Sensex, Nifty Tanks, Asian Market Plunges
Suparna / 13 Feb 2014
The 30 share BSE Sensex went down by 255 points to 20193 and the 50 share Nifty index also plunged 82 points to stand at 6001. All the major sectors closed on negative note, Bankex, Capital goods, Oil & Gas were hit the most.
The Indian markets witnessed a bulky selling in today’s closing session. All the sectoral indices closed in the red, among that Bankex, Capital Goods and Metal hammered a lot. The Nifty closed on a crucial supports level down by 82 points at 6001 and Sensex was 255 points lower by 20193.
The advance-decline ratio on NSE was negative as the day ended with 1237 shares in green and 2026 shares in the red zone.
Top Nifty Gainers: DLF gained 2% in today’s trade, followed by TCS, M&M, Sesa Sterlite and Sun Pharma.
Top Nifty Losers: Cipla closed the day lower by 7.86%, followed by Bank Of Baroda, Grasim, IDFC and Jindal Steel.
The sectoral indices closed on negative note. Bankex and Capital Goods was the biggest loser of the day down around 200 points each. Oil & Gas, Metals and Health Care also witnessed a pull down around 160 points each. Mid-Caps and Small Caps saw down trade by 60 points.
On the Asian markets front, the Nikkei market closed in negative territory, down by 265 points. Hang Seng closed on negative note down by 120 points. Strait Times, Shanghai Composite and KOSPI closed on the negative side as well.
Buzzer: Grasim was down more than 4% on the bourses today and closed near the technical level of Rs 2470. If the stock opens below this level, it may touch the Rs 2400 mark in the next few sessions.
Nifty Futures closed below its crucial support level which was at 6000. If it opens below this level may see more pain ahead.
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