Domestic markets closed the day with losses as it witnessed sustained selling pressure for the second straight day. The negative opening on European markets also weighed on sentiment. Indian market opened sharply lower tracking weak cues from global markets. Further market continued to trade with pressure in negative terrain. During last trading hours, markets extended its losses and plunged sharply to close lower on profit booking. Rise in crude prices in Asian trade also fueled to the negative attitude of investors. Crude oil for October delivery rose to $104.03 a barrel on the New York Mercantile Exchange mid afternoon in Singapore. NSE Nifty ended around 4,400 mark and BSE Sensex below 14,700 level. Mid cap and Small cap stocks also remained under pressure. From the sectoral front, all indices closed with losses and Metal stocks were worst performers as closed with deep cut of more than 5%. Along with that, Oil & Gas, Capital Goods, Reality, Power and Bank stocks pulled the markets lower. The market breadth was negative as 1722 stocks closed in red while 931 stocks closed in green and 77 stocks remained unchanged.
The BSE Sensex closed lower by 238.15 points at 14,662.61 and NSE Nifty ended down by 68.45 points at 4,400.25. The BSE Mid Caps and Small Caps closed with cut of 69.27 points at 5,708.93 and 61.19 points at 6,903.42 respectively. The BSE Sensex touched intraday high of 14,866.32 and intraday low of 14,609.83.
Ministers of the Organization of Petroleum Exporting Countries agreed to keep output steady until mid-December. OPEC members agreed to cut more than 500,000 barrels a day of production that exceed its self-imposed output quotas and left its production target unchanged at 28.8 million barrels a day after concluding its meeting in Vienna.
Losers from the BSE are Sterlite In (11.78%), Tata Steel (5.21%), Tata Power (3.44%), Reliance Infra (3.36%), Bharti Airtel (2.93%), Reliance (2.77%), HDFC (2.44%), JP Associates (2.33%), ONGC Ltd (2.23%) and BHEL (2.05%).
The BSE Metal index lost 647.18 points to close at 11,154.00. Major losers are Sterlite In (11.78%), Jindal Steel (8.04%), Guajrat NRE C (7.58%), JSW SL (7.48%), Steel Authority (6.50%) and Tata Steel (5.21%).
The BSE Oil & Gas index closed lower by 215.78 points at 9,667.38 as Essar Oil Ltd (3.87%), Reliance (2.77%), IOC Ltd (2.57%), ONGC Ltd (2.23%), Cairn India (2.03%) and Aban Offshore (2.41%) ended in negative territory.
The BSE Capital Goods index ended down by 132.59 points at 12,233.80. Major losers are Gammon Indi (5.58%), Jyoti Struct (3.90%), Crompton Greaves (3.81%), Walchand In (3.61%), Havells India (2.68%) and BHEL (2.05%).
The BSE Reality index plunged 77.17 points to close at 4,999.99. As Orbit Co In (5.62%), Housing Dev (4.80%), Anant Raj In (2.43%), Unitech Ltd (2.43%), Pheonix Mill (2.30%) and Ansal Infra (2.06%) closed in negative territory.
The BSE Consumer Durables index closed lower by 47.49 points at 3,688.91. Losers are Rajesh Export (2.77%), Gitanjali GE (2.68%), Titan Ind (1.00%), Blue Star L (0.98%) and Videocon Ind (0.39%).
The BSE Power index dropped by 45.00 points to close at 2,655.24. As Crompton Greaves (3.81%), GMR Infrast (3.55%), Tata Power (3.44%), Reliance Infra (3.36%) and Lanco Infra (2.87%) closed in negative territory.
The BSE Sensex closed lower by 238.15 points at 14,662.61 and NSE Nifty ended down by 68.45 points at 4,400.25. The BSE Mid Caps and Small Caps closed with cut of 69.27 points at 5,708.93 and 61.19 points at 6,903.42 respectively. The BSE Sensex touched intraday high of 14,866.32 and intraday low of 14,609.83.
Ministers of the Organization of Petroleum Exporting Countries agreed to keep output steady until mid-December. OPEC members agreed to cut more than 500,000 barrels a day of production that exceed its self-imposed output quotas and left its production target unchanged at 28.8 million barrels a day after concluding its meeting in Vienna.
Losers from the BSE are Sterlite In (11.78%), Tata Steel (5.21%), Tata Power (3.44%), Reliance Infra (3.36%), Bharti Airtel (2.93%), Reliance (2.77%), HDFC (2.44%), JP Associates (2.33%), ONGC Ltd (2.23%) and BHEL (2.05%).
The BSE Metal index lost 647.18 points to close at 11,154.00. Major losers are Sterlite In (11.78%), Jindal Steel (8.04%), Guajrat NRE C (7.58%), JSW SL (7.48%), Steel Authority (6.50%) and Tata Steel (5.21%).
The BSE Oil & Gas index closed lower by 215.78 points at 9,667.38 as Essar Oil Ltd (3.87%), Reliance (2.77%), IOC Ltd (2.57%), ONGC Ltd (2.23%), Cairn India (2.03%) and Aban Offshore (2.41%) ended in negative territory.
The BSE Capital Goods index ended down by 132.59 points at 12,233.80. Major losers are Gammon Indi (5.58%), Jyoti Struct (3.90%), Crompton Greaves (3.81%), Walchand In (3.61%), Havells India (2.68%) and BHEL (2.05%).
The BSE Reality index plunged 77.17 points to close at 4,999.99. As Orbit Co In (5.62%), Housing Dev (4.80%), Anant Raj In (2.43%), Unitech Ltd (2.43%), Pheonix Mill (2.30%) and Ansal Infra (2.06%) closed in negative territory.
The BSE Consumer Durables index closed lower by 47.49 points at 3,688.91. Losers are Rajesh Export (2.77%), Gitanjali GE (2.68%), Titan Ind (1.00%), Blue Star L (0.98%) and Videocon Ind (0.39%).
The BSE Power index dropped by 45.00 points to close at 2,655.24. As Crompton Greaves (3.81%), GMR Infrast (3.55%), Tata Power (3.44%), Reliance Infra (3.36%) and Lanco Infra (2.87%) closed in negative territory.
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