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Sensex ends down 643pts

Thursday, August 16, 2007

The Sensex opened with a huge negative gap of 416 points at 14,585 on the back of a sell-off in the global markets triggered by the subprime crisis in the US.

The Sensex, after languishing over 500pts lower for most of the trading sesion, slipped again towards the close to a low of 14,345. The index finally ended with a hefty loss of 643 points at 14,358 - the second biggest loss in absolute terms in history.

The BSE Metal index slumped 6.5% to 10,300. The Bankex and Realty index plunged 5.5% each to 7421 and 6980, respectively. The Oil & Gas index hsed 4.5% at 7505. The Auto and FMCG indices dropped over 3% each to 4662 and 1855, respectively.

Declining stocks beat advancing shares by a margin of over 2:1 - Out of 2,751 stocks traded, 1,869 declined, 842 advanced and 40 were unchanged today.

ALL FALL DOWN

All the 30 index stocks ended in negative territory today.

Tata Steel crashed over 10% to Rs 575. Bharti Airtel slumped nearly 7% to Rs 801.

SBI, Hindalco and Reliance Communications plunged over 5.5% each to Rs 1,522, Rs 145 and Rs 495, respectively.

ICICI Bank, Reliance and BHEL tumbled 5% each to Rs 832, Rs 1,739 and Rs 1,603, respectively.

Reliance Energy and HDFC Bank dropped around 4.8% each to Rs 718 and Rs 1,094, respectively.

Larsen & Toubro, ONGC, ITC, Tata Motors and Cipla slipped over 4% each to Rs 2,319, Rs 819, Rs 158, Rs 663 and Rs 183, respectively.

Maruti and TCS shed 3.7% each to Rs 791 and Rs 1,088, respectively. Ranbaxy was down 3.4% at Rs 361.

Bajaj Auto, Grasim, HDFC, Mahindra & Mahindra and NTPC declined around 3% each to Rs 2,310, Rs 2,793, Rs 1,885, Rs 658 and Rs 168, respectively.

VALUE & VOLUME TOPPERS

Debutant IVR Prime led the value chart with a turnover of Rs 329 crore followed by Reliance (Rs 202 crore), Tata Steel (Rs 154 crore), DLF (Rs 150.30 crore) and Reliance Capital (Rs 116.70 crore).

Nagarjuna Fertilisers topped the volume chart with trades of around 3.10 crore shares followed by IKF Technologies (1.44 crore), IFCI (1.43 crore), Bellary Steel (1.28 crore) and Reliance Natural (Rs 1.28 crore).

Posted by FR at 5:46 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.