Markets slumped in trades on global cues, as investors worried about the strength of the global economic recovery. Metal stocks dragged markets.
The Sensex opened soft this morning on weak cues from US and Asian peers. Metal index dragged the index further. The index extended losses in noon trades as European markets opened weak.
The Sensex touched a low of 17,455. However, it pared some of its losses and ended at 17,503 - down 198 points.
Nifty dropped 63 points to end at 5,249.
Asian markets fell as Chinese manufacturng growth slowed. Nikkei slumped 2% to 9,192. Shanghai Composite shed 1% to 2,373.
BSE mid and small-cap indices outperformed the broader markets. Mid-cap index slipped 0.4% to 7,117. Small-cap index managed to rebound and ended flat at 9,079.
All the sectoral indices, barring consumer durables, ended in the red. The metal index slumped 1.7% to 14,452. Realty, auto and IT dropped over 1% each.
Stelite shed 3% at Rs 164. Tata Steel dropped 2.2% to Rs 475. Jindal Steel and Hindalco were down over 1% each.
IT stocks were in red. TCS and Wipro slipped 2.5% each to Rs 731 and Rs 375, respectively. Infosys dipped almost 1% at rs 2,767.
Reliance Communications slipped 3% to Rs 192. Banking stocks - ICICI Bank and SBI declined 2% each to Rs 841 and Rs 2,262 respectively.
Auto stocks - Tata MOtors, Maruti Suzuki, Mahindra & Mahindra and Hero Honda - ended down 1-2% each.
Realty shares also declined with DLF slipping 2
5% to Rs 284. ONGC, BHEL, Realiance and ACC were the other big losers.
However, Hindustan Unilever gained 2% at Rs 272.
Reliance Infrastructure bucked trends and added 0.8% to Rs 1,210. Bharti Airtel and NTPC were up marginally.
BSE market breadth was marginally negative. Out of 2979 stocks traded, 1,449 declined while 1,399 advanced.
Value Toppers. . .
HPCL topped the vlaue chart with a turnover of Rs 243.49 cr, followed by IFCI (Rs 95.29 cr), BPCL (Rs 94.03 cr), Reliance Infrastructure (Rs 93.54 cr) and Aban Offshore (Rs 88.48 cr).
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