Sensex ends down 194 points, Maruti drops 8%

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Sensex ends down 194 points, Maruti drops 8%

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October 30, 2007 16:40 IST
After opening with a positive gap of 125 points at 20,103, the Sensex touched an all-time intra-day high of 20,238 before slipping into negative zone in early trades. The index, thereafter, exhibited significant volatility and rebounded into positive zone after the Reserve Bank of India, in its second quarterly review of credit policy, left key rates untouched but hiked the cash reserve ratio by 50 basis points to 7.5%.

A fresh round of selling in late noon trades saw the index tumble to a low of 19,695 -- down 543 points from the peak. The Sensex finally ended with a loss of 194 points at 19,784. The NSE Nifty ended at 5,869, down 37 points.

The BSE Auto index tumbled over 3% to 5480, and the Oil & Gas index slipped over 1% to 11,526. The BSE Bankex also slipped 1% to 10,550. The Realty index, however, surged 2.4% to 10,517.

The market breadth was fairly negative -- out of 2,822 stocks traded 1,666 declined, 1,087 advanced and 69 were unchanged on Tuesday.

INDEX SHAKERS...

Maruti [Get Quote] slumped 8.5% to Rs 1,088. Mahindra & Mahindra plunged 7% to Rs 741, and Tata Motors [Get Quote] declined 5% to Rs 767.

SBI [Get Quote] declined 2.6% to Rs 2,062. ICICI Bank [Get Quote] was down nearly 1% at Rs 1,240, and HDFC Bank [Get Quote] was also down 1% at Rs 1,618.

HDFC, Reliance, Grasim [Get Quote], Ranbaxy [Get Quote] and TCS [Get Quote] tumbled 2% each to Rs 2,756, Rs 2,771, Rs 3,730, Rs 415 and Rs 1,049, respectively.

Cipla shed 1.7% at Rs 181. ONGC [Get Quote] and ITC dropped 1.5% each to Rs 1,220 and Rs 180, respectively.

ACC and Reliance Communications [Get Quote] were down over 1% each to Rs 1,068 and Rs 767, respectively.

...AND THE MOVERS

Reliance Energy [Get Quote] surged nearly 4% to Rs 1,789.

BHEL moved up 1.6% to Rs 2,655, and Larsen & Toubro added 1% to Rs 4,323.

MIXED CLOSE FOR AUTO, BANK STOCKS

Punjab Tractors [Get Quote] dropped 3.7% to Rs 210, and Hero Honda slipped 2.6% to Rs 725. TVS [Get Quote] Motors and Ashok Leyland [Get Quote], however, moved up nearly 2% each to Rs 58 and Rs 41, respectively.

BoI zoomed 18% to Rs 373. Union Bank gained 8% to Rs 174. BoB, Yes Bank [Get Quote] and Karnataka Bank [Get Quote] also finished with gains. PNB was down 5% at Rs 511. Kotak Bank, OBC and Andhra Bank [Get Quote] also declined.

VALUE & VOLUME TOPPERS

Reliance Capital [Get Quote] topped the value chart with a turnover of Rs 828 crore followed by Reliance Petroleum [Get Quote] (Rs 755.60 crore), Reliance Natural Resources [Get Quote] (Rs 459.80 crore), Reliance Energy (Rs 419.80 crore) and Larsen & Toubro (Rs 328.55 crore).


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