By IANS
Mumbai : It was a disappointing day for Indian capital markets as they ended in the red after a highly volatile session.
The mid-cap and small-cap indices that were trading with hefty gains in the morning came off significantly from the day’s high. The mid-cap index ended with moderate losses but the small-cap index managed to close marginally in the green.
The benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) shut shop at 19,280.80 – down by 352.56 points or 1.80 percent.
The broader S&P CNX Nifty of the National Stock Exchange (NSE) declined by 126.75 points or 2.15 percent at 5,781.
All BSE sector indices closed in the red. Heavy selling pressure was witnessed in capital goods, metal, oil and gas, realty and metal stocks.
Selling was also seen in IT, real estate, capital goods and oil and gas counters. Analysts now expect small cap companies to catch up with large cap stocks in terms of valuations.
On Wall Street, the Dow Jones Industrial Average plunged 218 points to 12,958. The Nasdaq composite index fell 43 points to 2,593. The broader S&P 500 Index finished 25 points lower at 1,433.
After a five-day winning streak, the BSE mid-cap index slipped in the red and declined by 104.95 points or 1.20 percent at 8,625.87.
However, the BSE small-cap index managed to stay in the positive territory with a gain of 18.27 points or 0.17 percent at 10,691.16.
Top gainers on the Sensex were Tata Motors at Rs.707.85, up 0.75 percent, Ambuja Cement at Rs.148.25 advanced 0.44 percent and Hindustan Unilever Ltd. at Rs.205.30 scaled up 0.24 percent.
Top losers on the Sensex were Hindalco at Rs.194.15 down by 5.50 percent, BHEL at Rs.2,654.20 declined 4.65 percent and DLF Ltd at Rs.907.90 slid down 4.21 percent.