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| Monsoon worries, global cues drag Sensex |
| BS Reporter / Mumbai Aug 07, 2009, 16:00 IST |
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 The markets today ended in the red, owing to monsoon worries and negative global cues.
The Sensex today opened 74 points down at 15,441, extending yesterday's losses after Asian markets opened in the red. The index tried to recover but failed to do so. Sustained selling in auto, realty and banking stocks dragged the markets as the day progressed. The index touched an intra-day low of 15,104. The Sensex finally settled at 15,160, down 353 points.
The IPO of state-run hydro power producer NHPC today got subscribed three times on the first day of offer today, which was mainly due to the rush of institutional investors.
Chinese markets dragged the Asian markets down owing to liquidity worries that Chinese banks will cut back on lending. The US market's second day of declines came on the heels of a four-day rally that pushed US indices on Tuesday to close at their highest levels since last fall.
The NSE Nifty closed at 4,481, down 104 points.
The market breadth was fairly negative - out of 2,748 stocks, 1,921 declined, while 745 advanced on the BSE.
INDEX SHAKERS...
Reliance Communications tumbled over 6% to Rs 253. Maruti Suzuki, Mahindra & Mahindra and Jaiprakash Associates plunged 5.5% to Rs 1,284, Rs 832 and Rs 218, respectively.
BHEL declined 4.5% to Rs 2,174.
ICICI Bank, Bharti Airtel and Hindustan Unilever slipped 3.5% each to Rs 736, Rs 835 and Rs 270, respectively.
Sterlite and DLF shed over 3% each to Rs 627 and Rs 368, respectively.
Hindalco and Reliance declined 3% each to Rs 100 and Rs 1,990, respectively.
SBI, Tata Motors, ITC, TCS, Hero Honda, Reliance Infrastructure and HDFC were the other losers.
Among the Nifty stocks, Unitech and Suzlon plunged 6% each to Rs 85 and Rs 86, respectively.
...AND THE MOVERS
NTPC, Tata Steel and Wipro were flat on the BSE counter.
Among the Nifty stocks, BPCL gained over 2% to Rs 519.
VALUE & VOLUME TOPPERS
ICICI Bank led the combined value chart on both the BSE and the NSE with a total turnover of Rs 1,658 crore. It was followed by Reliance (Rs 1,032.7 crore), Tata Steel (Rs 1,012.3 crore), Unitech (Rs 677.03 crore) and DLF (Rs 648.46 crore).
Unitech topped the combined volume chart with trades of 76.76 million shares. It was followed by Ispat Industries (72.7 million), Suzlon (60.27 million), First Source (53.17 million) and Mahindra Satyam (36.94 million).
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