Sensex closes below 15,000, down 176 points (Roundup)June 10th, 2008 - 6:47 pm ICT by IANS
Mumbai, June 10 (IANS) Indian equities continued their downslide Tuesday as weak sentiments of global markets weighed heavily on domestic bourses. Except healthcare and oil and gas, all the sectoral indices in the Bombay Stock Exchange (BSE) ended the day in the red. Realty, metal and banking stocks were among the leading losers.
The 30-share benchmark index of the BSE, the Sensex, closed below the psychologically important 15,000 mark while the S&P Nifty index of the National Stock Exchange touched a new low of 2008 during Tuesday’s trade.
The market started with a loss and slipped further in morning trade. It did recover some ground in the afternoon, especially in the last hour of trading, but that was not enough to pull it back from the red.
The Sensex opened at 14,979.96 points and touched a low of 14,645.31, before closing at 14,889.25. It went down by 176.85 points or 1.17 percent compared to its closing figure Monday.
The Nifty, which opened at 4,522.00 points, closed at 4,449.80. It went down by 51.15 points or 1.14 percent from its previous close.
The BSE Midcap index, which closed at 6,103.83 points, went down by 66.50 points or 1.08 percent.
The BSE Smallcap index, which closed at 7,341.16 points, went down by 75.38 points or 1.02 percent.
The market breadth was negative. On BSE, 964 shares advanced, 1,667 declined and 68 maintained status quo.
Top losers of the day included HDFC at Rs.2101.00 down 4.79 percent; ONGC at Rs.831.25 lost 8.74 percent; HDFC Bank at Rs.1,130.95 down 4.46 percent.
The top gainers of the day included Ranbaxy Labs which closed at Rs.560.75, up 6.53 percent; Cipla at Rs.211.05 gained 2.13 percent; Reliance Industries at Rs.2,199.40 was up 1.68 percent.