All the 13 sectoral indices of the Bombay Stock Exchange (BSE) declined by more than 4-11 per cent on Friday. The BSE Realty Index was the major loser, which crashed by 11.30 per cent, followed by the consumer durables index (down 10.11 per cent), metal (down 9.25 per cent), capital goods (down 9.22 per cent), power (down 8.80 per cent) and the BSE Bankex (down 7.84 per cent). BSE’s second-rung benchmark indices, the BSE Mid-Cap Index and the BSE Small-Cap Index tanked over 7-8 per cent each.
The BSE Sensex closed at a 26-month low of 10,527.85, down 7 per cent, the S&P CNX Nifty fell by 6.65 per cent on Friday. Oil and gas, auto, FMCG, IT and healthcare indices outperformed the major indices, declining by 4-6.7 per cent. Realty and power indices closed at an all-time low, while IT, auto and consumer durables indices closed at a three-year low. The banking, capital goods, healthcare and metal indices closed at a two-year on Friday.
| A GRIM TALE | |||
| Indices | 52-Wk high | Sep 10,08 | % Fall |
| Realty | 13,848.49 | 2,523.07 | 81.78 |
| Consumer dur | 7,119.69 | 2,139.50 | 69.95 |
| Metal | 20,494.62 | 6,542.57 | 68.08 |
| Power | 4,929.34 | 1,855.04 | 62.37 |
| Capital goods | 21,020.97 | 7,983.04 | 62.02 |
| Bankex | 12,678.98 | 5,319.50 | 58.04 |
| Sensex | 21,206.77 | 10,527.85 | 50.36 |
| IT | 5,075.13 | 2,584.25 | 49.08 |
| Oil & Gas | 14,268.89 | 7,272.31 | 49.01 |
| Auto | 5,865.35 | 3,255.68 | 44.49 |
| Healthcare | 4,602.15 | 3,213.28 | 30.18 |
| FMCG | 2,569.72 | 1,860.55 | 27.60 |
Realty, metal, power, capital goods, consumer durables and banking indices have been the major underperformers in the last nine months and have declined more than 58 per cent each from their January 8, 2008 levels, the day the Sensex closed at an all-time high. The Sensex has declined by 50 per cent from its peak, while NSE’s S&P CNX Nifty has declined by 48 per cent from its all-time high.