Sensex slides for second session

Today's major news
Suzlon Energy’s arm bags order for up to 954MW; the stock ends 6.24% higher.
Sun Pharmaceutical Industries receives tentative approval from the US Food and Drug Administration; the stock slid 0.29%.
Bajaj Auto to launch sub-150cc Pulsar in December; the stock rises 1.43%.
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Post-market summary
Global signals
European markets that opened 0.5% lower are trading flat to marginally lower, erasing early losses, at the time of writing this report.
Major Asian indices remained in red all through the day and ended with heavy losses in the range of 1.10-4.84% each. SGX Nifty lost 50 points.
US stock futures signaled a sharp slide, losing close to 2%, owing to the Dubai debt jitters. Oil prices dropped to $74 as dollar rose.
Indian indices
The Sensex opened 136 points lower at 16718.80 and never saw this level in today's trade. The Dubai debt jitters dragged the Sensex to the low of 16210, 645 points lower than its yesterday’s closing. However, marginally negative European opening coupled with buying in healthcare scrips helped the market to recover to a great extent. The Sensex closed at 16632, losing 1.32% or 223 points. Nifty closed at 4941, down 64 points.
Sensex sentiment
The market breadth was heavily negative, as out of 2,802 stocks traded on the BSE, 735 stocks advanced, whereas 2023 stocks declined.Forty-four stocks closed unchanged.
Sectoral & stock screening
Of the 13 sector indices on the BSE, only BSE HC managed to stay in positive with marginal gains of 0.08%. The remaining 12 sector indices declined in the range of 0.35%-2.20%.
On stocks’ front, Suzlon Energy surged the most by 6.24% followed by Tata Communications that rose by 5.63%. Bharat Electronics, Ranbaxy Laboratories and Jain Irrigation were up by over 3% each. Among losers, Financial Technologies slid the most by 6.06%, followed by Aban Offshore that fell by 6.01%, while IVRCL Infra, Siemens and IRB Infra fell by over 5% each.
Viewing volumes
On stock turnover front, over 2.74 crore shares of Suzlon Energy changed hands on BSE followed by Unitech (1.53 crore shares), IFCI (1.08 crore shares), HDIL (0.69 crore shares) and Ispat Industries (0.63 crore shares).