Sensex sheds over 430 pts; Hindalco, SAIL dip
Mumbai, Feb 5: The benchmark Sensex shed over 430 points at close following bearish trend across the globe on credit defaults in the Eurozone countries.
The 30-share BSE Sensex closed at 15,790.93, down 434.02 points or 2.68 pc.
The 50-share NSE Nifty fell 2.61 pc or 126.70 points, to settle at 4,718.65, after seeing day's low of 4,692.35.
Biggest Nifty losers were Ranbaxy Laboratories (-6.42 pc), Jaiprakash Associates (-6.25 pc), Hindalco Industries (-5.88 pc), Tata Steel (-5.49 pc) and SAIL (-4.98 pc).
European markets were trading 1.1-2.3 pc lower while US index futures were flat.
Asian
markets
witnessed
huge
selling
pressure.
Taiwan
Weighted
slipped
4.3
pc.
Hang
Seng,
Kospi,
Jakarta
and
Nikkei
lost
around
3
pc
each.
Shanghai
was
down
1.87
pc
and
Straits
Times
down
2.24
pc.
4:22
PM
Sensex down over 400 pts; Infy, ONGC dip
At 12.42 pm, the Nifty was trading at lowest point of the day and was inching towards the 4700 mark on the downside.
The Sensex was down 425.01 points or 2.62 pc at 15799.94, and the Nifty was down 134.55 points or 2.78 pc at 4710.80.
The breadth of the market also worsened further. About 421 shares advanced, 2487 shares declined, and 237 shares were unchanged.
The BSE realty and metal index were down more than 4 pc each.
Heavy selling was also seen in banks, oil&gas, IT, capital goods, power and auto stocks. ONGC, Reliance Industries, Infosys, SAIL and SBI were dragging the Sensex down.
In the largecap space, Hindustan Unilever and Ambuja Cements were the only gainers on the Nifty.
On
the
losing
side,
Ranbaxy
Labs,
Tata
Steel,
Hindalco,
Axis
Bank
and
Jaiprakash
Associates
were
down
4-5.5
pc.
1:59
PM
Nifty down 100 pts; realty, metal, banks slide
At 11.28 am, the Nifty was struggling to past even the 4750 mark and was down over 100 points.
The Sensex was down 380.55 points or 2.35 pc at 15844.40, and the Nifty was down 114.20 points or 2.36 pc at 4731.15.
About 457 shares advanced, 2430 shares declined, and 258 shares were unchanged.
Heavy selling was seen in realty, metal, banks, capital goods, oil&gas, auto & power stocks.
All the BSE sectoral indices were down more than 1 pc. The BSE Midcap and Smallcap index were down 2.54 pc and 2.78pc respectively. The BSE IPO index also lost 2 pc.
In
the
largecap
space,
Hindustan
Unilever
was
the
only
gainer
on
the
Sensex.
Tata
Steel,
Jaiprakash
Associates,
ICICI
Bank,
ONGC
and
Hindalco
were
down
2-4pc.
12:07
PM
Sensex
loses
over
300
pts;
RIL,
DLF
dip
The
benchmark
Nifty
crashed
in
early
trade
following
free-fall
in
US
and
Asian
markets
on
European
debt
worries.
At 9:02 am, the Nifty was trading at 4737, down 108 points and the Sensex was at 15877, down 347 points.
The market breadth was very weak; about 23 shares advanced while 820 shares declined on the NSE.
Infrastructure, realty, metal post CRB Index loses 2 pc, oil & gas and banking were the major losers
Among the frontliners, Suzlon, Tata Steel, Jaiprakash Associates, SAIL, DLF, Ambuja Cements, Tata Motors, DLF, Sterlite, ICICI Bank, Ranbaxy, IDFC, M&M and L&T were the major losers.
Asian
markets
were
trading
lower.
Shanghai,
Nikkei,
Hang
Seng,
Taiwan,
Straits
Times,
Kospi
and
Jakarta
fell
1.5-3.5
pc.
SGX
Nifty
was
down
2.6
pc.
9:49
AM
OneIndia News