The Sensex ended on a bearish note led by banking, IT and oil & gas stocks, while auto stocks edged higher.
The 30-share index, BSE Sensex opened with a loss of 1.53 points, at 8,942.01 on Tuesday and continued to trade in a lacklustre manner as the day progressed. It touched the mark of 9,000 in the noon trades,touching a high of 9,024.12. Sustained selling seen in select frontliners dragged the Sensex below 9,000 level to finally close on a negative note.
BSE Midcap index declined 0.16%, while Smallcap index rose 0.39%.
On global front, Asian stocks gained, as Australia said it may lower interest rates and Standard Chartered reported a strong start to 2009. Japanese benchmark index Nikkei advanced 244.98 points, or 3.18%, to end at 7,949.13 and Hong Kong`s Hang Seng index fell 98.62 points, or 0.76%, to close at 12,878.09 and Singapore`s Straits Times dropped 27.61 points, or 1.74%, to close at 1,558.71.
European stocks declined, as rising credit-card defaults at American Express overshadowed Standard Chartered`s report of a strong start to 2009.UK`s benchmark index FTSE 100 declined 14.74 points, or 0.38%, to trade at 3,849.25.French benchmark index CAC 40 fell 11.96 points, or 0.43%, to trade at 2,779.70 and Germany`s benchmark index DAX dropped 7.11 points, or 0.18%, to trade at 4,037.43. (4.08 p.m., IST).
The Sensex ended the day with a loss of 79.72 points, or 0.89% at 8,863.82 after touching a high of 9,024.12 and a low of 8,801.79. The broad-based NSE Nifty fell 19.80 points, or 0.71% at 2,757.45 after hitting a high of 2,805.60 and a low of 2,738.70.
Major gainers in the 30-share index were Tata Motors (3.40%), Hindalco Industries (2.34%), ITC (1.64%), Maruti Suzuki India (1.55%), NTPC (1.40%), and Mahindra & Mahindra (0.91%).
On the other hand, Tata Consultancy Services (4.31%), State Bank Of India(3.87%), Jaiprakash Associates (3.75%), HDFC Bank (2.27%), Ranbaxy Laboratories (2.03%), and Reliance Industries (1.98%) were the biggest losers in the Sensex.
Overall market breadth is positive. Out of the total 2,574 stocks traded at BSE, 1,330 advanced, 1,137 declined while 107 remained unchanged.
The 30-share index, BSE Sensex opened with a loss of 1.53 points, at 8,942.01 on Tuesday and continued to trade in a lacklustre manner as the day progressed. It touched the mark of 9,000 in the noon trades,touching a high of 9,024.12. Sustained selling seen in select frontliners dragged the Sensex below 9,000 level to finally close on a negative note.
BSE Midcap index declined 0.16%, while Smallcap index rose 0.39%.
On global front, Asian stocks gained, as Australia said it may lower interest rates and Standard Chartered reported a strong start to 2009. Japanese benchmark index Nikkei advanced 244.98 points, or 3.18%, to end at 7,949.13 and Hong Kong`s Hang Seng index fell 98.62 points, or 0.76%, to close at 12,878.09 and Singapore`s Straits Times dropped 27.61 points, or 1.74%, to close at 1,558.71.
European stocks declined, as rising credit-card defaults at American Express overshadowed Standard Chartered`s report of a strong start to 2009.UK`s benchmark index FTSE 100 declined 14.74 points, or 0.38%, to trade at 3,849.25.French benchmark index CAC 40 fell 11.96 points, or 0.43%, to trade at 2,779.70 and Germany`s benchmark index DAX dropped 7.11 points, or 0.18%, to trade at 4,037.43. (4.08 p.m., IST).
The Sensex ended the day with a loss of 79.72 points, or 0.89% at 8,863.82 after touching a high of 9,024.12 and a low of 8,801.79. The broad-based NSE Nifty fell 19.80 points, or 0.71% at 2,757.45 after hitting a high of 2,805.60 and a low of 2,738.70.
Major gainers in the 30-share index were Tata Motors (3.40%), Hindalco Industries (2.34%), ITC (1.64%), Maruti Suzuki India (1.55%), NTPC (1.40%), and Mahindra & Mahindra (0.91%).
On the other hand, Tata Consultancy Services (4.31%), State Bank Of India(3.87%), Jaiprakash Associates (3.75%), HDFC Bank (2.27%), Ranbaxy Laboratories (2.03%), and Reliance Industries (1.98%) were the biggest losers in the Sensex.
Overall market breadth is positive. Out of the total 2,574 stocks traded at BSE, 1,330 advanced, 1,137 declined while 107 remained unchanged.
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