New Delhi: The BSE Sensex thwarted all expectations of analysts, brokers and investors, as it fell below 14,800 points on Monday. It came as a shock to the investors who had expected the markets to move up after the last session’s trade.
The stock markets have turned extremely volatile over the past few-weeks. The uncertainty creeped in particularly after the BSE benchmark index hit 15,000 level last month and then fell 500 points within a week.
On Monday, all the mid cap stocks were trading in red. At 11:55 hours IST, Sensex was down 292 points, trading at 14,800 while Nifty dropped 120.85 points at 4,267.15.
Market observers said meltdown on the global markets mainly triggered major sell-off on the domestic bourses, dragging the Sensex down sharply. Most heavy-weight stocks on the indices were in the red with sizeable losses.
Top losers on the Sensex are Hindalco at Rs 155.90 down 4%, ICICI Bank at Rs 887.20 down 3.07% and Reliance Energy at Rs 731 down 2.97%. Top gainers on the Nifty are BPCL at Rs 314.95 up 2.24%, HPCL at Rs 251.90 up 1.53% and Ranbaxy Labs at Rs 371 up 1.35%.
Top losers on the Nifty are Suzlon Energy at Rs 1,185 down 4.67%, Hindalco at Rs 156.20 down 3.94% and Sterlite Inds at Rs 607 down 3.79%.
BSE Realty index was down 276.16 points at 7342.21. Indiabulls Real Estate at 508.70 down 5.43%, Akruti Nirman at 529.50 down 3.93% and Unitech at 517.50 down 3.61% were the top losers in this space.
BSE capital good index was down 311.44 points at 12664.84 and the top losers in the space were Suzlon, Kirloskar Brothers and Triveni Engineering.
Most active shares on BSE are Orbit Corporation at Rs 374.45 with 1,013,951 shares, Reliance at Rs 1,766 with 200,777 shares and IFCI at Rs 59.40 with 5,412,552 shares.
Market cues:
- FIIs net sell USD 104.4 mn in equity on Aug 2
- MFs net sell Rs 6.9 crore (Rs 69 million) on Aug 2
- NSE F&O Open Interest up by Rs 1,158.32 crore (Rs 11.58 billion) at Rs 80,159 crore (Rs 801.59 billion)
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