Bears rule Indian bourses

By IANS

Mumbai : The Indian capital markets ended deep in the red Wednesday on the back of weak cues from Asian markets. There was heavy selling across all sectors.


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Indian markets did not outperform their Asian peers, which resulted in the fourth largest single-day fall for the benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE).

Sensex shut shop below 19,000, down by 678.18 points or 3.52 percent at 18,602.62.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) lost 219.85 points or 3.80 percent at 5,561.

Even the BSE mid-caps and small-caps indices took it on their chin today. There was widespread selling of equities across markets and sectors.

The BSE mid-cap index plunged 408.03 points or 4.73 percent, plotting at 8,217.84. The BSE small-cap index also declined 425.93 points or 3.98 percent at 10,265.23.

The worst hit index was BSE bankex that witnessed a sharp run up earlier in the past few sessions. Metal, capital goods and power stock also fell Wednesday.

Religare Enterprises was listed on the bourses today at Rs.324 versus its issue price of Rs.185. It is trading strong at Rs.568 after slipping from its day’s high of Rs.600. Over 5.5 million shares have already traded on the NSE, making its one of the most active counters today.

Top losers on the Sensex were NTPC at Rs.239.50 down by 8.03 percent, BHEL at Rs.2,486.10 declined 6.33 percent and ITC at Rs.184.85 slide down 5.95 percent.

There were no gainers on the index.

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