Sensex closes at 8509; Nifty at 2,524
Just
In:The
Sensex
and
the
Nifty
closed
below
October
27,
2007
closing
values
of
8509.56
and
2524.20,
respectively.
The
30-share
BSE
Sensex
shed
322.77
points
or
3.68
per
cent
to
settle
at
8,451.01,
after
hitting
an
intraday
low
of
8,316.39.
4:18
PM
11/20/2008
Sensex
plunged
361
points
to
8,411
and
the
Nifty
fell
90
points
to
2,545,
at
2:14
hrs
IST.
BSE
Midcap
and
Small
cap
indices
are
still
down
over
3.4
per
cent
each.
2:50
PM
11/20/2008
The
Sensex
fell
341
points
to
8,432
and
the
Nifty
plunged
95
points
to
2,540,
at
10:50
hrs
IST.
BSE
Midcap
and
Small
cap
indices
lost
3.4%
each.
12:24
PM
11/20/2008
Mumbai, Nov 20: At 9:56 am, the Sensex declined by 378 points to 8,395 and the Nifty fell 103 points to 2,531. CNX Midcap lost 103 points to 3,277. The markets crashed in early trade following big slump in Asian and US markets, due to Fed cuts economic growth forecast for 2008 and 2009 and weak housing data. This is the seventh day in a row that the benchmark indices have been falling towards October lows.
Selling is seen in banking, technology, capital goods, telecom, metal, real estate adn oil stocks.
HDFC Bank, Reliance Industries, L&T, BHEL, Hindalco, ICICI Bank, HDFC, Unitech, DLF, Reliance Infrastructure, Satyam, Sterlite, HCL Tech and Idea are major losers. ICICI Bank plunged over 10 per cent.
Brokers said Foreign funds are dumping stocks in Indian and other emerging markets to shore up resources to beat the global liquidity crunch. Asian shares tumbled as economic data indicated a global recession could get even uglier. Key benchmark indices in Hong Kong, Japan, South Korea, Singapore and Taiwan were down by between 1.2 per cent to 5.66 per cent.
The market breadth, indicating the overall health of the market, was weak. On BSE, 216 shares rose as compared with 1,102 that declined. 28 shares remained unchanged.
All the 30 stocks from the Sensex pack were in the red.
The
top
heavy
weights
losers
were
ICICI
bank
by
7.84
per
cent
to
Rs
320.45,
REL
Infra
by
7.53
per
cent
to
Rs
421.55,
HDFC
by
7.03
per
cent
to
Rs
1,270,
DLF
Limited
by
6.68
per
cent
to
Rs
209.40,
HDFC
Bank
by
6.66
per
cent
to
Rs
827.95
and
TATA
Power
by
6.53
per
cent
to
Rs
632.95.
10:12
AM
11/20/2008
OneIndia
News