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Markets plunge; highest single day fall for Nifty

Markets plunge; highest single day fall for Nifty (Moneycontrol.com 17th Dec 2007)
The markets after opening on weak note today in line with global peers proceeded to trade weak for the whole day and succumbed to heavy profit booking in late trade and finally ended in deep red. Heavy selling was witnessed in the metal, realty, power and oil & gas stocks.
Banking, auto and cap goods were also weak, however the pharma and FMCG stocks were little resilient to the free fall in the first half but they also slipped in the later part. Midcap and smallcap index also ended with deep cut. Market breadth was negative at the time of closing but the volume was realtively impressive.
Sensex witnessed second highest single day fall today and ended down 769.48 points or 3.84% at 19261.35, and the for the Nifty, it was biggest ever single day fall and it was down 270.70 points or 4.48% at 5777. About 1115 shares have advanced, 1950 shares declined, and 28 shares are unchanged. BSE midcap was down 3.87% at 9105.58. Smallcap was down 2.91% at 11840.02.
BSE auto index was down 3.04% at 5569. TVS Motor, Hind Motors, Ashok Leyland, Escorts and Tata Motors ended with huge cut in the auto space.
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