Markets end in deep red in line with Asia

Desi89

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posted on 16 years ago — updated on 1 second ago

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Among the top losers were stocks from IT, metal, realty and oil & gas sector.

Mumbai: It was an extremely weak session for the markets on Wenesday as they closed deep in red with rest of Asia. The cues from US were negative, which slumped on weak economy data giving rise to concerns over recessionary trend. Asia ended down in the range of 4-6 per cent. Among the top losers were stocks from IT, metal, realty and oil & gas sector.

On the primary markets front, it has been disappointing for Emmar MGF IPO it has been suscribed only 0.58 times. Most of the bids were at Rs 540/share the lower end of price band.

Fertilisers stocks stood out in on Wednesday's session with Deepak Fertilisers up over 6 per cent followed by Chambal and Nagarjuna Fertilisers.

All the BSE indices ended deep in red. BSE IT index was down 5.5 per cent, metal index was down over 4 per cent, BSE oil & gas was down over 3.5 per cent and realty index was down over 2 per cent.

The Sensex closed down 523.67 points or 2.81 per cent at 18139.49, and the Nifty down 161.35 points or 2.94 per centat 5322.55. About 1379 shares have advanced, 1576 shares declined, and 55 shares are unchanged.

The BSE Midcap Index ended at 7,970.74 down 1.3 per cent. The BSE Smallcap Index ended at 10,412.81 down 0.5 per cent. The BSE Bankex was down 2.5 per cent at 10,690.01. IOB, ICICI Bank, Centurion bank, Axis closed lower.

The BSE Capital Goods Index closed at 16,571.65 down 2 per cent. Suzlon, Reliance Infra, Siemens, Triveni Engineering closed lower. The BSE Auto Index closed at 4,900.05, down 2.4 per cent. Tube Investment, Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed lower.

The BSE Metal Index closed at 16,189.46, down 3.6 per cent. JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed lower. The BSE FMCG Index closed down 2 per cent at 2,189.40. Colgate, ITC, Nestle, Dabur ended lower.

BSE Oil and Gas Index closed at 11,160.83, down 2.2 per cent. BPCL, HPCL, IOC, Reliance Natura, GAIL ended lower. The BSE IT Index was at 3,813.82, down 5.6 per cent. HCL, Infosys, Tech mahindra, TCS, Tech Mahindra closed lower.

The NSE cash turnover was at Rs 13914.74 crore and the NSE F&O turnover was at Rs 42234.95 crore. The BSE cash turnover was Rs 6291.41 crore. Total market wide turnover was at Rs 62441.10 crore.