Sensex plunges by 190.11 points

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Mumbai, Nov 6: In choppy trade today, the Sensex plunged by 190.11 points to close at 19,400.67 on the Bombay Stock Exchange on heavy selling pressure.

The Sensex started 100 points up at 19,689.79 as compared to previous close of 19,590.78, in early trade. It touched a day's high of 19,919.34 but it could not hold on to gains and slipped into red, touching a day's low of 19,337.85 during the late trade, dealers said.

Banking and telecom stocks witnessed selling pressure during the late trade, which led the market into negative zone. Auto pivotals, Tata Motors and Maruti Udyog drifted lower. L&T witnessed selling pressure towards the fag end of the trading session and some of the Reliance group shares plunged.

Similarly, the broader based National Stock Exchange (NSE) index Nifty tumbled 60.80 points to close at 5,786.50 as compared to previous close 5,725.70, in volatile trade during the day.

According to dealers, the BSE Bankex dipped 2 pc to 10,787, and the Capital Goods index declined 1.8 pc to 19,697. The Auto, Metal and Oil&Gas indices slipped by one per cent each to 5277, 17,206 and 11,389, respectively.

The market breadth turned negative in the last one hour of trade.

It was much stronger earlier during the day. 13 of the 30 Sensex stocks ended with gains. The BSE today posted a turnover of Rs 9864.71 crore. European markets were firm while Asian markets traded in mix.

UNI

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