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Sensex ends down 513 points; Tata Steel slumps 12%
BS Reporter in Mumbai
 
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October 22, 2008 16:38 IST

The Sensex opened with a negative gap of 228 points at 10,455 following negative cues from the global markets.

Unabated selling in banking, metal, realty and technology stocks saw the index slip deeper into red as the day progressed.

The Sensex touched a low of 10,128, and finally ended with a loss of 513 points at 10,170.

The NSE Nifty ended at 3,065, down 170 points.

The BSE Metal index slumped almost 8% at 5,619, and the Realty index plunged 7.5% to 2,434. The TECk, Oil & Gas and Bankex dropped around 5.5% each to 2,160, 6,398 and 5,505, respectively.

The market breadth was fairly negative - out of 2,588 stocks traded, 1,733 declined, 778 advanced and the rest were unchanged on Wednesday.

INDEX SHAKERS...

Tata Steel [Get Quote] slumped 12% to Rs 245, and Sterlite plunged 10% to Rs 265.

Reliance Communications [Get Quote] tumbled 8.8% to Rs 236. ICICI Bank [Get Quote], Jaiprakash Associates [Get Quote], Tata Motors [Get Quote] and Bharti Airtel [Get Quote] cracked around 8% each to Rs 396, Rs 73, Rs 228 and Rs 667, respectively.

Mahindra & Mahindra and ACC crumbled over 7% each to Rs 379 and Rs 452, respectively.

SBI [Get Quote] and Reliance Infrastructure shed 6.5% each at Rs 1,392 and Rs 473, respectively.

Reliance, Wipro [Get Quote] and Hindalco [Get Quote] slipped nearly 6% each to Rs 1,316, Rs 279 and Rs 61, respectively.

Larsen & Toubro, NTPC and DLF dropped over 5% each to Rs 815, Rs 144 and Rs 272, respectively.

Tata Power [Get Quote] declined 4.6% to Rs 753. Maruti [Get Quote] and Grasim [Get Quote] were down over 4% each at Rs 649 and Rs 1,160, respectively.

HDFC Bank [Get Quote], HDFC, Infosys [Get Quote] and ONGC [Get Quote] were down around 3.5% each at Rs 1,049, Rs 1,905, Rs 1,300 and Rs 761, respectively.

...AND THE MOVERS

ITC gained 1% at Rs 171. Hindustan Unileverl, up 0.5%, was the only other gainer among the index stocks.

VALUE & VOLUME TOPPERS

Reliance topped the value chart with a turnover of Rs 189.30 crore followed by Reliance Capital [Get Quote] (Rs 169.50 crore), ICICI Bank (Rs 149.85 crore), HDIL (Rs 148.65 crore) and SBI (Rs 135.50 crore).

HDIL led the volume chart with trades of nearly 1 crore shares followed by Chambal Fertilisers (79.50 lakh), IFCI (65.15 lakh), Reliance Petroleum [Get Quote] (61.35 lakh) and Reliance Natural Resources [Get Quote] (59.25 lakh).


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