Sensex tanks 350 points; consumer durable stocks down

A benchmark index of Indian equities markets Thursday provisionally closed the day's trade 350 points or 1.33 percent down, as consumer durables, automobile, capital goods, metal and banks stocks plunged.

All sector-based indices of the S&P Bombay Stock Exchange (BSE) ended in red.

The 30-scrip Sensitive Index (Sensex) of the S&P BSE, which opened at 26,260.35 points, ended at 25,999.34 points, down 349.99 points or 1.33 percent from the previous day's close at 26,349.33 points.

The Sensex touched a high of 26,462.08 points and a low of 25,933.98 points in the intra-trade.

Sector-wise the S&P BSE consumer durables index was down 405.05 points, followed by automobile index which was lower by 359.91 points. Capital goods index plunged 294.66 points, metal index fell by 253.38 points, bank index decreased by 223.85 points, oil and gas index declined by 202.55 points and healthcare index slipped 197.92 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also provisionally closed in red. It fell 115.80 points or 1.47 percent at 7,748.20 points.