Indian market slipped sharply to conclude with losses. Both Nifty and Sensex plunged to 2008 lows due to heavy selling pressure across the board led by concerns of a possible increase in interest rates. The domestic market started the day on a weak note tracking negative global cues and showed some sign of recovery for a moment during early trade but again lost the momentum to kept on hovering in the negative region through out the session. Further, it carried on to gather the selling pressure to close in red. The BSE Sensex was trading below 15000 mark and NSE Nifty below 4500. From the sectoral front, only pharma and oil & gas indices were in limelight as they witnessed the buying in their baskets while all other stocks closed in red mainly banking, metal, reality and IT stocks remained out of favor. The market breadth was weak as 1,667 stocks closed in red while 964 stocks closed in green.
The BSE Sensex closed lower by 176.85 points at 14,889.25 and NSE Nifty fell by 51.95 points to close at 4,449.80. The BSE Mid Caps and Small Cap closed lower by 66.50 points and 75.38 points at 6,103.83 and 7,341.86 respectively. The BSE Sensex touched intraday high 15,088.03 and intraday low of 14,645.31.
Losers from the BSE are HDFC (4.79%), ONGC (4.74%), HDFC Bank Ltd (4.46%), TCS Ltd (3.89%), JP Associates (3.54%), Infosys Tech (2.89%), Satyam Computer (2.76%), ITC Ltd (2.66%), Reliance Infra (2.59%) and ICICI Bank Ltd (2.47%).
The Banking index fell by 170.99 points to close at 6,862.33 as Canara Bank (6.99%), Federal Bank (5.13%), HDFC Bank Ltd (4.46%), Axis Bank (3.25%), Yes Bank (2.94%), and Andhra Bank (2.76%) closed in negative territory.
The Metal index declined by 123.69 points to close at 15,265.92. Major losers are ShPrecoasted (4.74%), Welspan Gujarat Sr (4.31%), Sterlite Industries (4.22%), Nat Alum Co (2.73%), Jindal Steel (2.05%) and Jindal Saw (1.69%).
The Realty index closed down by 121.61 points at 5,630.61. Losers are Akruti City (5.97%), Pheonix Mill (5.36%), Ansal Infra (5.27%), Purvankara (4.67%), Anant Raj In (3.80%), and Housing Development (3.73%).
The IT Index closed lower by 121.02 points at 4,283.96. Losers are Tech Mahindra (6.99%) along with Mphasis Ltd (3.98%), TCS Ltd (3.89%), Rolta India (3.47%), HCL Tech (3.25%), NIIT Tech (3.24%) and Infosys Tech (2.89%).
The Health Care index closed higher by 93.16 points at 4,411.91. Gainers are Cipla Healthcare (8.09%), Ranbaxy Lab (6.53%), Divi's Lab (4.76%), Aurobindo Pharma (3.84%), Orchid (3.19%) and Glenmark (3.03%).
The Oil & Gas index ended up by 14.67 points at 9,691.22. Gainers are BPCL (2.24%), HPCL (1.86%), Reliance (1.68%), IOC (0.91%), and Reliance Pet (0.09%).
The BSE Sensex closed lower by 176.85 points at 14,889.25 and NSE Nifty fell by 51.95 points to close at 4,449.80. The BSE Mid Caps and Small Cap closed lower by 66.50 points and 75.38 points at 6,103.83 and 7,341.86 respectively. The BSE Sensex touched intraday high 15,088.03 and intraday low of 14,645.31.
Losers from the BSE are HDFC (4.79%), ONGC (4.74%), HDFC Bank Ltd (4.46%), TCS Ltd (3.89%), JP Associates (3.54%), Infosys Tech (2.89%), Satyam Computer (2.76%), ITC Ltd (2.66%), Reliance Infra (2.59%) and ICICI Bank Ltd (2.47%).
The Banking index fell by 170.99 points to close at 6,862.33 as Canara Bank (6.99%), Federal Bank (5.13%), HDFC Bank Ltd (4.46%), Axis Bank (3.25%), Yes Bank (2.94%), and Andhra Bank (2.76%) closed in negative territory.
The Metal index declined by 123.69 points to close at 15,265.92. Major losers are ShPrecoasted (4.74%), Welspan Gujarat Sr (4.31%), Sterlite Industries (4.22%), Nat Alum Co (2.73%), Jindal Steel (2.05%) and Jindal Saw (1.69%).
The Realty index closed down by 121.61 points at 5,630.61. Losers are Akruti City (5.97%), Pheonix Mill (5.36%), Ansal Infra (5.27%), Purvankara (4.67%), Anant Raj In (3.80%), and Housing Development (3.73%).
The IT Index closed lower by 121.02 points at 4,283.96. Losers are Tech Mahindra (6.99%) along with Mphasis Ltd (3.98%), TCS Ltd (3.89%), Rolta India (3.47%), HCL Tech (3.25%), NIIT Tech (3.24%) and Infosys Tech (2.89%).
The Health Care index closed higher by 93.16 points at 4,411.91. Gainers are Cipla Healthcare (8.09%), Ranbaxy Lab (6.53%), Divi's Lab (4.76%), Aurobindo Pharma (3.84%), Orchid (3.19%) and Glenmark (3.03%).
The Oil & Gas index ended up by 14.67 points at 9,691.22. Gainers are BPCL (2.24%), HPCL (1.86%), Reliance (1.68%), IOC (0.91%), and Reliance Pet (0.09%).
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