The Sensex ended lower on account of sustained selling pressure seen in index heavyweights-J P Associates, State Bank Of India and DLF. Realty, FMCG and realty sectors also led the declines.
BSE Midcap and Smallcap index declined 1.27% and 1.55% respectively.
BSE Realty underperformed all other sectors. The counter plunged by 3.21% followed by FMCG and Bankex, which was down by 2.78% each.
European stocks opened on a negative note and continues to trade in red on concerns of global slowdown. HSBC Holdings declined 12% in London. UK`s benchmark index FTSE 100 fell 31.25 points, or 0.89%, to trade at 3,499.48.French benchmark index CAC 40 declined 43.34 points, or 1.71%, to trade at 2,491.21. Germany`s benchmark index DAX dropped 37.17 points, or 1.01%, to trade at 3,629.24.
Indian stock market opened the day on a negative zone after a rise of 1.56% on the previous working day. The 30-share index, BSE Sensex opened with a loss of 66.60 points, at 8,259.22 on Monday.
The Sensex ended the day with a loss of 165.42 points, or 1.99% at 8,160.40 after touching a high of 8,259.22 and a low of 8,110.10. The broad-based NSE Nifty fell 47.00 points, or 1.79% at 2,573.15 after hitting a high of 2,621.25 and a low of 2,555.60.
Biggest gainers in the 30-share index were Housing Development Finance Corporation (2.65%), Maruti Suzuki India (0.25%), and Mahindra & Mahindra (0.22%).
On the other hand, Jaiprakash Associates (5.32%), State Bank Of India(4.68%), DLF (4.54%), Ranbaxy Laboratories (4.46%), Sun Pharmaceutical Industries (4.08%), and Reliance Communications (4.03%) were the biggest losers in the Sensex.
Overall market breadth was extremely negative. Out of the total 2470 stocks traded at BSE, 799 advanced, 1,583 declined while 88 remained unchanged.
BSE Midcap and Smallcap index declined 1.27% and 1.55% respectively.
BSE Realty underperformed all other sectors. The counter plunged by 3.21% followed by FMCG and Bankex, which was down by 2.78% each.
European stocks opened on a negative note and continues to trade in red on concerns of global slowdown. HSBC Holdings declined 12% in London. UK`s benchmark index FTSE 100 fell 31.25 points, or 0.89%, to trade at 3,499.48.French benchmark index CAC 40 declined 43.34 points, or 1.71%, to trade at 2,491.21. Germany`s benchmark index DAX dropped 37.17 points, or 1.01%, to trade at 3,629.24.
Indian stock market opened the day on a negative zone after a rise of 1.56% on the previous working day. The 30-share index, BSE Sensex opened with a loss of 66.60 points, at 8,259.22 on Monday.
The Sensex ended the day with a loss of 165.42 points, or 1.99% at 8,160.40 after touching a high of 8,259.22 and a low of 8,110.10. The broad-based NSE Nifty fell 47.00 points, or 1.79% at 2,573.15 after hitting a high of 2,621.25 and a low of 2,555.60.
Biggest gainers in the 30-share index were Housing Development Finance Corporation (2.65%), Maruti Suzuki India (0.25%), and Mahindra & Mahindra (0.22%).
On the other hand, Jaiprakash Associates (5.32%), State Bank Of India(4.68%), DLF (4.54%), Ranbaxy Laboratories (4.46%), Sun Pharmaceutical Industries (4.08%), and Reliance Communications (4.03%) were the biggest losers in the Sensex.
Overall market breadth was extremely negative. Out of the total 2470 stocks traded at BSE, 799 advanced, 1,583 declined while 88 remained unchanged.
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