Sensex tumbles by 230.90 pts

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Mumbai, Nov 8 (UNI) The benchmark Bombay Stock Exchange (BSE) index today tumbled by another 230.90 points to close at 19,058.93 as selling pressure was witnessed throughout the day.

On last trading day of Vikram Samvat 2063, Sensex started with a dip of about 180 points at 19,110.40 and was not able to get out of red till late trade. It moved below 19K level in further trade to touch a day's low of 18,917.40, shedding more than 290 points from its day high of 19,209.91, due to selling pressure during the mid-day sessions and afterwards, dealers said.

Banking, metal and telecom stocks were the worst hit and the heavyweight index ended in a negative zone. Select metal stocks spurted higher.

Similarly, the broader based National Stock Exchange (NSE) Nifty index ended in a red, posting a dip of 83.60 at 5,698.75. Nifty today made a start marginally lower at 5,779.30 as compared to previous close at 5,782.35 points. It touched a day's high of 5,780.80 and low of 5,646.75 during the day trade.

According to data sources, the BSE Mid-Cap index was down by 0.86pc at 7,917.25, while the BSE Small-Cap index was lower by about one per cent at 9,601.97 and overall the market breadth was negative. 21 out of 30 shares of the Sensex pack ended in loss.

BSE posted a turnover of Rs 6734 crore as compared to its previous turnover of Rs 6,873.70 crore. Asian and European markets were negative as investors sold financial shares on credit worries today.

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