The Indian market closed in a deep red note for the fifth straight trading session. The market opened with a huge gap down on the back of negative cues from the global markets. The market traded in red through out the trading session and the investors took calculated steps to book their positions. The annual inflation that moved up 3.79% in the week ended 5 January 2008 compared with 3.5% in the week ended 29 December 2007 also added to the negative sentiments in the markets. The Small Caps and Mid Caps were also the most hit as they face heavy selling pressures across the counters. The BSE Sensex closed lower by 687.12 points at 19,013.70 and NSE Nifty fell by 207.9 points to close at 5,705.30. The BSE Mid Cap and Small Cap closed with heavy losses of 446.30 points and 579.84 points at 8,893.71 and 12,160.45 respectively.
BSE Metal index closed lower by 888.20 points at 17,258.80. Scrips that slipped are Jindal Steel (9.38%), Ispat Inds (7.21%), Jindal Stainless (6.71%), JSW Steel (5.36%) and Sterlite Inds (5.27%).
BSE Oil & Gas index slipped by 786.46 points to close at 12,594.91. Scrips that dropped are Essar Oil (8.09%), IOCL (7.58%), Reliance Inds (6.57%), Aban Offshore (5.89%), RPL (4.81%) and ONGC (3.33%).
BSE Realty index closed lower by 741.45 points at 12,021.74 as Ansal Infra (12.69%), Penland (11.49%), HDIL (10.57%), Omaxe (6.33%), Mahindra Life (6.10%) and Anant Raj (5.85%) closed lower.
BSE Capital Goods index fell by 598.19 points to close at 18,333.63. Scrips that dropped are Praj Inds (8.50%), Crompton Greaves (5.68%), SKF India (4.22%), L&T (3.62%) and Seimens (2.43%).
BSE Bankex index fell by 598.73 points to close at 11,372.41. Scrips that fell are Kotak bank (10.46%), Canara bank (9.61%), BOI (9.21%), BOB (6.49%), Oriental bank (5.77%) and ICICI bank (5.78%).
BSE IT index dropped by 62.90 points to close at 3,790.64 as Educomp Soln (12.24%), Aptech (9.51%), NIIT Tech (6.96%), Mosear Baer (6.42%), Tech Mahindra (5.27%) closed in red.
BSE Metal index closed lower by 888.20 points at 17,258.80. Scrips that slipped are Jindal Steel (9.38%), Ispat Inds (7.21%), Jindal Stainless (6.71%), JSW Steel (5.36%) and Sterlite Inds (5.27%).
BSE Oil & Gas index slipped by 786.46 points to close at 12,594.91. Scrips that dropped are Essar Oil (8.09%), IOCL (7.58%), Reliance Inds (6.57%), Aban Offshore (5.89%), RPL (4.81%) and ONGC (3.33%).
BSE Realty index closed lower by 741.45 points at 12,021.74 as Ansal Infra (12.69%), Penland (11.49%), HDIL (10.57%), Omaxe (6.33%), Mahindra Life (6.10%) and Anant Raj (5.85%) closed lower.
BSE Capital Goods index fell by 598.19 points to close at 18,333.63. Scrips that dropped are Praj Inds (8.50%), Crompton Greaves (5.68%), SKF India (4.22%), L&T (3.62%) and Seimens (2.43%).
BSE Bankex index fell by 598.73 points to close at 11,372.41. Scrips that fell are Kotak bank (10.46%), Canara bank (9.61%), BOI (9.21%), BOB (6.49%), Oriental bank (5.77%) and ICICI bank (5.78%).
BSE IT index dropped by 62.90 points to close at 3,790.64 as Educomp Soln (12.24%), Aptech (9.51%), NIIT Tech (6.96%), Mosear Baer (6.42%), Tech Mahindra (5.27%) closed in red.
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