Sensex nose-dives 326 points in afternoon (Lead)
January 13th, 2011 - 3:20 pm ICT by IANS
Mumbai, Jan 13 (IANS) A benchmark index for Indian equities market Thursday plummeted 326 points in the afternoon as traders booked profits on front-line stocks that had gained in Wednesday’s rally.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,492.3 points, was ruling at 19,207.26 points - down by 326.84 points or 1.67 percent from its previous close at 19,534.1 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange too was in the red, trading 95.85 points or 1.63 percent lower at 5,767.4 points.
Broader markets were trading weak, with the BSE midcap index ruling 0.64 percent down and the BSE small cap index trading 0.19 percent lower.
Banking, IT and consumer durables were among the top losing sectors. All 13 sectoral indices on the BSE were in the red.
The market breadth was negative, with 1,134 stocks advancing compared to 1,586 scrips on the decline, while 92 stocks remained unchanged.
Among gainers on the Sensex were Reliance Com, ONGC, DLF and Bajaj Auto, while the losers included Infosys, HDFC Bank, ICICI Bank and SBI.
Asian stock markets were in the green.
The Chinese Shanghai Composite index moved down 0.23 percent at 2,827.71 points, while Hong Kong’s Hang Seng was ruling 0.47 percent higher at 24,239.78 points.
The Japanese Nikkei closed 0.73 percent up at 10,589.76 points.
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Tags: asian stock markets, benchmark index, bombay stock exchange, bse, cap index, consumer durables, dlf, gainers, hang seng, hdfc bank, icici bank, index trading, line stocks, market breadth, national stock exchange, ongc, scrips, sectoral indices, sensitive index, shanghai composite index