Equities End Lower as Oil hit new high.

Equities gave away most of overnight gains on Thursday to end lower as investors resorted to profit booking after oil touched new peaks. Realty metals and banks were the worst performers.

Bombay Stock Exchange’s Sensex closed at 13,056.74, down 607.88 points or 4.45 per cent. The index touched a high of 13,530.68, and low of 12,934.92.

National Stock Exchange’s Nifty ended at 3,920.45, down 172.90 points or 4.22 per cent. It touched a high of 4,097.35 and low of 3,874.85.

BSE Midcap Index closed 3.09 per cent lower at 5,146.93 while BSE Smallcap Index declined 2.56 per cent to close at 6,340.49.

Tata Steel (-11.6%), DLF (-9.61%), Reliance Infrastructure (-9.56%), ICICI Bank (-9.07%), Reliance Communications (-7.36%), HDFC (-6.04%) and ACC (-5.99%) were under severe pressure.

State Bank of India (1.09%) and ONGC (0.06) were the only gainers in the 30-share index.

Market breadth on BSE showed 1852 declines against 769 advances.

US crude rose to a high of $145.43 per barrel Thursday as tension between Israel and Iran kept traders nervous.

(All figures are provisional)
Source - ET