a low of 19,513.25 - it was down with a massive loss of 738 points at that stage - in intra-day trades, ended the session with a huge loss of 382.98 points or 1.89% at 19,868.11 today.

The Nifty, which nosedived to a low of 5825.75 in afternoon trade, ended at 5935.75 with a big loss of 138.50 points at 5935.75.

Metal, power, capital goods, FMCG, realty stocks were among the worst hit today. Several auto, oil and bank stocks also had a weak outing.

Mid and smallcap stocks went down sharply once again. Mirroring the sell-off in these segments, the Midcap and Smallcap indices eased by 1.75% and 1.83% respectively.

ICICI Bank (1.35%) was the best performer from the Sensex pack today. Bharti Airtel, which opened on a very weak note, rallied smartly in afternoon trade to finish with a sharp gain of 0.9%. Tata Consultancy Services, which remained positive right through the session, closed with a gain of 0.7%. Mahindra & Mahindra (0.55%), Cipla (0.35%) and State Bank of India (0.3%) were the other gainers from the Sensex.

HDFC Bank (down 6.1%), Reliance Communications (down 5.85%), NTPC (down 5.55%), BHEL (down 4.4%), Reliance Energy (down 4.1%), DLF (down 4.1%), Tata Steel (down 3.9%), ITC (down 3.4%) and Hindalco (down 3.4%) closed with big losses.

Ranbaxy Laboratories, Maruti Suzuki, Tata Motors, HDFC, Satyam Computer Services, Reliance Industries and ACC ended 1% - 2% down from their previous closing levels. ONGC and Larsen & Toubro lost 1.85% and 1.75% respectively.

Grasim Industries, Wipro, Bajaj Auto, Ambuja Cements, Hindustan Unilever and Infosys Technologies lost 0.5% - 1% today.

Sterlite Industries, Unitech, Tata Power, Nalco, Cairn India, Idea Cellular, VSNL, Suzlon Energy, Punjab National Bank, HCL Technologies, ABB and Siemens finished with sharp losses today. SAIL, Zee Entertainment, BPCL and Reliance Petroleum closed with notable gains.

Omaxe, Lanco Infratech, GE Shipping, JSW Steel, Spice Telecom, Gillette, HTMT Global, Micro Inks, Essel Propack, Jaiprakash Associates, India Cements, Alok Industries, Birla Corporation, FDC and EIH Limited were among the prominent losers from BSE 'A' Group.

Indian Bank, MphasiS, Rashtriya Chemicals & Fertilizers, Apollo Tyres, IDBI, Procter & Gamble, Sun TV Network, Bank of India, IDFC, IndusInd Bank, CESC, Bharat Electronics, Novartis and Gujarat Narmada posted sharp gains today.

The market breadth was weak. Out of 2840 stocks traded on BSE, as many as 2207 stocks ended in the negative territory today. 615 stocks closed with gains and 18 stocks ended at their previous closing levels.

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