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Global cues drag Sensex below 14,000

This article was posted on Jul 8, 2009 and is filed under Market News

The Sensex finally ended the day at 13,769, down 401 points, owing to constant selling seen across the board.

The Sensex today opened at 14,039, down 130 points from its previous close due to negative global cues as all the major world markets were in red.

The US stocks were hammered and the Asian markets also opened in the red.

The index tumbled due to intense selling witnessed in the frontliners.

After opening at the day’s high, the index slipped to a low of 13,701. The Sensex traded in the negative zone for the entire day and could not recover till end.

Among the sectoral indices, the Realty index led the fall with a 9% decline to 2,894. The Consumer Goods, Metal, Bankex, Power and Consumer Durables sectors also aided the Sensex fall.

The market breadth remained extremely negative – out of 2,598 shares, 1,979 declined and only 563 advanced.


Tata Steel nose-dived 9% to Rs 362.

Sterlite tumbled over 8% to Rs 546. DLF and Reliance Infrastructure slumped over 7% each to Rs 284 and Rs 1,075, respectively.

Larsen & Toubro and ICICI Bank slipped around 6% each to Rs 1,413 and Rs 655 respectively.

Jaiprakash Associates dropped 5.5% to Rs 194.

BHEL, ONGC, Reliance Communications, HDFC Bank, SBI, Bharti Airtel and TCS were down 2-4% each.


ACC gained 3% at Rs 786. Maruti Suzuki added 2% to Rs 1,103.

Hero Honda and Grasim advanced around 1.5% each to Rs 1,459 and Rs 2,445, respectively.


Reliance topped the value chart with a turnover of Rs 345.28 crore on the BSE. It was followed by Unitech (Rs 252 crore), Tata Steel (Rs 202.68 crore), Educomp Solutions (Rs 188.91 crore) and Reliance Infrastructure (RS 186.92 crore).

Unitech led the value chart with trades of 36.42 million shares on the BSE. It was followed by Cals Refineries (26.12 million), Suzlon (17.99 million), Ispat (12.52 million) and Satyam Computer (12.46 million).

source: Business-Standard

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