Mumbai, Feb 19: Indian markets ended sharply lower due to continous sell-off. The stocks like banking, technology, metal, telecom, oil & gas and the capital goods remained under pressure throughout the day.
The 30-share BSE Sensex slipped below the 9,000 mark and touched an intraday low of 8,762.58 before shutting shop at 8,843.21 — down 199.42 points or 2.21 pc. The Nifty touched a low of 2709.30 during the day and remained nine points away from breaking the 2,700 mark. It closed at 2736.45 — down 1.90 pc or 52.90 points.
Indices in red, Nifty below 2800
Following global cues the heavyweights like Reliance Industries, ONGC, Bharti, ICICI Bank, Infosys, TCS, HDFC, Reliance Communication, SAIL, BHEL and L&T has been putting pressure on the benchmark indices. All sectoral indices and broader indices are in red.
The 30-shares BSE Sensex was trading at 8,854, down 188 points and the Nifty was at 2,735, down 54 points, at 1:05 hours IST. BSE Midcap and Small Cap indices tumbled over 1 per cent each.
Heavy sell-off; Indices under pressure
Major sell-off is witnessed in markets due to the fall in sectors like oil & gas, telecom, banking, technology, capital goods, power and metal. Small cap and Midcap stocks are under pressure too.
The Sensex was trading at 8,856, down 185 points and the Nifty was at 2,734, down 54 points, at 11:50 hours IST. Broader indices like BSE Midcap and Small cap indices slipped over 1 per cent each.
Markets open weak on negative global cues
Following the negative global cues, benchmark indices opened lower on the last day of the week. At 9:56 am, the Sensex was trading at 8,892, down 149 points and the Nifty was at 2,743, down 45 points. CNX Midcap 100 fell 25 points, to 3,260.
ICICI Bank, Tata Communication, ABB, Nalco, L&T, Reliance Communication, Tata Steel, Bharti Airtel, Zee Entertainment, ONGC, Infosys and HDFC are under pressure. Satyam surged over 5 pc as Company Law Board finalised the company stake sale plan.