The Sensex opened with a significant negative gap of 365 points at 9,755 on the back of weak cues from the global markets. Metal stocks witnessed aggressive selling today.
The index plummeted to a low of 9,635 - down 485 points from the previous close. A pull-back in intra-day deals saw the index touch a high of 10,109. The Sensex, however, slipped back to lower levels in the last hour of trades and finally ended with a loss of 386 points at 9,734.
The BSE Metal index plunged 8.5% to 4,993. The Oil & Gas index shed 4.8% at 5,817, and the IT index slipped over 4% to 2,618.
The market breadth was fairly negative - out of 2,585 stocks traded, 1,633 declined, 869 advanced and the rest were unchanged today.
Tata Steel slumped 13.7% to Rs 186. Sterlite plunged over 11% to Rs 238, and Hindalco dropped 7.5% to Rs 57.
Tata Motors tumbled over 12% to Rs 159. Reliance shed 7.7% at Rs 1,172.
Bharti Airtel and Wipro slipped around 6.5% each to Rs 639 and Rs 253, respectively.
Infosys and HDFC dropped 5.5% each to Rs 1,248 and Rs 1,657, respectively.
Reliance Communications and SBI declined 4.5% each to Rs 216 and Rs 1,215, respectively.
ICICI Bank was down nearly 4% at Rs 434. Tata Power and Satyam slipped 3.5% each to Rs 719 and Rs 269, respectively.
HDFC, Reliance Infrastructure, Maruti, Grasim and NTPC were the other major losers.
Jaiprakash Associates surged over 4% to Rs 84. Ranbaxy gained 3.7% at Rs 216.
Hindustan Unilever rallied 3% to Rs 245. DLF added 2.5% to Rs 271. Mahindra & Mahindra was up 1% at Rs 379.
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