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Day End Report

Mirroring negative cues from the overseas markets, the Sensex opened with a negative gap of 183 points at 14,718. The index tried to recover but could only manage to touch a high of 14,866.

A fresh round of selling, mainly in metal stocks, in the second half of day saw the index slide to a low of 14,610. The Sensex finally ended with a significant loss of 238 points at 14,663.

The market breadth was fairly negative - out of 2,730 stocks traded, 1,722 declined, 931 advanced and the rest were unchanged.

The BSE Metal index slumped 5.5% (647 points) to 11,154.

Sterlite led the fall folowing the company's restrcuturing plan yesterday, The stock plummeted nearly 12% to Rs 508. Tata Steel plunged over 5% to Rs 535.

Jindal Steel, Gujarat NRE Coke, JSW Steel, SAIL, Hindustan Zinc, NMDC and Sesa Goa shed 4-8% each. 

Tata Power and Reliance Infrastructure dropped nearly 3.5% each to Rs 1,049 and Rs 1,035, respectively.

Bharti Airtel tumbled 3% to Rs 812. Reliance shed 2.8% at Rs 2,084.

HDFC slipped 2.5% to Rs 2,320. Jaiprakash Associates and ONGC declined 2.3% each to Rs 168 and Rs 1,077, respectively.

BHEL and Maruti dropped 2% each to Rs 1,711 and Rs 695, respectively.

TCS and ICICI Bank declined 1.7% each to Rs 851 and Rs 701, respectively.

Grasim, ACC and Infosys were the notable gainers among the index stocks.

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