Wary investors pressed sales for second straight day over uncertainty that Left parties may withdraw support to the government leading to early election. It experienced bout of volatility in early trade. The BSE Sensex cracked below the 16,000 mark in opening trade. Market breadth was weak. Weak global cues also dampened sentiment in early trade.
At 10:25 IST, the 30-share BSE Sensex was down 214.32 points or 1.33% at 15,848.36. It opened 211.46 points lower at 15,851.72 and slipped further to touch a low of 15,786.73 in early trade. At the day’s low, the Sensex lost 276.45 points. At the day’s high of 15,906.77, Sensex lost 156.41 points.
The broader based S&P CNX Nifty was down 60.70 points or 1.28% at 4,678.60
The market breadth was weak on BSE with 1475 shares declining as compared to 285 that advanced. 25 remained unchanged.
The total turnover on BSE amounted to Rs 843 crore
Among the 30-member Sensex pack, 23 advanced while the rest slipped.
India’s largest private sector power utility company in terms of sales, Reliance Infrastructure slumped 4.73% to Rs 1113 on 82,365 shares. It was the top loser from Sensex pack.
Satyam Computer Services (down 4.46% to Rs 495.50), Bharat Heavy Electricals (down 3.17% to Rs 1545), and Hindalco Industries (down 2.80% to Rs 177.15), edged lower from Sensex pack.
India’s largest private sector company in terms of market capitalisation and oil refiner Reliance Industries (RIL) was up 0.86% to Rs 2376 on 1.32 lakh shares. It was the top gainer from Sensex pack. The stock moved in a range of Rs 2318.60 and Rs 2378.45 so far during the day.
ONGC (up 0.59% to Rs 838), Tata Motors (down 0.74% to Rs 567.10), and Grasim Industries (up 0.82% to Rs 2229.50), edged higher from Sensex pack
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