Nifty ends below 4K, down by 125.30 pts on global financial jitters

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Mumbai, Sep 26 (UNI) The US financial melt down continued to send waves of jitters in the Indian bourses as the Nifty index of National Stock Exchange (NSE) slipped below the 4,000 mark and the BSE sensitive index lost a huge 445 points today, to end the week on a negative sentiment.

Nifty ended at 3,985.25 points, losing 125.30 points from the overnight's close, while Sensex finished at 13,102.18 points.

Both the key indices plummeted over the last two days with Sensex slipping to red by 590.34 points and nifty dumping 176 points.

Brokers said, ''It was a savage correction in the markets, led by negative global cues. Bears took complete control over bulls and Benchmark indices got butchered by heavy sell off in heavyweights like Reliance Industries, ICICI Bank, Infosys, L&T, HDFC, HDFC Bank, SBI, ONGC, BHEL, NTPC and Reliance Communication.

Realty, metal, banking, capital goods, power, technology, auto, oil and telecom stocks took huge beating on the bourses.

Recording its first sub 4,000 close since May 2007, Nifty had a day's high of 4,110.70 and low of 3,970.35 points. At the BSE, the Sensex resumed low at 13,481.85 points, later it recorded the day's high and low at 13,486.20 points and 13,054.42 points respectively.

There was lack of buying interest among larger institutions, who were waiting for fresh trigger.

Volumes were relatively low. Total turnover of the markets was Rs 59,626.94 crore. This included Rs 10,491.31 crore from NSE Cash segment, Rs 44,297.14 crore from NSE F &O and balance Rs 4,838.49 crore from BSE cash segment. The market breadth was poor on BSE with 455 shares advancing as compared to 2,158 that declined. 60 shares remained unchanged. BSE clocked a turnover of Rs 4,835 crore as against Rs 5,070.61 crore yesterday.

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