The market ended with humble loss after facing a dwindling situation at the initial stage of the trading session as a result of which the trading was suspended for an hour within few minutes of the start. At last the BSE Sensex closed lower by 336.04 points at 18,715.82 and Nifty fell 108.75 points to close at 5559.30. The market got the momentum to cover up most of the looses after the statement by Finance minister that there is no proposal for the banning of participatory notes. Also the SEBI''s chairman also later comment that the Participatory notes are not being banned. Only the IT index ended on a positive note but Metal, bank PSU and reality index declined drastically. The market created a history with a fall of more than 1700 points in a single day. Overall, the market breadth was weak as 1,757 stocks closed lower while 922 stocks closed higher. The BSE Mid Cap and Small Cap closed lower by 181.73 points and 154.55 points at 7,600.94 and 9,201.58 respectively.
BSE Bankex index fell 366.52 points to close at 9,607.61. Pulling it down are BOI (6.38%), Allahabad bank (6.65%), SBI (4.98%), ICICI bank (3.45%), HDFC bank (2.99%) closed lower.
The Reality index slipped by 356.19 points to close at 9,831.12. Drifting it down are Omaxe ltd (7.91%), HDIL (7.65%), Sobha developers (5.63%), Parsvnath (5.83%) and Unitech (3.51%) closed in negative.
BSE Metal index closed lower by 436.87 points at 15,719.80. Pulling it down are JSW steel (6.40%), Jindal stainless (5.37%), Nalco (5.09%), Tata steel (4.19%) and SAIL (1.90%) closed lower.
BSE Capital Goods index fell 289.40 points to close at 16,824.54 as BHEL (4.69%), Punj Lloyd (4.58%), Praj industries (3.86%), BEML (3.51%) and L&T (1.58%) closed in red.
The IT index grew by 47.40 points to close at 4,676.90 as TCS (2.53%), HCL tech (2.18%), Satyam (1.63%), I-Flex (1.46%) and Infosys (1.16%) closed in green.
BSE Bankex index fell 366.52 points to close at 9,607.61. Pulling it down are BOI (6.38%), Allahabad bank (6.65%), SBI (4.98%), ICICI bank (3.45%), HDFC bank (2.99%) closed lower.
The Reality index slipped by 356.19 points to close at 9,831.12. Drifting it down are Omaxe ltd (7.91%), HDIL (7.65%), Sobha developers (5.63%), Parsvnath (5.83%) and Unitech (3.51%) closed in negative.
BSE Metal index closed lower by 436.87 points at 15,719.80. Pulling it down are JSW steel (6.40%), Jindal stainless (5.37%), Nalco (5.09%), Tata steel (4.19%) and SAIL (1.90%) closed lower.
BSE Capital Goods index fell 289.40 points to close at 16,824.54 as BHEL (4.69%), Punj Lloyd (4.58%), Praj industries (3.86%), BEML (3.51%) and L&T (1.58%) closed in red.
The IT index grew by 47.40 points to close at 4,676.90 as TCS (2.53%), HCL tech (2.18%), Satyam (1.63%), I-Flex (1.46%) and Infosys (1.16%) closed in green.
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