New Delhi: Tracking the weak global trends, the markets opened on pessimistic note on Wednesday and could not recover.
Higher inflation rate and high crude prices were also not conducive and consequently it traded extremely weak with a cut of around 200 points throughout the day and shut shop in deep red on the back of heavy selling pressure during the late trade.
IT, auto and banking stocks were the worst hit sectors during today's trade, however almost all the key indices were in red for most of the time today and the market breadth also remained negative through the day.
Sensex ended down 239.98 points or 1.83 per cent at 12884.34, and the Nifty was down 58.85 points or 1.54 per cent at 3761.1. About 621 shares have advanced, 1915 shares declined, and 62 shares are unchanged.
BSE Midcap closed down 80.14 points or 1.49 per cent at 5,296.58 and BSE Smallcap ended down 113.29 or 1.76 per cent at 6,312.45.
BSE Auto index shut shop down 130.17 points or 2.63 per cent at 4,819.86. Ashok Leyland, Tata Motors, Amtek Auto, Escorts and M&M were top losers.
BSE Bankex ended down 151.97 points or 2.27 per cent at 6,535.25. UTI Bank, SBI, PNB, Canara Bank and Allahabad Bank declined most.
BSE Cap goods index declined 146.86 points or 1.62 per cent at 8,891.63. Sterlite Ind, JindalStainless, Hindalco, Welspun Guj and Hind Zinc were top losers.
BSE FMCG index plunged 3.23 points or 0.19 per cent at 1,677.24. United Spirits, Shaw Wallace, Britannia, P&G and Tata Tea declined most.
BSE Pharma index closed down 11.39 or 0.32 per cent at 3,546.29. Glenmark, Lupin, Sterling Bio, Biocon and Aventis Pharma were the hardest hit stocks today.
BSE IT index declined most, 177.57 or 3.54 per cent at 4,831.85. Patni Computer, TCS, Wipro, HCL Tech and HCL Info were the major losers.
BSE Oil &Gas index was down 48.48 points or 0.76 per cent at 6,364.12. HPCL, IOC, Reliance Natural, BPCL and GAIL were the top losers.
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