BSE Sensex down by 130.66 points

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Mumbai, Mar 26: Snapping the four day upward rally, the benchmark Sensitive index of Bombay Stock Exchange today came down by 130.66 points to close at 16,086.83 amidst bouts of volitality. The Sensex fell sharply in the second half of the trading session, touching a day's low at 16,009.87 and dipped 207.62 points from its previous close at 16,217.49. Though the Sensex had opened the session with a positive gap of over 50 points at 16,270.12 and touched a high at 16,309.88, it ended with a negative gap in late trade.

Similarly, the broader based Nifty index of National Stock Exchange touched high at 4,912.30 and low at 4,808.65, before finally ending with a negative gap of 40.65 points at 4,828.85. Market witnessed alternate bouts of buying and selling in select pivotals through out the day and most of the index heavyweight stocks like ICICI Bank, Reliance Capital, Bharti Airtel and DLF, which gained in the previous rallies, today posted loss of 3 to 4 per cent in late trade, marketmen observed.

Mixed global cues and expiry of March 2008 derivative contracts also kept the market volatile throughout the day. Uncertainty about the US outlook kept a lid on European and Asian markets, marketmen said.

However, overall market breadth remained positive. The BSE Mid and Small caps ended in green with a gain of 1.56 and 2.12 per cent respectively. The sectoral indices were mixed, having a marginal gain or loss.

The BSE posted a turnover of Rs 6112 crore as against Rs 6,880.05 crore in the previous session.

Index heavyweights, including ICICI Bank, fell 4.54 pc at Rs 840, Reliance Capital tumbled 3.33 pc at Rs 1,284.50, Bharti Airtel declined 3.75 pc at Rs 803.10, DLF was down 3.07 pc at Rs 657.80 and Reliance Industries (RIL) fell 0.62 pc to Rs 2300.

Tata Motors lost 0.71 pc to Rs 675.10. As per reports, US automaker Ford has agreed to sell its luxury brands Jaguar and Land Rover to India's Tata Motors for more than USD 2 billion.

However, Tata Steel was up 3.79 pc to Rs 657.85, Housing Development Finance Corporation by 2.73 pc to Rs 2660.35, ITC by 2.09 pc to Rs 195.10, HDFC Bank by 1.64pc to Rs 1441.15 and Satyam Computer by 0.47 pc to Rs 413 among the gainers of the day.


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