Mkts see 2nd biggest fall ever; Sensex slips 5 pc

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posted on 16 years ago — updated on 1 second ago

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Barring auto and Pharma, all key indices traded in deep red through the day.

Mumbai: It was an extremely weak day for the markets wherein the Sensex and Nifty opened with huge gap down on the back of weak cues from the global markets. All the key indices traded in deep red through the day barring pharma and auto index which were holding up in green till mid trading session, but slipped in late trade.

Banking, realty, power, capital goods, metal and IT stocks were the worst-hit counters on Monday. Broader markets also were weak in line with the frontline counters giving abysmal breadth to the markets. On the volume front, the markets disappointed once again.

The Sensex ended down 900.84 points or 5.12 per cent at 16677.88, and the Nifty closed down 270.50 points or 5.18 per cent at 4953. About 524 shares have advanced, 2466 shares declined, and 55 shares are unchanged.

BSE auto index slipped 1.02 per cent at 4837.24. Punjab Tractors, M&M and Escorts and MRF have been the worst hit in auto sector. BSE bankex ended down 7.06 per cent at 9339.97. PNB, Bank Of India and SBi were the top losers.

BSE capital goods index slipped 5.03 per cent at 4463.05. In capital goods space, the top losers were Suzlon Energy, BHEL, Praj Industries and Siemens. BSE IT index ended down 4.94 per cent at 3671.61. Financial Tech, Satyam, Infosys and Patni Computer lost maximum in the IT space.

BSE pharma index ended down 0.51 per cent at 3908.77. In the pharma secrtor, leading losers were Glenmark, Dr Reddys lab and Apollo Hospital. BSE FMCG index slipped 1.70 per cent at 2235.83. Bata India, Marico and ITC were the major losers.

BSE metal index ended down 6.12 per cent at 15715.81. SAIL, Jindal Steel and Sterlite Industries were the top losers. BSE oil & gas index closed down 5.39 per cent at 10437. Essar Oil, Reliance Natural and Reliance were the top losers in the energy sector.

BSE power index ended down 6.48 per cent at 3433.08. DLF, Mahindra Life and Peninsula Land were the weakest counters in realty space. BSE realty index slipped 6.71 per cent at 8923.76. Suzlon Energy, GMR Infra and BHEL were the top losers in this space.