Markets remain southbound, Sensex loses almost 3 percent (Roundup)February 17th, 2009 - 7:25 pm ICT by IANS
Mumbai, Feb 17 (IANS) Indian equities closed in the red Tuesday on weak global cues, leading to a key index ending 2.91 percent below its previous close.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange closed at 9,035 points, down 2.91 percent or 270.45 points from its 9,305.4 points close Monday.
It had slipped below the psychologically important mark of 9,000 late afternoon but managed to crawl above it by end of the day’s trading.
The BSE midcap index was down 2.31 percent while the BSE smallcap ended 2.35 percent lower.
At shutters, the broader-based S&P CNX Nifty of the National Stock Exchange (NSE) was at 2,770.5 points, 2.74 percent lower than its last close.
Foreign institutional investors were net sellers Tuesday, pulling out about $70.3 million from Indian equities markets.
All the 13 sectoral indices on the BSE turned negative with those for realty and consumer durable companies losing the most.
The overall market sentiment was negative with 682 stocks advancing, 1,722 scrips declining and 100 remaining unchanged.
The only gainer among the 30 scrips on the Sensex was ITC (up 0.08 percent at Rs.180.55).
Among losers on the Sensex were Tata Steel (down 6.74 percent at Rs.171.65), ICICI Bank (down 5.69 percent at Rs.385.90), DLF (down 5.19 percent at Rs.147.85) and Mahindra and Mahindra (down 5.01 percent at Rs.298.70).
In other Asian markets, a key Japanese index, the Nikkei of the Tokyo Stock Exchange, closed at 7,645.51 points, 1.35 percent lower than its previous close.
The Hang Seng, a key index of the Hong Kong Stock Exchange, ended 3.79 percent below its last close.
In European markets, the FTSE index in Britain was ruling 0.83 lower than its previous close at 4,100.5 points.