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| Financial, real estate stocks pull down Sensex | |
| Bs Reporter / Mumbai August 21, 2008, 16:11 IST | |
After opening 31 points lower at 14,647, the Sensex drifted lower as the day progressed. Financial and realty stocks bore the brunt of the selling today. The index tumbled to a low of 14,202 at the fag end of the day.
The Sensex finally ended with a significant loss of 434 points at 14,244.
The BSE Bankex and the realy index plunged over 5% each to 6,578 (down 358 points) and 4,945 (down 263 points), respectively.
The market breadth was fairly negative with nearly five declining stocks for every two advancing shares - out of 2,713 stocks traded, 1,915 declined and 733 advanced today.
INDEX SHAKERS...
SBI slumped over 7% to Rs 1,342. HDFC Bank tumbled nearly 6% to Rs 1,166, and ICICI Bank plunged over 5% to Rs 643. HDFC shed 4.4% at Rs 2,210.
Among non-index financial stocks - Kotak Bank shed 4.5% to Rs 550. Indian Overseas Bank, Punjab National Bank, IDBI Bank, Yes Bank, Axis Bank, IndusInd Bank, Federal Bank, Oriental Bank of Commerce, Bank of India and Allahabad Bank were down 3-4% each.
NTPC slumped 5.7% to Rs 174. DLF and Reliance Infrastructure plunged 5.5% each to Rs 482 and Rs 955, respectively. Jaiprakash Associates cracked 4.8% to Rs 163.
Reliance Communications tumbled 4% to Rs 398. BHEL shed 3.7% at Rs 1,670.
Hindalco, Larsen & Toubro, Grasim and ACC slipped over 3% each to Rs 129, Rs 2,628, Rs 1,965 and Rs 549, respectively.
Wipro, Hindustan Unilever, TCS, Tata Steel and ONGC were the other major losers today.
...AND THE LONE MOVER
Ranbaxy up 1.5% at Rs 513 was the sole gainer among the index stocks.
MOST ACTIVE COUNTERS
Reliance Capital topped the value chart with a turnover of Rs 226.50 crore followed by Vishal Info (Rs 201.40 crore), Reliance (Rs 172.60 crore), Reliance Natural Resources (Rs 146 crore) and SBI (Rs 126 crore).
Reliance Natural Resources led the volume chart with trades of around 1.52 crore shares followed by Sicagen India (1.45 crore), Chambal Fertilisers (1.32 crore), Dish TV (1.03 crore) and Ispat Industries (78.60 lakh).
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