Weak global cues and profit-booking after the recent rally pulled the benchmark index sharply lower today. The Sensex ended at 13,736, down 324 points, led by an 8.5 per cent decline in L&T.
It was another profit booking day for the Indian equities as huge sell-off was seen in the capital goods, financials and technology stocks. Negative global cues also weighed on our markets. Huge unwinding of positions was seen in today's trade. The broader indices also slipped from day's high on the back of profit booking.
Among the frontliners, L&T, SBI, ICICI Bank, BHEL, SAIL, HDFC, Wipro, TCS, Maruti and DLF plunged 3-9%. Reliance Industries and Infosys Technologies fell over 1.7% each. The sell-off in these stocks pushed the Nifty below the 4200 level during the day and forced the Sensex to close below the 14,000 mark. But the Nifty did not see much pressure compared to the Sensex, as ONGC has more weightage, which shot up 8.41% post the chairman's comments.
It was another profit booking day for the Indian equities as huge sell-off was seen in the capital goods, financials and technology stocks. Negative global cues also weighed on our markets. Huge unwinding of positions was seen in today's trade. The broader indices also slipped from day's high on the back of profit booking.
Among the frontliners, L&T, SBI, ICICI Bank, BHEL, SAIL, HDFC, Wipro, TCS, Maruti and DLF plunged 3-9%. Reliance Industries and Infosys Technologies fell over 1.7% each. The sell-off in these stocks pushed the Nifty below the 4200 level during the day and forced the Sensex to close below the 14,000 mark. But the Nifty did not see much pressure compared to the Sensex, as ONGC has more weightage, which shot up 8.41% post the chairman's comments.
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