Sensex tumbles by 385.61 pts on selling pressure
Mumbai, Feb 22: The benchmark sensitive index of the Bombay Stock Exchange today plunged by another 385.61 points to close at 17,349.07, extending the losses for the second consecutive day on profit booking interest in blue-chips.
The Sensex resumed the session with a negative gap of 219 points at 17,515.62 from its previous close of 17,734.68 on sustained off-loadings of shares, triggered by weak sentiments in the global market. It further lost ground to touch the day's low at 17,294.73, dropped 440 points on fresh round of selling pressue in the afternoon trade and ultimately settled after a slight recovery in late trade.
Meanwhile, the broader based Nifty dropped 99 points on the National Stock Exchange to touch a low at 5,092.80 from its previous close of 5191.80, before ending the session 81.05 points down at 5110.75, reflecting the same sentiments.
The market tumbled today as blue chips came under renewed selling pressure following weak sentiments in European and Asian markets. Banking, IT and auto scrips were the worst hit today, pulling down the bourses into deep red, brokers said.
Most of the sectoral indices ended up with negative gaps on BSE.
Mid-cap and Small-cap were down by about one per cent.
Top
losers's
list
today
included
Reliance
Capital,
down
by
5.09
pc
at
Rs
1,901.95,
followed
by
HDFC
down
4.40
pc
at
Rs
1,474.95,
ICICI
slipped
3.89
pc,
Bajaj
Auto
lost
4.78
pc
and
Satyam
further
shed
4.23
per
cent.
The
market
breadth
was
weak
throughout
the
day.
27
stocks
from
the
30-member
Sensex
pack
were
in
the
red.
The
total
turnover
on
BSE
amounted
to
Rs
4451
crore
as
compared
to
Rs
5,410.60
crore
yesterday.
Turnover
in
NSE
futures&options
slipped
to
Rs
36386.23
crore
as
compared
to
Rs
43409.74
crore
in
the
previous
session.
Reliance Industries (RIL) lost 2.90 pc to Rs 2429. Mahindra&Mahindra came down 1.96 pc, Hero Honda Motors was down 1.47 pc and Tata Motors shed 1.97 pc.
However, Maruti Suzuki India rose 0.43 pc, while Cipla surged 5.44pc to Rs 198.60 on 4.24 lakh shares. It was the top gainer from the Sensex pack.
Indiabulls Financial Services declined 3.11 pc to Rs 616.60 even as the company today reported that it has received approval from the Securities and Exchange Board of India to set up an asset management company.
UNI