Mumbai, October 17
The Sensex today closed below the psychological 10,000-mark amidst a flurry of selling in the closing hours of trade. By close, the benchmark index was down 606 points to close at 9,975 points. In the broader markets, the Nifty closed 194 points down at 3,074, breaching the technical barrier of 3,100.
Today's sharp fall came after the Sensex opened higher on positive international cues. Amidst high volatility, the Sensex rose 205 points to touch 10,786 before going into a free fall.
Among the major losers today included Reliance Infrastructure, which fell 12 per cent to Rs 490. JP Associates, DLF and NTPC were the other major losers in the group.
Among the sectoral indices, the BSE realty index fell 10 per cent while the metal index was down 6.1 per cent. Among the major losers in the realty sphere included Orbit Corp and India Bulls Real Estate, which fell more than 14 per cent each.
Marketmen said signs of uncertainty on the domestic political front, coupled with fears of global recession becoming a reality, took a severe toll on the bourses. They further said that foreign institutional investors continued their selling spree in view of the dim picture in the global financial markets.
FIIs today sold their holdings worth Rs 915 crore, according to provisional data available on the BSE website.
- World markets swung between highs and lows, reacting to the late rally on Wall Street overnight. Japanese benchmark Nikkei gained nearly three per cent even as most Asian bourses slipped into the
red.
