Market crashes again, loses 500 points (Roundup)July 1st, 2008 - 6:39 pm ICT by IANS
Mumbai, July 1 (IANS) Bears took full control of the Indian bourses as the equities market plunged again following huge sell-off in European markets. Realty, banking, oil and gas were the worst hit. All the sectoral indices ended the day in red.
The market started on a weak note and continued the steep fall till afternoon and ended the day at lowest level.
The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 13,480.02 points, touched a low of 12,904.09 before closing at 12,961.68 points. It went down by 499.92 points or 3.71 percent at the day’s close.
The National Stock Exchange (NSE) S & P Nifty, which opened at 4039.75 points, closed at 3896.75 points. It went down by 143.80 points or 3.56 percent.
The BSE Midcap index, which closed at 5,141.86 points, went down by 244.62 points or 4.54 percent.
BSE Smallcap index, which closed at 6,385.11 points, went down by 316.85 points or 4.73 percent.
The market breadth was negative. On the BSE, 406 shares advanced, 2272 declined and 46 maintained status quo.
The top losers of the day included Reliance Infrastructure at Rs.702.05 down by 10.54 percent, Relaince communication at Rs.396 lost 10.49 percent, Mahindra and Mahindra at Rs.440.10 went down by 9.72 percent.
Tags: bears, benchmark, bombay stock exchange, european markets, indian bourses, july 1, market crashes, national stock exchange, nse, oil and gas, roundup, sectoral indices, sensitive index, steep fall