The Sensex opened with significant positive gap of 258 points at 9,161 on the back of positive cues from the US markets. The index soon touched a high of 9,183, and thereafter pared gains as the day progressed.Significant weakness in select energy, realty and banking stocks dragged the index into the negative zone. The index tumbled to a low of 8,649 - down 534 points from the day's high. The Sensex finally ended with a loss of 208 points at 8,696.Market breadth was extremely weak. Of the 2,524 stocks traded on the BSE, 1,442 stocks declined, 995 stocks advanced and 87 stocks ended unchanged. All the sectoral indices were bashed bar the BSE CD. BSE Oil & Gas led the slump falling by 3.86% for the session. BSE CG was down 2.56%, BSE Realty lost 2.51% and BSE Bankex dropped 2.01%. The remaining sectoral indices slipped by around 1-2% each.
Of the 30 Sensex stocks, 23 ended in the red, with oil and capital goods stocks taking a strong beating. Among oil stocks, Aban Offshore plummeted by 6.85% at Rs707.65 and Reliance Industries Ltd (RIL) crashed by 6.40% at Rs1,071.70. Capital goods major, Suzlon Energy slumped 9.49% at Rs42.45 and BEML lost nearly 9% at Rs290. Index heavyweight Mahindra & Mahindra plunged 7.63% at Rs276.65, State Bank of India (SBI) shed 6.55% at Rs1,071.70, Reliance Communications declined by 4.98% at Rs195.55, Ranbaxy Laboratories slipped by 4.70% at Rs203.60 and Sterlite Industries fell by 4.64% at Rs204.65.
Satyam and Tata Motors rallied nearly 2% each to Rs 234 and Rs 136, respectively.
ONGC and Maruti were up 1% each at Rs 686 and Rs 535, respectively.
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