The market tumbles to close the session on a red note on the back of heavy selling pressure across the sectoral indices scrips. The reports by the media which states the government is considering raising of securities transaction tax also added to the negative sentiments in the market. Finally, the BSE Sensex closed with a heavy loss of 678.18 points at 18,602.62 and Nifty fell by 219.85 points to close at 5561.05. Almost all the sectoral indices closed in red but heavy selling is seen in capital goods, metals, bankex and realty indices. Overall, the market breadth was weak as 2,191 stocks are closed lower while 640 are closed higher. Both the BSE Mid cap closed lower by 408.03 points and 425.93 points at 8,217.84 and 10,265.23 respectively.
BSE Capital Goods index fell drastically by 1,046.64 points to close at 19,302.78. Scrips that fell are Alstom projects (10.08%), BHEL (6.33%), L&T (5.25%), ABB (3.88%) and Siemens (2.98%).
BSE Metal index declined by 1057.10 points to close at 16,253.59. Pulling it down are Ispat (9.29%), Jindal Steel (8.29%), Sterlite (7.65%), Hind zinc (7.71%), SAIL (6.89%) closed lower.
BSE bankex index declined by 536.82 points to close at 10,227.71. Pulling it down are IOB (7.44%), Canara bank (6.60%), PNB (6.22%), Axis bank (5.73%) and ICICI bank (5.50%) closed in red.
BSE oil & gas index dropped by 405.59 points to close at 11,730.99 as RNRL (9.84%), IOCL (8.92%), HPCL (8.67%), BPCL (4.60%), GAIL (5.09%) and ONGC (2.37%) closed in red.
BSE Power index fell by 266.51 points to close at 4,246.51 as GMR infrastr (9.41%), NTPC 8.03%, Power grid (7.70%), Suzlon energy (6.66%), reliance energy (5.65%) and Tata Power (4.93%) closed in negative.
BSE IT index closed lower by 66.98 points at 3,987.66 as NIIT (7.88%), Aptech (7.41%) Wipro (2.70%), Satyam (1.56%), TCS (1.25%) and Infosys (1.04%) closed lower.
BSE Capital Goods index fell drastically by 1,046.64 points to close at 19,302.78. Scrips that fell are Alstom projects (10.08%), BHEL (6.33%), L&T (5.25%), ABB (3.88%) and Siemens (2.98%).
BSE Metal index declined by 1057.10 points to close at 16,253.59. Pulling it down are Ispat (9.29%), Jindal Steel (8.29%), Sterlite (7.65%), Hind zinc (7.71%), SAIL (6.89%) closed lower.
BSE bankex index declined by 536.82 points to close at 10,227.71. Pulling it down are IOB (7.44%), Canara bank (6.60%), PNB (6.22%), Axis bank (5.73%) and ICICI bank (5.50%) closed in red.
BSE oil & gas index dropped by 405.59 points to close at 11,730.99 as RNRL (9.84%), IOCL (8.92%), HPCL (8.67%), BPCL (4.60%), GAIL (5.09%) and ONGC (2.37%) closed in red.
BSE Power index fell by 266.51 points to close at 4,246.51 as GMR infrastr (9.41%), NTPC 8.03%, Power grid (7.70%), Suzlon energy (6.66%), reliance energy (5.65%) and Tata Power (4.93%) closed in negative.
BSE IT index closed lower by 66.98 points at 3,987.66 as NIIT (7.88%), Aptech (7.41%) Wipro (2.70%), Satyam (1.56%), TCS (1.25%) and Infosys (1.04%) closed lower.
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