Market plummets 516 pts; ICICI Bank plunges 9%.

The 30-share index fell further deep into the negative terrain, touching a low of 14,259.02 as huge sell off is seen across board. Sustained selling pressure is being witnessed in banking, realty, oil and auto stocks.

BSE Midcap and Smallcap index declined 0.65% and 0.59 % respectively.

Sensex is trading down 516.67 points, or 3.50%, at 14,260.34; while the broad-based NSE Nifty fell 115.3 points, or 2.60% at 4318.25. (1.05 p.m.)


Overall market breadth was weak. Out of the total 2,475 shares traded at BSE, 917 advanced, 1479 declined while 79 remained unchanged.

All sectoral Indices are trading in negative led by Bankex (6.15 %), Oil & Gas (5.11%). Realty (3.59%). Rest all other stocks traded down marginally. However Health Care rose.

Gainers at the BSE Sensex were Ranbaxy, which rose 2.96%, HUL and Satyam moved up by 1% each. RComm, Bharti Airtel, ACC and NTPC also rose.

Laggards at the BSE Sensex include ICICI Bank, which plummeted 9% followed by HDFC and HDFC Bank, which plunged over 7% each. RIL, Reliance Infra, DLF, JP Associates, SBI, L&T, Tata Motors, Ambuja Cement and TCS also declined.

Source: - Iris.

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