The Sensex opened 25 points lower at 9,205. After the initial nervousness the index rebounded into the positive zone and rallied to a high of 9,341. The index, however, could not hold gains and slipped back into the negative zone.
The selling pressure intensified in mid-noon trades mainly on account of significant weakness in technology, realty and energy stocks. The index tumbled to a low of 8,915 - down 427 points from the day's high.
The Sensex finally ended with a loss of 265 points at 8,965 today. In the process, the index ended the week with a loss of 128 points.
The BSE IT index shed 4.4% at 2,357. The Realty and Metal index plunged 3.5% each to 1,692 and 4,640, respectively. The Oil & Gas index dropped 3.3% to 5,495.
The market breadth was marginally negative - out of 2,156 stocks traded, 1,099 declined, 986 advanced and the rest were unchanged.
INDEX SHAKERS...
Jaiprakash Associates slumped 6.6% to Rs 66. TCS and Infosys plunged 5% each to Rs 522 and Rs 1,136, respectively.
DLF, HDFC, Hindalco and Sterlite tumbled nearly 5% each to Rs 203, Rs 1,436, Rs 50 and Rs 245, respectively.
Reliance and Satyam shed 3.5% each at Rs 1,119 and Rs 224, respectively.
ONGC, Bharti Airtel and SBI slipped nearly 3% each to Rs 655, Rs 665 and Rs 1,136, respectively.
HDFC Bank, ITC, Larsen & Toubro, Tata Steel and Reliance Infrastructure dropped around 2.5% each to Rs 889, Rs 169, Rs 729, Rs 183 and Rs 532, respectively.
Wipro, Tata Power and NTPC declined over 2% each to Rs 227, Rs 669 and Rs 161, respectively.
ICICI Bank and BHEL were down 1.5% each at Rs 358 and Rs 1,339, respectively.
...AND THE MOVERS
Tata Motors advanced 1.5% to Rs 153. Grasim added 1% to Rs 938.
VALUE & VOLUME TOPPERS
Reliance led the value chart with a turnover of Rs 315.20 crore followed by ICICI Bank (Rs 268.60 crore), SBI (Rs 228.50 crore), Educomp Solutions (Rs 183.20 crore) and Reliance Capital (Rs 139 crore).
Unitech led the volume chart with trades of around 3.30 crore shares followed by Suzlon (1.85 crore), HDIL (1.13 crore), GVK Power (1.07 crore) and Reliance Natural Resources (74.50 lakh).
