The Sensex opened with a huge negative gap of 373 pts at 8,401. Relentless selling in select index heavyweights weighed on the market throughout the day.
However, late buying in the market helped the index recover smartly from the day’s low of 8,316, and touch a high of 8,540. The Sensex finally ended with a loss of 323 (3.7%) pts at 8,451.
The BSE Realty index slumped 8.3% (152 points) to 1,679. The Capital Goods index shed 4.6% (92 pts) at 5,252. The market breadth was extremely negative – out of 2,561 stocks traded, 1,897 declined, 596 advanced and 68 were unchanged tdoay.
ICICI Bank plunged 8% to Rs 320. HDFC Bank tumbled 7.3% to Rs 822. Reliance, Maruti, Tata Motors and Tata Power slipped around 6.5% each to Rs 1,059, Rs 483, Rs 126 and Rs 634, respectively.
HDFC dropped 5.5% to Rs 1,290. Infosys declined nearly 4% each to Rs 897. Bharti Airtel, BHEL and Larsen & Toubro were down around 3% each at Rs 592, Rs 1,194 and Rs 712, respectively.
SBI was up over 1% at Rs 1,093.
Relinace topped the value chart with a turnover of Rs 293.80 crore followed by Reliance Capital (Rs 155 crore), SBI (Rs 129.50 crore), Educomp Solutions (Rs 128.70 crore) and ICICI Bank (Rs 125 crore).
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