Blood bath at Dalal Street: Sensex tanks 651 points
Published: 03rd September 2013 04:18 PM
Last Updated: 03rd September 2013 04:18 PM
Indian markets crashed with Sensex plunging over 600 pointson
Tuesdayafter the rupee slipped below 68 raising concern over
possible rating downgrade for the country. This couple with Syria
tensionweighed on the markets.
At the close, the benchmark 30-share index, BSE Sensex declined
651.47 points or 3.45% at 18,234.66 with 28 components posting
drop. Meanwhile, the broad based NSE Nifty fell by 213.75 or 3.85%
at 5,337.00 with 48 components posting drop.Sensex Movers
Reliance Industries contributed fall of 94.87 points in the
Sensex. It was followed by I C I C I Bank (75.76 points), Housing
Development Finance Corporation (68.07 points), H D F C Bank (58.49
points) and Larsen & Toubro (41.34 points).
However, Mahindra & Mahindra contributed rise of 1.52 points
in the Sensex. It was followed by I T C (0 points), Sterlite
Industries (India) (0 points), Oil & Natural Gas Corporation
(0.64 points) and Bharat Heavy Electricals (2.07 points).
Biggest gainers in the 30-share index were Coal India (1.32%),
and Mahindra & Mahindra (0.33%).
On the other hand, Hero Motocorp (6.58%), Reliance Industries
(6.07%), I T C (5.37%), I C I C I Bank (5.21%), Bharti Airtel
(5.17%), and Housing Development Finance Corporation (4.80%) were
the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts declining-1.86% and -0.95% respectively.The major
losers in the BSE Midcap were A I A Engineering (4.72%), A B G
Shipyard (2.8%), Aban Offshore (2.26%), Alstom India (1.59%) and
CORE Education and Technologies (0.67%).The major losers in the BSE
Smallcap were Trident (6.75%), Action Construction Equipment
(3.42%), A2Z Maintenance & Engineering Services (2.67%), Aarti
Industries (0.88%) and Styrolution ABS (India) (0.36%).
Sectors in Limelight
The Bankex index was at 9,871.35, down by 526.61 points or by
5.06%. The major losers were Federal Bank (7.56%), Bank Of India
(6.75%), Canara Bank (5.97%), H D F C Bank (4.07%) and Bank Of
The Consumer Durables index was at 5,451.59, down by 263.31
points or by 4.61%. The major losers were Whirlpool Of India
(4.95%), Gitanjali Gems (4.17%), Bajaj Electricals (3.04%), Rajesh
Exports (2.07%) and Blue Star (0.11%).
The Realty index was at 1,155.75, down by 53.09 points or by
4.39%. The major losers were Indiabulls Real Estate (7.53%), D L F
(6.77%), Parsvnath Developers (4.46%), Anant Raj (3.7%) and Oberoi
Market breadth was negative with 835 advances against 1,502
Value and Volume Toppers
Axis Bank topped the value chart on the BSE with a turnover of
Rs. 814.80 million. It was followed by I C I C I Bank (Rs. 636.32
million), United Spirits (Rs. 633.22 million) and Yes Bank (Rs.
The volume chart was led by Jaiprakash Associates with trades of
over 7.35 million shares. It was followed by Reliance
Communications (4.69 million), Spicejet (3.89 million) and Sesa Goa