Mumbai, Sep 25: Markets closed down on Thursday, Sep 25 with benchmark Sensex losing over 145 points on global concerns that world's largest economy US may slip into recession.
A day after gaining over 122 points on Wednesday, Sep 24, the BSE barometer fell by 145.34 points at 13,547.18, reflecting the uncertainties looming large over global financial markets. Similarly, the wide-based National Stock Exchange index Nifty also fell by 50.70 points at 4110.55 Marketmen said foreign investors are keeping their fingers crossed as the proposed fate of 700 billion-dollar package to rescue financial sectors is hanging in balance. Blue-chip stocks fell after US President George W Bush said America would face a "long and painful" recession unless a financial bailout is agreed in the Senate.
Market breadth is weak with 1,878 shares declining and another 1,049 shares advancing. Nearly 251 shares were unchanged.
Wipro continued to be the top loser for a second day in a row at 4.81 per cent. Ranbaxy Labs was a close second at 4.70 per cent. While Hindalco also closed down by 4 per cent, Grasim and TCS at 3.50 and 3.26 per cent were the other prominent losers from the Sensex pack.
With Wipro and TCS closing down, IT index at 2.01 per cent was the worst performing among sectoral indices today. Tech and realty indices also lost close to two per cent, while power and consumer durables indices other losing indices. Auto index was the only index which closed in the green.