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| Sensex sheds another 296pts, Sun Pharma gains 2% |
| BS Reporter / Mumbai Jan 12, 2009, 16:08 IST |
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 The Sensex opened 90 points at lower 9,316. The index could hardly manage to touch a high of 9,331, before slipping to lower levels. Unabated selling in metal and realty stocks dragged the index to a low of 9,024 - down 382 points from the previous close.
The Sensex finally ended with a loss of 296 points at 9,110. In the process, the index has shed nearly 12% (1,226 points) at 9,110.
While select stocks were in demand, including Satyam, overall the market mood was bearish for the third straight trading day.
The market breadth was fairly negative - out of 2,522 stocks traded, 1,613 declined, 824 advanced and 85 were unchanged today.
INDEX SHAKERS...
Wipro slumped over 9% to Rs 227 after the companny announced that it too was not eligible for World Bank contracts untill June 2011.
Reliance Infrastructure plunged 7% to Rs 480. Tata Steel shed 6.6% at Rs 200.
Ranbaxy and DLF dropped 5.5% each to Rs 207 and Rs 206, respectively.
BHEL, SBI and Sterlite tumbled around 5% each to Rs 1,344, Rs 1,157 and Rs 260, respectively.
Hindalco, Reliance and TCS slipped around 4.5% each to Rs 50, Rs 1,099 and Rs 512, respectively.
NTPC declined 4% to Rs 171. ICICI Bank, Reliance Communications, Larsen & Toubro and Infosys were the other major losers.
...AND THE MOVERS
New entrant Sun Pharma today gained 2% at Rs 1,123. Jaiprakash Associates added 1% to Rs 69.
VALUE & VOLUME TOPPERS
Reliance topped the value chart with a turnover of Rs 238.50 crore followed by SBI (Rs 211.50 crore), Satyam (Rs 191 crore), Reliance Capital (Rs 173.70 crore) and DLF (Rs 163 crore).
Satyam led the volume chart with trades of around 5.30 crore shares followed by Reliance Natural Resources (1.85 crore), Unitech (1.74 crore), Suzlon (1.40 crore) and DLF (78.70 lakh).
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