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Rediff.com  » Business » Sensex ends below 15,000, ICICI drops 14%

Sensex ends below 15,000, ICICI drops 14%

March 17, 2008 17:12 IST
The Sensex opened with a huge negative gap of 433 points at 15,327 on weak cues from the overseas markets. Unabated selling saw the index slip below the 15,000-mark in early trades, and dropped below that level again in noon deals.

The Sensex hit a low of 14,738, and finally ended with a hefty loss of 951 points (6%) at 14,809 - its second biggest single-day fall. The index is down a whopping 5,478 points (27%) so far this year.
 
BIG BAD DAY'S
Date

Close

Prv Cls

Chg

% Chg

21-Jan-08 17605.40 19013.70 -1408.35 -7.41
17-Mar-08 14809.50 15760.52 -951.03 -6.03
03-Mar-08 16677.90 17578.72 -900.84 -5.12
22-Jan-08 16729.94 17605.40 -875.41 -4.97
11-Feb-08 16630.90 17464.90 -833.98 -4.78
18-May-06 11391.43 12217.81 -826.38 -6.76


The Mid-cap and Small-cap indices shed 7% each at 6,124 (459 points) and 7,522 (557 points), respectively.

The BSE Bankex dropped 9% (754 points) to 7,569. The Realty index slumped nearly 8% (606 points) to 7,106, and the Metal index declined 7.5% (1,119 points) to 13,725.

The market breadth was extremely negative - out of 2,716 stocks traded, 2,404 declined, 282 advanced and 30 were unchanged on Monday.

The NSE Nifty dropped 243 points (5.1%) to end at 4,503.

The Asian markets, too, had a bad day following negative cues from the US markets. While the Hang Seng plunged 1,153 points (5.2%) to 21,085. Nikkei slumped 454 points (3.7%) to 11,788. The Shanghai Composite index dropped 143 points (3.6%) to 3,820.

Slide show

ICICI Bank crashed nearly 14% (Rs 121) to Rs 757. HDFC slumped 11% (Rs 277) to Rs 2,226. While HDFC Bank slipped nearly 6% to Rs 1,239, SBI declined 4.7% to Rs 1,633.

Jaiprakash Associates tumbled 12% (Rs 28) to Rs 208. DLF plunged nearly 8% to Rs 603, and Larsen & Toubro dropped 7% to Rs 2,704.

Hindalco slumped over 9% (Rs 17) to Rs 165. Tata Steel shed 8% at Rs 659.

Reliance Energy tumbled over 8% to Rs 1,191. Reliance Communications slipped nearly 7% to Rs 483.

Reliance declined over 6% to Rs 2,181. Infosys was down 2.5% at Rs 1,336.

Grasim dropped 6.5% at Rs 2,671. Ranbaxy slipped 5.6% to Rs 438. Tata Motors and BHEL dropped around 4.5% each to Rs 606 and Rs 1,796, respectively. 

Major Gainers

Major Losers

Name

Close

% Chg

Name

Close

% Chg

AMD Industries 29.65 13.0 Gandhi Special 81.55 -55.0
Rane Madras 66.80 11.3 Orchid Chemicals 127.05 -39.1
Goldcrest Finance 25.90 10.0 Brels Infotech 1.30 20.7
Pressure Sensitive 3.53 10.0 Prithvi Information 139.65 20.0
Elpro International 679.00 10.0 Indus Fila 146.55 20.0
(Close = Stock pirce at the end of day in Rs)

Most active counters

Reliance topped the value chart with a turnover of Rs 274 crore followed by GSS America (Rs 237 crore), Reliance Natural Resources (Rs 232.50 crore), Reliance Petroleum (Rs 215.50 crore) and Orchid Chemicals (Rs 207 crore).

Reliance Natural Resources led the volume chart with trades of around 2.27 crore shares followed by Orchid Chemicals (1.55 crore), Reliance Petroleum (1.37 crore), V Guard (1.30 crore) and Ispat Industries (1.11 crore).