Markets draged down by index heavy weights.
Markets afte opening weak, closed lower on weak global cues, amid selling pressure in index heavy-weights on worries over US fedral Reserve slowing its bond buying programme. Sensex closed down by 317.39 or 1.62% at 19,325.36 after opening down by 93.70 points or 0.48% at 19,549.05, while Nifty closed down by 90.80 points 1.53% at 5,852.25 after opening down by 33.40 points or 0.56% at 5,909.65.
Sectoral wise, barring Consumer Durables which closed almost flat up by 0.04% all other indices ended negative. Metal and Bank index slumped by 3.23% and 2.52% followed by indices Real-Estate down by 2.33%, Capital Goods fell by 2.07%, Oil & Gas, PSU, Auto, Power and FMCG all falling down between 1.77-1.38% each, while IT and Healthcare declined by 0.63% and 0.48% each. From broader market, both the indices Mid-cap and Small-cap closed negative down by 1.64% and 1.74% each.
Major stock movers were, apart from Gail (India) closing up by 0.09% all other index contributers ended negative. Jindal Steel, Tata Steel, Sterlite Industries and Hindustan Industries slumped down between 4.19%-3.54%, ICICI Bank, Bharti Airtel, Maruti Suzuki, ONGC, Larsen & Tourbo, Reliance Industries Limited and Tata Motors slipped down between 4-2% recpectively, BHEL, Hindustan Unilever, State Bank of India, HDFC Bank, Mahindra & Mahindra, Wipro Limited and ITC fell down between 2-1%, Coal India Limited, Dr Reddy's Laboratories, HDFC, Infosys, NTPC, Heor Motocorp, Tata Consultancy Services, Bajaj Auto, Sun Pharmaceuticals, Cipla and Tata Power down between 1% respectively.
Videocon Industries surged up by 5% on news of ONGC to buy company's 10% stake in a giant gas field off Mozambique.
Alok Industries fell down by nearly 2%, as the company decide to part ways with London-based Savile Row Co.
SKS Microfinance slipped by over 4%, as insurance regulator IRDA imposed penalty for Rs 50 Lakh. As a corporate insurance agent, company collected extra funds, apart from the premium without proper disclosure to policy holders.
Shriram Transport slumped down by 8%, after US private equity firm TPG capital raising $305 million by selling about half of its stake in commercial vehicle financier Shriram Transport Finance Company.
Sectoral wise, barring Consumer Durables which closed almost flat up by 0.04% all other indices ended negative. Metal and Bank index slumped by 3.23% and 2.52% followed by indices Real-Estate down by 2.33%, Capital Goods fell by 2.07%, Oil & Gas, PSU, Auto, Power and FMCG all falling down between 1.77-1.38% each, while IT and Healthcare declined by 0.63% and 0.48% each. From broader market, both the indices Mid-cap and Small-cap closed negative down by 1.64% and 1.74% each.
Major stock movers were, apart from Gail (India) closing up by 0.09% all other index contributers ended negative. Jindal Steel, Tata Steel, Sterlite Industries and Hindustan Industries slumped down between 4.19%-3.54%, ICICI Bank, Bharti Airtel, Maruti Suzuki, ONGC, Larsen & Tourbo, Reliance Industries Limited and Tata Motors slipped down between 4-2% recpectively, BHEL, Hindustan Unilever, State Bank of India, HDFC Bank, Mahindra & Mahindra, Wipro Limited and ITC fell down between 2-1%, Coal India Limited, Dr Reddy's Laboratories, HDFC, Infosys, NTPC, Heor Motocorp, Tata Consultancy Services, Bajaj Auto, Sun Pharmaceuticals, Cipla and Tata Power down between 1% respectively.
Videocon Industries surged up by 5% on news of ONGC to buy company's 10% stake in a giant gas field off Mozambique.
Alok Industries fell down by nearly 2%, as the company decide to part ways with London-based Savile Row Co.
SKS Microfinance slipped by over 4%, as insurance regulator IRDA imposed penalty for Rs 50 Lakh. As a corporate insurance agent, company collected extra funds, apart from the premium without proper disclosure to policy holders.
Shriram Transport slumped down by 8%, after US private equity firm TPG capital raising $305 million by selling about half of its stake in commercial vehicle financier Shriram Transport Finance Company.
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