he Sensex opened 99 points lower at 8,944, and exhibited weakness for most part of the trading day. Heavy selling in select banking and technology stocks dragged the index to a low of 8,763.
The index recovered partially towards the close on account of some short-covering ahead of the extended weekend holidays. The Sensex finally ended with a loss of 199 points at 8,843. In the process, the index ended the week with a significant loss of over 6% (581 points).
Today, the BSE Bankex plunged 3.5% to 4,299. The IT and Metal indices shed 2.7% each at 2,039 and 4,692, respectively.
The market breadth was fairly negative - out of 2,499 stocks traded, 1,637 declined, 775 advanced and the rest were unchanged.
ICICI Bank slumped 7% to Rs 336. Reliance Communications tumbled 4.5% to Rs 155.
Reliance Infrastructure, TCS and Sterlite plunged around 3.3% each to Rs 491, Rs 474 and Rs 248, respectively.
Reliance and Mahindra & Mahindra also shed over 3% each to Rs 1,254 and Rs 281, respectively.
Larsen & Toubro and HDFC dropped nearly 3% each to Rs 623 and Rs 1,354, respectively.
Tata Steel, Infosys and Jaiprakash Associates slipped around 2.5% each to Rs 168, Rs 1,178 and Rs 67, respectively.
Wipro declined 2.3% to Rs 215. Grasim, HDFC Bank, Tata Power and Hindalco were down around 2% each at Rs 1,344, Rs 867, Rs 738 and Rs 39, respectively.
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