Taking cue from weak international markets, the Sensex loses over 1% due to heavy selling in heavyweights, realty and FMCG stocks.
The market failed to capitalise on the 551-point gain on Tuesday, as weak Asian indices and overnight fall on the US bourses weighed on sentiment.
Barring information technology (IT), health care (HC) and automobile sectors, all other sectors witnessed selling.
The benchmark BSE-30 Sensex opened 154 points lower at 14,896 and never recovered from the early slump. While the market moved in a range below 15,000 for the better part of the trading session, the index witnessed a steep fall towards the closing hours and nearly breached the 14,800 mark to touch the day's low of 14,766. The Sensex pared losses on selective gains and ended the session with losses of 151 points at 14,899, while the Nifty declined 56 points to close at 4,448.
The breadth of the market was strong. Of the 2,685 stocks traded on the BSE 1,332 stocks advanced, 1,259 stocks declined and 94 stocks ended unchanged. Among the sectoral indices, the BSE Reality dropped sharply and lost 3.20%, while the BSE FMCG, the BSE Oil & Gas, the BSE Metal and the BSE Power were down over 1% each. The BSE IT was the major gainer and gained 0.46% followed by the BSE HC and the BSE Auto.
Over 1.88 crore shares of Austral Coke changed hands on the BSE followed by Reliance Natural Resources (1.24 crore shares), Resurgere Mines and Minerals India (0.91 crore shares), IFCI (0.71 crore shares) and Dish TV (0.67 crore shares).
European Indices at 16:46 IST on 04-09-2008
Index
Level
Change (pts)
Change (%)
FTSE 100 Index
5528.10
28.40
0.52
CAC 40 Index
4417.18
-29.95
-0.67
DAX Index
6402.91
-64.58
-1.00
Asian Indices at close on 04-09-2008
Index
Level
Change (pts)
Change (%)
Nikkei 225
12557.66
-131.93
-1.04
Hang Seng Index
20389.48
-195.58
-0.95
Kospi Index
1426.43
-0.46
-0.03
Straits Times Index
2626.05
-80.48
-2.97
Jakarta Composite Index
2075.23
-40.76
-1.93
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