All sectoral indices ended in red, down 1-4.5%. Asian markets closed 2-3% lower. Euroean markets were trading 3% down and US index futures fell 2% each, at the time of closing of Indian equities.
Markets move downwards due to Global pressure
AT 14:00 hrs The BSE Sensex was trading at 16133, down 335 points and the Nifty was at 4838, down 105 points.The benchmark Nifty was hovering around 4850 level and down about 100 points on negative sentiment across the global markets.
All sectoral indices were in red. Metal, Capital Goods, FMCG and Auto indices declined 2-3.5%. Power, Bank, IT, Realty and Oil & Gas indices fell 1.5-1.8%.
Top losers - Reliance Communications was trading at Rs 140.05, down 5.31%; Hindalco was at Rs 139.30, down 4.33%; L&T was at Rs 1,572.50, down 3.42%; SBI was at Rs 2,171, down 3.21%; Tata Power was at Rs 1,203, down 3.19%; Ambuja Cements was at Rs 105.75, down 4.9%; SAIL was at Rs 192.25, down 3.97% and IDFC was at Rs 144.40, down 3.89%.
Sensex in red, lost 300 points
Mumbai, May 25: At 12:30 hrs The BSE Sensex was down by 359.58 points or 2.18% at 16109.97, and Nifty was down 106.90 points or 2.16% at 4837.05.At 12.30 hrs , Nifty was trading well below 4850 with more than 2% losses. It was a sell-off across the markets on back of negative global cues.
Heavy selling was seen in metals, capital goods, auto, power, banks, oil&gas, PSU, FMCG and realty stocks. All BSE sectoral indices were trading in red. The broader markets too saw deep cuts. BSE Midcap and Smallcap index were down more than 2% each.
Index heavyweight Reliance was trading at Rs 999.00 down 2.2% from its previous close of Rs 1,021.45. Tech major Infosys was trading at Rs 2,557.15 down 1.52% from its previous close of Rs 2,596.75. Refinery major HPCL was trading at Rs 340.60 down 0.66% from its previous close of Rs 342.85. Cigarette major ITC was trading at Rs 263.55 down 1.77% from its previous close of Rs 268.30.
Top losers on the BSE Midcap: Rajesh Exports, Shree Global Tr, Mcleod Russel, Hindustan Construction and Manappuram were down by 7-9%.
Market opens red; Nifty plummets 4900 marks
Bombay, May 24: At 10.20 hrs, BSE Sensex was at 16,217.11 down 252.44 points and NSE NIfty was at 4866.40 down 77.55 points. Nifty opened the day plummeting around 4900 mark. Nifty could not catch even a single stock in green. BSE Sensex was trading at 16279, down 190 points and the Nifty was at 4883, down 60 points, when the market opened.
101 shares advanced where as 569 declined on NSE. Reliance Capital, Tata Steel, HCL Tech,Reliance Communications, DLF, Infosys, Tata Power and IDFC plunged. Ambuja Cements lost around 5 percent.
The broader indices including RNRL lost 1.8 percent, which had gone up 23 percent on Monday, May 24. Hotel Leela lost 5.5
percent. Lloyds Steel, Ispat Industries, Sesa Goa and Gujaraj NRE Coke lost 1 to 2 percent. HDIL and Lanco Infratech were down by 2 and 1.8 percent respectively.
The companies on the greener side were Bajaj Hindustan and Renuka Sugars, up by 0.5 to 1 percent. Bombey Dyeing also rose by 2.5 percent.