Last hour selling knocks off 63 pts from Sensex; ends at 10,841
Mumbai, Mar 22: Last hour blow knocked-off another 64 points from the Bombay Stock Exchange (BSE) Sensitive Index (Sensex) which closed today at 10,841 points, as compared to the last close of 10,905 points.
Sensex has lost around 100 points in the last two trading sessions after breaching the 11,000 mark.
Yesterday too, late selling took away 35 points after Sensex crossed the 11,000 mark, for the first time in the morning trade, touching a high of 11,017.
Sensex was trading lower since early morning on the back of the US markets closing lower, while nearer home the Japanese Nikkei ended 0.95 per cent up.
The crude oil prices also jumped up today by more than two US dollar to USD 62.46 per barrel in the New York Mercantile Exchange (NYMEX), as compared to yesterday's price of just above USD 60 per barrel.
Earlier in the morning, Sensex opened five points lower at 10,900, as compared to the last close of 10,905 points.
Volatility was back in the markets as the benchmark index swung around 150 points touching a high of 10,935 and a low of 10,784 points in the day's trade.
All the BSE sectoral indices, but one, ended in the red including the BSE midcap and smallcap indices.
The down trend in the market led to 0.89 per cent loss on BSE midcap index and 0.91 per cent on the smallcap index.
In contrast, BSE healthcare index ended up by 1.27 per cent. Dr Reddy's Lab was up by a huge 9.62 per cent, gaining Rs 130.75 at Rs 1,489.35, Cadila was up by 2.61 per cent, Cipla was up by 1.09 per cent, Nicholas Piramal was up by 1.07 per cent and Matrix Laboratories was up by 1.67 per cent.
However, Ranbaxy was down by 1.22 per cent losing early morning gains.
The top gainers on the 30-share Sensex were Dr Reddy's Lab, Hindustan Lever, Tata Motors, Cipla, Tata Power, HDFC, Tata Steel, BHEL and HDFC Bank.
The top losers on the Sensex were Larsen&Toubro, Reliance Energy, Maruti, Hindalco, Hero Honda, SBI, ACC, Wipro, Ranbaxy and Reliance.
The National Stock Exchange 50-share S&P CNX Nifty index traded 22 points down at 3,240, as compared to the last close of 3,262.
The selling was today spread across the sectors, but it was maximum among the capital goods (1.44 per cent), metal (1.10 per cent) and consumer durables (1.49 per cent). The top loser on the Sensex was Larsen&Toubro losing 3.19 per cent at Rs 2,387.30; Reliance Energy was down by 3.03 per cent at Rs 613.65; Maruti lost 2.72 per cent at Rs 847.25 and Hindalco closed 2.59 per cent lower at Rs 157.90.
Hero Honda closed 2.13 per cent lower at Rs 894.15; SBI closed 2.07 per cent lower at Rs 948.60; ACC closed 1.61 per cent lower at Rs 744.35; Wipro closed 1.53 per cent lower at Rs 523.30; Ranbaxy closed 1.22 per cent lower at Rs 392.45 and Reliance also closed 1.22 per cent lower at Rs 770.80.
Besides Dr Reddy's Lab, other top gainers were Hindustan Lever, up by 1.63 per cent at Rs 255.45; Tata Motors was up by 1.26 per cent at Rs 917.75; Satyam Computers was by 1.21 per cent at Rs 817.30 and Cipla was up by 1.09 per cent at Rs 608.80.
Tata Power was up by 0.88 per cent at Rs 569.85; HDFC was up by 0.34 per cent at Rs 1,315.40; Tata Steel was up by 0.27 per cent at Rs 469.25; BHEL closed 0.26 per cent up at Rs 2,199.05 and HDFC Bank closed marginally up by 0.02 per cent at Rs 753.50 per cent.
The market breadth turned highly negative today with 1,782 scrips declining versus 771 scrips advancing, out of 2,605 scrips traded on the BSE.