Indian markets crashed towards the closeon Tuesdayafter the
rupee slipped below 68 raising concern over possible rating
downgrade for the country. This couple with Syria tension also
weighed on the markets.
At 3.08 pm, the Sensex was trading down 649.91 points or 3.44%
at 18,236.22 with 28 components falling. Meanwhile, the Nifty was
trading lower by 165.50 points or 2.98% at 5,385.25 with 48
Reliance Industries contributed fall of
90.28 points in the Sensex. It was followed by I C I C I Bank
(77.17 points), Housing Development Finance Corporation (63.83
points), H D F C Bank (51.65 points) and Larsen & Toubro (40.46
However, Mahindra & Mahindra contributed rise of 1.64 points
in the Sensex. It was followed by Sterlite Industries (India) (0
points), I T C (0 points), Wipro (0.79 points) and Oil &
Natural Gas Corporation (0.96 points).
Biggest gainers in the 30-share index were Coal India (1.63%),
and Mahindra & Mahindra (0.35%).
On the other hand, Hero Motocorp (6.79%), I T C (6.37%),
Reliance Industries (5.78%), I C I C I Bank (5.30%), Bharti Airtel
(5.02%), and Housing Development Finance Corporation (4.50%) were
the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts declining-1.55% and -0.83% respectively.The major
losers in the BSE Midcap were A I A Engineering (6.63%), Allahabad
Bank (3.73%), Aban Offshore (2.42%), A B G Shipyard (2.16%) and
Alstom India (1.51%).The major losers in the BSE Smallcap were
Trident (5.24%), Action Construction Equipment (2.32%), Aarti
Industries (1.46%), Styrolution ABS (India) (1.21%) and A2Z
Maintenance & Engineering Services (1.11%).
Sectors in Limelight
The Bankex index was at 9,897.38, down by 500.58 points or by
4.81%. The major losers were Federal Bank (8.26%), Bank Of India
(6.57%), Canara Bank (5.66%), H D F C Bank (3.59%) and Bank Of
The Consumer Durables index was at 5,482.51, down by 232.39
points or by 4.07%. The major losers were Gitanjali Gems (3.43%),
Bajaj Electricals (2.12%), Whirlpool Of India (1.11%), Rajesh
Exports (0.44%) and Blue Star (0.04%).
The Realty index was at 1,164.07, down by 44.77 points or by
3.7%. The major losers were D L F (6.59%), Indiabulls Real Estate
(6.29%), Anant Raj (4.6%), Parsvnath Developers (4.1%) and Oberoi
On the other hand, the IPO index was at 1,142.25, up by 5.47
points or by 0.48%. The major gainers were Birla Pacific Medspa
(3.03%), Dr Datsons Labs (1.94%), Bharti Infratel (1.07%),
Flexituff International (0.18%) and Future Ventures India
Market breadth was negative with 792 advances against 1,434
Value and Volume Toppers
Axis Bank topped the value chart on the BSE with a turnover of
Rs. 720.98 million. It was followed by United Spirits (Rs. 557.60
million), Sesa Goa (Rs. 549.90 million) and Reliance Communications
(Rs. 548.98 million).
The volume chart was led by Jaiprakash Associates with trades of
over 6.87 million shares. It was followed by Reliance
Communications (4.34 million), Spicejet (3.63 million) and Unitech