Extending the losses for the second day in a row today, the Bombay Stock Exchange benchmark Sensex lost over 119 points with bank and realty stocks coming under selling pressure yet again.
The 30-share BSE barometer, which shed over 291 points in previous day's trading, closed lower by further 119.01 points at 15,093.12.
The Sensex touched the day's low of 15,013.06 and a high of 15,272.56 points.
The National Stock Exchange index Nifty also fell by 23.20 points at 4,529.05, after dipping to a low of 4,497.25 and touching a high of 4,572.65 points.
Bank stocks were particularly hit as investors thought a global slowdown in economic growth might have a direct impact on lending and financing business, said Ratnesh Gupta, a BSE broker in the national capital.
Marketmen said reports that J P Morgan Chase and Co, the second-largest US bank by market value, may post more credit losses also added to the decline in bank stocks.
ICICI Bank, the nation's second-largest lender by assets, fell by 3.77 percent at Rs 710.55. HDFC Bank, the third biggest by market value, also lost 3.69 per cent at Rs 1,217.20. State-run Bank of Baroda also took a hit of 4.61 per cent at Rs 271.30.
The banking sectoral index closed down by falling 165.87 points at 7,271.40, with 14 constituents of the 18 share index trading lower.
Capital goods index was the second worst performer with a fall of 133.35 points at 12,606.94. Brokers said a fall in industrial growth for July at 5.4 per cent affected the stocks in this counter. Of the total 17 segment stocks, 11 closed in the red on all-round selling.
Realty sector index, an interest-sensitive and linked with heavy machinery sectors, fell by 74.66 points at 5610.83.
Consumer durable index also fell by 32.28 points at 3,883.69, followed by PSU index which closed lower by 26.33 points at 7184.00.
Metal index also lost 17.50 points at 12,643.23, Power index 14.17 points at 2729.84, auto index 9.63 points at 3990.07 and oil and gas index 3.29 points at 10,438.99.
Health-care index bucked the trend and rose by 44.66 points at 4279.90, Teck index by 15.23 points at 3,043.11 and FMCG index by 4.15 points at 2,226.30 points Information Technologies index rose by 41.98 points at 3813.96 as the segment major and Sensex-heaviest Infosys Technologies gained Rs 21.50 at Rs 1625.20 on reports that the second-biggest software services provider plans to reduce new hiring by about 30 per cent this year from a year earlier.
As the trading activity spilled over a wide-front, small-cap index rose by 9.35 points at 7,229.77 while mid-cap index fell by
The 30-share BSE barometer, which shed over 291 points in previous day's trading, closed lower by further 119.01 points at 15,093.12.
The Sensex touched the day's low of 15,013.06 and a high of 15,272.56 points.
The National Stock Exchange index Nifty also fell by 23.20 points at 4,529.05, after dipping to a low of 4,497.25 and touching a high of 4,572.65 points.
Bank stocks were particularly hit as investors thought a global slowdown in economic growth might have a direct impact on lending and financing business, said Ratnesh Gupta, a BSE broker in the national capital.
Marketmen said reports that J P Morgan Chase and Co, the second-largest US bank by market value, may post more credit losses also added to the decline in bank stocks.
ICICI Bank, the nation's second-largest lender by assets, fell by 3.77 percent at Rs 710.55. HDFC Bank, the third biggest by market value, also lost 3.69 per cent at Rs 1,217.20. State-run Bank of Baroda also took a hit of 4.61 per cent at Rs 271.30.
The banking sectoral index closed down by falling 165.87 points at 7,271.40, with 14 constituents of the 18 share index trading lower.
Capital goods index was the second worst performer with a fall of 133.35 points at 12,606.94. Brokers said a fall in industrial growth for July at 5.4 per cent affected the stocks in this counter. Of the total 17 segment stocks, 11 closed in the red on all-round selling.
Realty sector index, an interest-sensitive and linked with heavy machinery sectors, fell by 74.66 points at 5610.83.
Consumer durable index also fell by 32.28 points at 3,883.69, followed by PSU index which closed lower by 26.33 points at 7184.00.
Metal index also lost 17.50 points at 12,643.23, Power index 14.17 points at 2729.84, auto index 9.63 points at 3990.07 and oil and gas index 3.29 points at 10,438.99.
Health-care index bucked the trend and rose by 44.66 points at 4279.90, Teck index by 15.23 points at 3,043.11 and FMCG index by 4.15 points at 2,226.30 points Information Technologies index rose by 41.98 points at 3813.96 as the segment major and Sensex-heaviest Infosys Technologies gained Rs 21.50 at Rs 1625.20 on reports that the second-biggest software services provider plans to reduce new hiring by about 30 per cent this year from a year earlier.
As the trading activity spilled over a wide-front, small-cap index rose by 9.35 points at 7,229.77 while mid-cap index fell by
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