Indian equities witnessed one of the worst trading sessions Monday as
broad based selling by foreign funds saw indices falling over 5 per
cent. Realty, metals and capital goods bore the brunt of bear
onslaught.

Bombay Stock Exchange’s Sensex closed at 11,847.06, down 5.42 per cent
or 679.26 points. It touched an intra-day low of 11,732.97.

National Stock Exchange’s Nifty ended at 3,623.25, down 195.05 points
or 5.11 per cent. The 50-share index touched a low of 3581.60

BSE Midcap Index declined 7.02 per cent at 4349.30 and BSE Smallcap
Index fell 6.73 per cent to 5097.78.

Sterlite Industries, down 15.4 per cent, took the sharpest knock
followed by Reliance Infrastructure (14.31%), Jaiprakash Associates
(13.65%), Tata Power (10.4%), Tata Steel (10.23%) and DLF (10.21%).

Hindalco (0.61%) was the lone gainer on the index.

Market breadth was weak on the BSE with 2358 losers and 292 gainers.

European markets too were witnessing the sell-off led by banks and
commodities stocks. FTSE 100 was down 3.30 per cent, CAC 40 fell 5.98
per cent and DAX declined 5.44 per cent.

Ravichandran K.
www.kences1.blogspot.com
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