Markets end lower; Nifty slips below 3K
Mumbai, Mar 30: Breaking a five-session winning spree the Indian markets ended sharply lower and witnessed heavy sell-off as a result of weak global cues. NSE's Nifty falled below the 300 mark while BSE Sensex closed below the 9,600 level.
The
30-share
Sensex
touched
an
intraday
low
of
9,520.96,
before
closing
the
day
at
9,568.14,
down
480.35
points
or
4.78
per
cent.
The
50-share
NSE
Nifty
shut
shop
at
2978.15,
down
4.2
per
cent
or
130.50
points,
after
hitting
day's
low
2962.40.
04:
50
PM
Indices nosedive; banking, realty plunge
At 1:52 pm, the Sensex was down 450 points, to 9,598 and the Nifty was down 123 points, to 2,985. The Nifty April futures were trading with 6-10 points premium. Broader indices - BSE Midcap and Small cap indices fell 1.2-1.5 per cent.
In
line
with
Asian
markets
the
benchmark
indices
saw
sharp
sell-off.
Stocks
like
banking,
realty,
metal,
technology
and
oil
&
gas
stocks
were
extemely
under
pressure.
02:40
PM
Sensex falls below 10000; banks, realty plunge
The
upmove
in
the
Indian
key
indices
ended
Monday,
Mar
30
as
profit
booking
set
in
after
bulls
in
global
markets
paused
after
several
days
of
gains.
All the sectoral indices were in the red led by losses in rate sensitive like banks and realty space.
At 10:15 am, Bombay Stock Exchange"s Sensex was at 9792.48 down 256.01 points or 2.55 per cent. The 30-share index touched an intra-day low of 9767.41 and a high of 9902.35.
BSE Midcap Index was down 0.63 per cent and BSE Smallcap Index slipped 0.07 per cent.
Amongst the sectoral indices, BSE Bankex was down 3.89 per cent, BSE Realty fell 3.63 per cent and BSE Metal Index slipped 3.41 per cent.
ICICI Bank (-5.76pc), Tata Steel (-4.45pc), Infosys Technologies (-3.98pc), Reliance Infrastructure (-3.93pc), Jaiprakash Associates (-3.91pc) were the major Sensex losers.
Mkts
open
low,
stocks
fall;
banks
hit
Equities
opened
lower
on
Monday,
Mar
30
tracking
the
weakness
across
overseas
markets.
All
sectoral
indices,
barring
the
healthcare
segment,
were
in
the
negative
territory.
Banks
and
technology
stocks
were
the
worst
hit.
Bombay Stock Exchange"s Sensex fell 61.8 points to 3042.85. National Stock Exchange"s Nifty lost 227.69 points to 9820.80.
The Dow Jones industrial average fell 148.38 points, or 1.87 per cent, to 7,776.18. The Standard & Poor's 500 Index shed 16.92 points, or 2.03 per cent, to 815.94 and the Nasdaq Composite Index slid 41.80 points, or 2.63 per cent, to 1,545.20.
Asian stocks also traded lower Monday after commodities prices fell and on speculation a recovery for banks will be delayed. The Nikkei shed 1.5 per cent, Topix lost 1.93 per cent, Hang Seng fell 1.92 per cent and Straits Times slipped 1.83 per cent.
OneIndia News