Sensex ends down 282 points; SBI, Tata Steel drag

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Sensex ends down 282 points; SBI, Tata Steel drag

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October 08, 2007 17:04 IST
Backed by buoyancy in global markets, the Sensex opened with a positive gap of 129 points at 17,902, and soon rallied to a fresh all-time intra-day high of 17,983 - just 17-odd points shy of the 18,000-mark.

However, resistance at higher levels saw the index pare gains and slip into the negative zone. Aggressive profit-taking saw the Sensex tumble to a low of 17,322 - down 661 points from the peak. Selective buying, thereafter, helped the index recover partially towards the close.

The Sensex finally ended with a loss of 282 points at 17,491.

The BSE Metal, Realty and PSU indices plunged nearly 4 per cent each to 13,590, 9283 and 8025, respectively. The Bankex dropped 2.6 per cent to 8985.

The market breadth was extremely negative -- out of 2,783 stocks traded, 2,264 declined, 473 advanced and 46 were unchanged today.

Index Shakers...

Tata Steel [Get Quote], ACC and Ranbaxy [Get Quote] tumbled around 5 per cent each to Rs 789, Rs 1,115 and Rs 412, respectively.

Reliance Energy [Get Quote], NTPC, Hindalco [Get Quote] and SBI [Get Quote] have plunged around 4.5 per cent each to Rs 1,380, Rs 205, Rs 162 and Rs 1,783, respectively.

Dr.Reddy's slipped 3.7 per cent to Rs 629. Mahindra & Mahindra and Grasim [Get Quote] shed 3.5 per cent each to Rs 725 and Rs 3,420, respectively.

Tata Motors [Get Quote], ONGC [Get Quote] and Reliance dropped 2.7 per cent each to Rs 758, Rs 940 and Rs 2,417, respectively.

Larsen & Toubro and ICICI Bank [Get Quote] declined around 2 per cent each to Rs 3,020 and Rs 1,016, respectively. Ambuja Cements was down 1.5 per cent at Rs 145.

...And The Movers

Satyam [Get Quote] gained 2.5 per cent at Rs 456, and Wipro [Get Quote] rallied nearly 2 per cent to Rs 470.

BHEL surged 1.7 per cent to Rs 2,191.

Value & Volume Toppers

Welspun Gujarat topped the value chart with a turnover of Rs 356 crore followed by Reliance Energy (Rs 339 crore), Reliance (Rs 280 crore), Power Grid (Rs 275 crore) and IFCI (Rs 248 crore).


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