Mumbai, Mar 30: Breaking a five-session winning spree the Indian markets ended sharply lower and witnessed heavy sell-off as a result of weak global cues. NSE's Nifty falled below the 300 mark while BSE Sensex closed below the 9,600 level.
The 30-share Sensex touched an intraday low of 9,520.96, before closing the day at 9,568.14, down 480.35 points or 4.78 per cent. The 50-share NSE Nifty shut shop at 2978.15, down 4.2 per cent or 130.50 points, after hitting day's low 2962.40.
04: 50 PM
Indices nosedive; banking, realty plunge
At 1:52 pm, the Sensex was down 450 points, to 9,598 and the Nifty was down 123 points, to 2,985. The Nifty April futures were trading with 6-10 points premium. Broader indices - BSE Midcap and Small cap indices fell 1.2-1.5 per cent.
In line with Asian markets the benchmark indices saw sharp sell-off. Stocks like banking, realty, metal, technology and oil & gas stocks were extemely under pressure.
Sensex falls below 10000; banks, realty plunge
The upmove in the Indian key indices ended Monday, Mar 30 as profit booking set in after bulls in global markets paused after several days of
All the sectoral indices were in the red led by losses in rate sensitive like banks and realty space.
At 10:15 am, Bombay Stock Exchange"s Sensex was at 9792.48 down 256.01 points or 2.55 per cent. The 30-share index touched an intra-day low of 9767.41 and a high of 9902.35.
BSE Midcap Index was down 0.63 per cent and BSE Smallcap Index slipped 0.07 per cent.
Amongst the sectoral indices, BSE Bankex was down 3.89 per cent, BSE Realty fell 3.63 per cent and BSE Metal Index slipped 3.41 per cent.
ICICI Bank (-5.76pc), Tata Steel (-4.45pc), Infosys Technologies (-3.98pc), Reliance Infrastructure (-3.93pc), Jaiprakash Associates (-3.91pc) were the major Sensex losers.
Mkts open low, stocks fall; banks hit
Equities opened lower on Monday, Mar 30 tracking the weakness across overseas markets. All sectoral indices, barring the healthcare segment, were in the negative territory. Banks and technology stocks were the worst hit.
Bombay Stock Exchange"s Sensex fell 61.8 points to 3042.85. National Stock Exchange"s Nifty lost 227.69 points to 9820.80.
The Dow Jones industrial average fell 148.38 points, or 1.87 per cent, to 7,776.18. The Standard & Poor's 500 Index shed 16.92 points, or 2.03 per cent, to 815.94 and the Nasdaq Composite Index slid 41.80 points, or 2.63 per cent, to 1,545.20.
Asian stocks also traded lower Monday after commodities prices fell and on speculation a recovery for banks will be delayed. The Nikkei shed 1.5 per cent, Topix lost 1.93 per cent, Hang Seng fell 1.92 per cent and Straits Times slipped 1.83 per cent.