The Sensex opened with a negative gap of 487 points at 9,683 as global markets were down. Unabated selling in metals, automobiles and finance stocks resulted in the index losing ground.
An afternoon rally pushed the markets into the green but that didn't last long. Late afternoon, the markets tumbled again.
The Sensex touched a low of 9,681.28 and a high of 10,260.55 points but ended the day at 9,771.70, down 398 points.
The BSE Metal index lost 11.08%, while the BSE Auto was down 7.2%.
The market breadth was negative - there were 631 advances, 1,897 stocks declined and 67 stocks stayed unchanged.
The Nifty ended 122 points lower at 2943.
Metals continued to melt. Tata Steel lost 14.85% to Rs 208.45, Tata Motors lost 14.6% to Rs 195, and Hindalco declined 13.1% to Rs 52.75. Ranbaxy fell 10.9% to Rs 229.95.
Mahindra & Mahindra lost 9.8% to Rs 342, Maruti lost 8.8% to Rs 592 and ICICI Bank declined 7.8% to Rs 365.55.
Bharti lost 7.76% to Rs 615.60, HDFC declined 7.7% to Rs 1,758 and Reliance Industries fell 7.6% to Rs 1,215.
Sterlite and Jaiprakash Associates lost 7.5% and 6.4% respectively to Rs 245.30 and 67.85.
Six Sensex stocks bucked the gloom and went up. Grasim gained 4.74% to Rs 1,215. Capital goods players Bhel and L&T gained 2.74% and 2.43% to Rs 1,170 and Rs 835 respectively.
HDFC Bank gained 2.23% to Rs 1,072, ONGC advanced 1.94% to Rs 776 and TCS was up 0.2% to Rs 547.45.
An afternoon rally pushed the markets into the green but that didn't last long. Late afternoon, the markets tumbled again.
The Sensex touched a low of 9,681.28 and a high of 10,260.55 points but ended the day at 9,771.70, down 398 points.
The BSE Metal index lost 11.08%, while the BSE Auto was down 7.2%.
The market breadth was negative - there were 631 advances, 1,897 stocks declined and 67 stocks stayed unchanged.
The Nifty ended 122 points lower at 2943.
Metals continued to melt. Tata Steel lost 14.85% to Rs 208.45, Tata Motors lost 14.6% to Rs 195, and Hindalco declined 13.1% to Rs 52.75. Ranbaxy fell 10.9% to Rs 229.95.
Mahindra & Mahindra lost 9.8% to Rs 342, Maruti lost 8.8% to Rs 592 and ICICI Bank declined 7.8% to Rs 365.55.
Bharti lost 7.76% to Rs 615.60, HDFC declined 7.7% to Rs 1,758 and Reliance Industries fell 7.6% to Rs 1,215.
Sterlite and Jaiprakash Associates lost 7.5% and 6.4% respectively to Rs 245.30 and 67.85.
Six Sensex stocks bucked the gloom and went up. Grasim gained 4.74% to Rs 1,215. Capital goods players Bhel and L&T gained 2.74% and 2.43% to Rs 1,170 and Rs 835 respectively.
HDFC Bank gained 2.23% to Rs 1,072, ONGC advanced 1.94% to Rs 776 and TCS was up 0.2% to Rs 547.45.
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