Equity markets end at 15-month low (Roundup)July 15th, 2008 - 6:31 pm ICT by IANS
Mumbai, July 15 (IANS) Indian equity markets ended at a 15-month low Tuesday following a 654-point drop in the Sensex. Banking, capital goods, metal and power stocks were the worst hit. All the sectoral indices ended the day in the red.
The markets started on a weak note and kept going down through the day.
The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened at 13,067.08 points and touched a low of 12,605.00 before closing at 12,676.19. It went down by 654.32 points or 4.91 percent compared to its closing figure Monday.
The S&P CNX Nifty index of the National Stock Exchange, which opened at 4,039.30 points, closed at 3,861.10. It went down by 178.60 points or 4.42 percent from its previous close.
The BSE Midcap index, which closed at 5,163.51 points, went down by 167.29 points or 3.14 percent.
The BSE Smallcap index, which closed at 6,430.90 points, went down by 209.16 points or 3.15 percent.
The market breadth was negative. On BSE, 535 shares advanced, 2,105 declined and 57 maintained status quo.
Top losers of the day included Ranbaxy Labs at Rs.409.25 down 14.01 percent; HDFC Bank at Rs.916.40 down 11.26 percent and ICICI Bank at Rs.529.30 down 8.72 percent.