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Day End Report

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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