Markets tank, Sensex loses 285 pts
GK NEWS NETWORK
Srinagar, Jan 27: It was all mayhem on the Dalal Street today, when Sensex fell 285 points to close at 18,684 and the Nifty ended 83 points lower at 5,604.30.
According to reports all sectoral indices closed in red. The BSE Realty Index fell 3.57%. Healthcare, Metal and Bank indices were down 1.85-2.6%. Oil & Gas, Capital Goods, Auto, Power, IT and FMCG declined 1-1.6%.
Heavyweights Reliance Industries and ONGC were down 1.5-1.65%. Telecom players like Bharti Airtel and Reliance Communications tanked 3.6-3.9%. Infosys and Wipro from technology pack slipped 1.9% each while TCS rose 0.9%.
Sterlite Industries was the second top loser on Nifty with 5.4% fall due to Balco arbitration matter. Jindal Steel, Tata Steel, Hindalco and SAIL declined 0.9-2.2% while Sesa Goa went up 1.4%. Ambuja Cements and ACC outperformed others with gain of 2% each.
BHEL and L&T from capital goods space went down 2.5% & 1.3%, respectively.
India's second largest bank ICICI Bank' shares lost 2.3% followed by SBI, HDFC Bank, Kotak Mahindra Bank, PNB and IDFC fell 0.9-3%. DLF from realty pack tumbled 5.7%.
M&M from auto space plunged 4.6%; Hero Honda, Maruti and Bajaj Auto were down 0.6-2.85% while Tata Motors rallied 2.6% - a top gainer on Nifty after brokerages upgraded the stock. HUL lost another 4% on disappointing results.
Lastupdate on : Thu, 27 Jan 2011 21:30:00 Makkah time
Lastupdate on : Thu, 27 Jan 2011 18:30:00 GMT
Lastupdate on : Fri, 28 Jan 2011 00:00:00 IST
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