Mumbai: Bears have taken over the market once again, causing Nifty to revisit an 18-month low level of 4,728.25 — a level that was last visited in February, 2010. The 30-share BSE Sensex was trading at 15,831, down 315 points and the 50-share NSE Nifty dropped 101 points to trade at 4,738. The BSE Midcap and Smallcap indices lost 2 per cent each.
All sectoral indices were on sellers' radar. The BSE Realty and Metal plunged over 3.6 per cent. Power, Bank, Oil & Gas and FMCG indices were down 2-2.6 per cent.
Anil Dhirubhai Ambani group stocks saw a big cut. Reliance Capital was the biggest loser, crashing 12 per cent. Reliance Communications lost 10 per cent. Reliance Infrastructure fell 9 per cent and Reliance Power slipped 6 per cent.
Among other largecaps, Reliance Industries, SBI, ITC, NTPC, Wipro, Tata Steel, SAIL, DLF, PNB and Cairn India were down 3-5 per cent.
ONGC overtook RIL in market cap. However, only Infosys, Hero Motocorp and M&M were gainers.
Market breadth deteriorated further; about four shares declined for every one share gained.
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