The Indian market slipped further for the second straight day to close deeper into red. Market shed more than 2% on growing worries about health of global economy as jobless claims increased in the US along with investors' concern over further development in Indo-US nuclear deal in the NSG meet in Vienna. Weekly jobless claims for US climbed 15,000 to 444,000. Investors also kept an eye on the progress of the Indo-US nuclear deal in the NSG two days meet in Vienna. Domestic markets opened on weak note on sharp negative cues from the global markets. Further, market continued to remain under pressure though struggled to find support. Fresh bouts of selling again crushed markets to end with sharp losses. NSE Nifty ended below 4,300 mark and BSE Sensex closed below 14,500 level. From the sectoral front, Reality index was worst performer as ended with a deep cut of more than 4%.Apart from that, Metal, Bank, Capital Goods, Oil & Gas and IT stocks also took huge beating on the bourses. However, FMCG stocks were ended with margin gain. The market breadth was negative as 1011 stocks closed in green while 1626 stocks were ended in red and 91 stocks remained unchanged in BSE.
The BSE Sensex closed lower by 415.27 points at 14,483.83 and NSE Nifty ended down by 95.45 points at 4,352.30. The BSE Mid Caps and Small Caps ended with losses of 75.45 points and 69.15 points at 5,753.72 and 6,905.22. The BSE Sensex touched intraday high of 14,601.39 and intraday low of 14,438.59.
Losers from the BSE are Ranbaxy Lab (8.77%), ONGC Ltd (2.97%), HDFC (5.78%), DLF Ltd (5.41%), JP Associates (5.23%), Wipro Ltd (4.88%), ICICI Bank Ltd (4.33%), HDFC Bank Ltd (4.33%) and Infosys Tech (4.26%).
The BSE Metal index plunged 397.13 points to close at 11,785.77. Losers are Gujarat NRE Coke (5.41%), Jindal Steel (5.13%), NMDC Ltd (4.82%), Sterlite Indus (4.13%), Tata Steel (3.64%) and Steel Authority (2.92%).
The BSE Bank index ended down by 261.88 points at 7,172.85. As Axis Bank (6.58%), Kotak Bank (5.45%), HDFC Bank Ltd (4.33%), ICICI Bank Ltd (4.33%), Bank of India (3.26%) and Punjab National Bank (3.05%) closed in negative territory.
The BSE Reality index dropped 216.46 points to close at 4,979.26. As Akruti City (6.51%), DLF Ltd (5.41%), Unitech Ltd (4.78%), Penland Ltd (3.92%), Mahindra Life (3.84%) and Indiabull Real (3.70%) ended in negative territory.
The BSE Capital Goods index lost 207.58 points to close at 11,980.60. Losers are Crompton Greaves (4.44%), Reliance industrial Infra (2.98%), Punj Lloyd (2.68%), Elecon Eng C (2.14%), Lakshmi Ma W (2.13%) and L&T Ltd (2.08%)
The BSE Oil & Gas index closed lower by 191.97 points at 9,652.68. Major losers are Essar Oil Ltd (7.18%), Reliance (3.40%), Cairn India (3.36%), Reliance Natural Resources (1.37%) and Gail India (1.02%).
The BSE IT index closed down by 143.96 points at 3,941.74. Major losers are Aptech Ltd (5.89%), Wipro Ltd (4.88%), Moser Bayer (4.39%), Rolta India (4.28%), Infosys Tech (4.26%) and Satyam Computer (3.85%).
The BSE Sensex closed lower by 415.27 points at 14,483.83 and NSE Nifty ended down by 95.45 points at 4,352.30. The BSE Mid Caps and Small Caps ended with losses of 75.45 points and 69.15 points at 5,753.72 and 6,905.22. The BSE Sensex touched intraday high of 14,601.39 and intraday low of 14,438.59.
Losers from the BSE are Ranbaxy Lab (8.77%), ONGC Ltd (2.97%), HDFC (5.78%), DLF Ltd (5.41%), JP Associates (5.23%), Wipro Ltd (4.88%), ICICI Bank Ltd (4.33%), HDFC Bank Ltd (4.33%) and Infosys Tech (4.26%).
The BSE Metal index plunged 397.13 points to close at 11,785.77. Losers are Gujarat NRE Coke (5.41%), Jindal Steel (5.13%), NMDC Ltd (4.82%), Sterlite Indus (4.13%), Tata Steel (3.64%) and Steel Authority (2.92%).
The BSE Bank index ended down by 261.88 points at 7,172.85. As Axis Bank (6.58%), Kotak Bank (5.45%), HDFC Bank Ltd (4.33%), ICICI Bank Ltd (4.33%), Bank of India (3.26%) and Punjab National Bank (3.05%) closed in negative territory.
The BSE Reality index dropped 216.46 points to close at 4,979.26. As Akruti City (6.51%), DLF Ltd (5.41%), Unitech Ltd (4.78%), Penland Ltd (3.92%), Mahindra Life (3.84%) and Indiabull Real (3.70%) ended in negative territory.
The BSE Capital Goods index lost 207.58 points to close at 11,980.60. Losers are Crompton Greaves (4.44%), Reliance industrial Infra (2.98%), Punj Lloyd (2.68%), Elecon Eng C (2.14%), Lakshmi Ma W (2.13%) and L&T Ltd (2.08%)
The BSE Oil & Gas index closed lower by 191.97 points at 9,652.68. Major losers are Essar Oil Ltd (7.18%), Reliance (3.40%), Cairn India (3.36%), Reliance Natural Resources (1.37%) and Gail India (1.02%).
The BSE IT index closed down by 143.96 points at 3,941.74. Major losers are Aptech Ltd (5.89%), Wipro Ltd (4.88%), Moser Bayer (4.39%), Rolta India (4.28%), Infosys Tech (4.26%) and Satyam Computer (3.85%).
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