Taking weak cues from the global markets the Sensex opened with a negative gap of 263 points at 14,086. The index could hardly manage to touch a high of 14,153 before slipping to lower levels.
Rate hike move by the Reserve Bank of India triggered a fresh round of selling. The index tumbled to a low of 13,727 - down 622 points from the previous close. The Sensex finally ended with a loss of 557 points at 13,792.
The BSE Bankex tumbled 8.3% (562 points) to 6,200. The Realty index shed 5.5% at 4,798, and the Capital Godds index dropped almost 5% to 11,321.
The market breadth was negative - out of 2,707 stocks traded, 1,667 declined, 968 advanced and 72 were unchanged today.
The NSE Nifty dropped 142 points to settle at 4,190.
INDEX SHAKERS...
HDFC Bank and ICICI Bank slumped around 8.5% each to Rs 1,029 and Rs 607, respectively. SBI tumbled nearly 7% to Rs 1,321, and HDFC slipped over 5% to Rs 2,106.
Reliance Infrastructure shed 8% at Rs 908. Maruti and Tata Motors plunged around 7% each to Rs 568 and Rs 397, respectively.
Larsen & Toubro dropped 6.5% to Rs 2,546. Mahindra & Mahindra and DLF declined 5.5% each to Rs 500 and Rs 472, respectively.
Jaiprakash Associates slipped over 5% to Rs 153, and Hindalco shed 4.7% at Rs 139.
Reliance and Reliance Communications declined 4.3% each to Rs 2,085 and Rs 490, respectively. ACC, too, was down over 4% at Rs 569.
Ranbaxy slipped nearly 4% to Rs 475. NTPC and BHEL were down around 3.5% each at Rs 178 and Rs 1,592, respectively.
Tata Steel and ONGC dropped over 3% each to Rs 584 and Rs 982, respectively. Bharti Airtel was down 2% at Rs 779.
...AND THE MOVERS
Hindustan Unilever surged nearly 3% to Rs 238. Sterlite gained 1.7% at Rs 592.
MOST ACTIVE COUNTERS
Reliance Capital topped the value chart with a turnover of Rs 313.40 crore followed by Larsen & Toubro (Rs 223.40 crore), Reliance (Rs 222.25 crore), ICICI Bank (Rs 194 crore) and Reliance Natural Resources (Rs 178.25 crore).
Reliance Natural Resources led the volume chart with trades of around 1.98 crore shares followed by Himachal Futuristic (1.51 crore), IFCI (1.28 crore), Ispat Industries (97 lakh) and Polaris (83.35 lakh).
