The Sensex opened with a negative gap of 156 points at 12,900 on the back of negative cues from the global market. The index tried to recover but could only manage to touch a high of 13,001.
Relentless selling in metal and oil & gas stocks saw the index slide as the day progressed. Banking, capital goods and technology stocks were also very weak today. The index tumbled to a low of 12,473 at the fag end of the day.
The Sensex finally settled with a huge loss of 529 points (4%) at 12,526. In the process, the index shed 576 points (4.4%) for the week, and is down a whopping 1,516 points (10.8%) in the last two trading weeks.
The BSE Metal index cracked 7% (635 points) to 8,417, and the Oil & Gas index plunged 5.7% (513 points) to 8,427. The Bankex dropped nearly 4% (259 points) to 6,429, and the IT index shed 3.3% (108 points) at 3,110.
The market breadth was fairly negative - out of 2,644 stocks traded, 1,923 declined, 670 advanced and 51 were unchanged today.
Tata Steel slumped over 10% to Rs 394. ICICI Bank tanked 8.5% to Rs 505.
Sterlite and Reliance tumbled nearly 8% each to Rs 396 and Rs 1,761, respectively.
Tata Power crashed over 6% to Rs 889. HDFC shed 5.5% at Rs 2,082.
Reliance Infrastructure dropped over 5% to Rs 741. Larsen & Toubro, Infosys and Bharti Airtel were down around 4.5% each at Rs 1,158, Rs 1,391 and Rs 756, respectively.
Reliance Communications slipped 3% to Rs 333. DLF, Tata Motors, Jaiprakash Associates and Wipro declined around 2.5% each to Rs 336, Rs 331, Rs 116 and Rs 341, respectively.
ONGC and TCS dropped over 2% each to Rs 1,020 and Rs 657, respectively.
Maruti, Satyam, HDFC Bank, BHEL and SBI were down around 1.5% each.
Ranbaxy surged nearly 5% to Rs 264. Mahindra & Mahindra moved up 1.7% to Rs 515.
Hindustan Unilever was the only other gainer among the index stocks.
Relentless selling in metal and oil & gas stocks saw the index slide as the day progressed. Banking, capital goods and technology stocks were also very weak today. The index tumbled to a low of 12,473 at the fag end of the day.
The Sensex finally settled with a huge loss of 529 points (4%) at 12,526. In the process, the index shed 576 points (4.4%) for the week, and is down a whopping 1,516 points (10.8%) in the last two trading weeks.
The BSE Metal index cracked 7% (635 points) to 8,417, and the Oil & Gas index plunged 5.7% (513 points) to 8,427. The Bankex dropped nearly 4% (259 points) to 6,429, and the IT index shed 3.3% (108 points) at 3,110.
The market breadth was fairly negative - out of 2,644 stocks traded, 1,923 declined, 670 advanced and 51 were unchanged today.
Tata Steel slumped over 10% to Rs 394. ICICI Bank tanked 8.5% to Rs 505.
Sterlite and Reliance tumbled nearly 8% each to Rs 396 and Rs 1,761, respectively.
Tata Power crashed over 6% to Rs 889. HDFC shed 5.5% at Rs 2,082.
Reliance Infrastructure dropped over 5% to Rs 741. Larsen & Toubro, Infosys and Bharti Airtel were down around 4.5% each at Rs 1,158, Rs 1,391 and Rs 756, respectively.
Reliance Communications slipped 3% to Rs 333. DLF, Tata Motors, Jaiprakash Associates and Wipro declined around 2.5% each to Rs 336, Rs 331, Rs 116 and Rs 341, respectively.
ONGC and TCS dropped over 2% each to Rs 1,020 and Rs 657, respectively.
Maruti, Satyam, HDFC Bank, BHEL and SBI were down around 1.5% each.
Ranbaxy surged nearly 5% to Rs 264. Mahindra & Mahindra moved up 1.7% to Rs 515.
Hindustan Unilever was the only other gainer among the index stocks.
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