Sensex crashes by 291.79 points on IIP nos

Written by:
Subscribe to Oneindia News

Mumbai, Aug 12: The benchmark Sensex of the Bombay Stock Exchange (BSE) today crashed by 291.79 points to end at 15,212.13 on heavy selling pressure by local operators due to growth rate of Infrastructure industries dipping to 3.4 per cent in June from 5.2 per cent in the corresponding period last year.

Markets retreated and ended sharply lower on the back of profit booking, looking at the disappointing data on Index of Industrial Production (IIP) and negative European and Asian cues. Sell off was seen in rate sensitive, infrastructure, technology, metal and pharma stocks. Midcap and smallcap stocks were also under selling pressure.

Nifty Fifty slipped below the 4600 mark.

The Sensex closed at 15,212.13, down 291.79 points or 1.88 per cent after hitting an intraday high of 15,579.78 and low of 15,124.91.

BSE clocked a turnover of Rs 5761 crore as against Rs 5,497.23 crore on previous day. This includes Rs 13,910.25 crore from National Stock Exchange (NSE) Cash segment, Rs 52,461.81 crore from NSE F &O and balance Rs 5,857.92 crore from BSE Cash segment.

The S&P CNX Nifty index of NSE also ended with a loss of 68.15 points or 1.47 pc at 4552.25. It has touched a high and low of 4649.85 and 4525.75, respectively.

The BSE major indices suffered a setback on profit booking as leading METAL index plunged by 475.51 points and finished at 12,660.73 points followed by BANKEX index by 265.08 points to 7437.27, REALTY index by 113.88 to 5685.49, IT index by 110.09 to 3771.98, CG index by 106.16 to 12,740.29, TECK index by 75.69 to 3027.88, PSU index by 72.64 to 7210.33, CD index by 65.34 to 3915.97 points, SML CAP index by 50.93 to 7220.42 and MID CAP by 47.15 to 5935.53 points.

Major Sensex losers were HDFC, which was down by Rs 103.50 and closed lower at Rs 2466.60, followed by Infosys by Rs 66.40 to Rs 1603.70, HDFC bank by Rs 44.80 to Rs 1263.90, L &T by Rs 40.45 to Rs 2849.45, Tata Power by Rs 39.65 to Rs 1037.25, Maruti Suzuki by Rs 37.45 to Rs 678.05, Tata Steel by Rs 36.85 to Rs 607.95,SBI by Rs 35.05 to Rs 1557.55, ICICI Bank by Rs 32.35 to Rs 738.40, Sterlite Industries by Rs 27.85 to Rs 597.05), Bharti Airtel by Rs 22.50 to Rs 822.95, TCS by Rs 15.40 to Rs 818.20 and Tata Motors by Rs 11.15 to Rs 436.05.

However, a few top heavyweight stocks were gainers with Grasim flaring up by Rs 17.20 to end firm at Rs 2087, Reliance gained by Rs 16.25 to Rs 2342.25, M&M rose by Rs 4.45 to Rs 594.60 and Hind Unilever by Rs 1.45 to Rs 242.95. ITC was up by Rs 1.50 at Rs 196.90 and DLF was up Rs 2.50 at Rs 570.60.


Please Wait while comments are loading...