Mumbai: It seems the pain regarding Participatory Notes is not yet over as the Sensex saw its biggest single day points loss. The markets opened in green and touched new highs.
But reversed its gains as a big wave of institutional selling took the markets below some important psychological marks. It got worse by the second and the markets closed with some huge losses.Nifty Futures saw a whopping 50 points discount towards close.
Nifty saw 500 points swing during the day closing near the day's low and Nifty Junior was down 5 per cent. Bank, realty, metal stocks are the worst hit. Bankex is down over 7 per cent and realty index is down 6 per cent.
ACC is down over 13 per cent post its Q3 numbers, its results were below street estimates. ACC, ICICI Bank, Bharti, Suzlon, SBI, were among the major losers on the indices.
TCS was up 3 per cent, it has bagged $1.2 billion order 10-year deal from Nielsen Co. It will provide IT & operations support worldwide to the company.
Sensex was down 717.43 points or 3.83 per cent at 17998.39, and the Nifty down 208.30 points or 3.75 per cent at 5351.00.
About 1183 shares have advanced, 1798 shares declined, and 68 shares are unchanged. The BSE Midcap Index ended at 7,426.24 down 2.3 per cent.
The BSE Smallcap Index ended at 9,078.75 down 1.3 per cent. The BSE Bankex was down 6 per cent at 9,034.68. SBI, IOB, ICICI Bank, Andhra Bank, Union Bank, Bank of India, Yes Bank moved downwards.
The BSE Capital Goods Index was down 4 per cent at 16,140.49. Suzlon Energy, Areva T&D, BHEL, Triveni Engg, Carborundum, Crompton Greave, BEML closed lower.
The BSE Auto Index closed at 5,393.48 down 2 per cent. Escorts, MRF, Cummins, Tata Motors, Bajaj Auto closed lower.
The BSE Metal Index closed at 15,029.82 down 4 per cent. JSW Steel, Mah Seamless, Tata Steel, SAIL, Shree Precoated, Jindal Steel, Mah Seamless, Hindalco, JindalStainless closed lower.
The BSE FMCG Index closed at 2,085.20 down 1 per cent. US, Bata India, Nestle, Colgate, HUL closed lower.
BSE Oil and Gas Index closed at 10,562.90 down 4 per cent. Reliance, GAIL, ONGC, HPCL, IOC, Essar Oil ended in red. The BSE IT Index closed flat at 4,676.27. TCS , Wipro Satyam, Infosys ended in green.
The NSE cash turnover was at Rs 26010.87 crore and the NSE F&O turnover was at Rs 110563.83 crore. The BSE cash turnover was Rs 11663.21 crore. Total market wide turnover was at Rs 148237.91 crore.
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