Sensex recovers but major stocks end in red

Mumbai: It was an extremely weak session for the markets as they continued the downtrend that started on Tuesday. At one point of time Sensex was staring at a loss of over 650 points and Nifty was down over 200 points. But by the end of the day showed some recovery.

Sensex recovered over 350 points from the day's low. Recovery was led by ICICI Bank, Bharti, ABB, SAIL and ITC.

CNX Midcap has recovered over one per cent from the day's low. The cues from Asia were bad with Hang Seng down over five per cent and Europe is trading extremely weak each CAC, DAX and FTSE down over one per cent.

All the BSE indices closed in red led by metal, power, realty stocks. BSE realty, power and metal indices were down over three per cent followed by oil & gas and capital goods index.

Sterlite Ind was down nine per cent, Reliance Communication down six per cent HDFC Bank down six per cent, Unitech is down six per cent, DLF down five per cent and Tata Steel and Reliance Energy down over four per cent.

Sensex was down 382.98 points or 1.89 per cent at 19868.11, and the Nifty down 138.50 points or 2.28 per cent at 5935.75.

About 685 shares have advanced, 2271 shares declined, and 22 shares are unchanged.

The BSE Midcap Index ended at 9,267.20 down two per cent.

The BSE Smallcap Index ended at 12,522.21 down two per cent.

The BSE Bankex ended down one per cent at 12,163.85. Andhra Bank, Kotak Mahindra, Allahabad Bank, Centurion Bank, IOB, Bank of Baroda, Federal moved downwards.

The BSE Capital Goods Index closed down 2.5 per cent at 18,673.80. BEML, BHEL, Triveni Engg, AIA Engineering, Areva T&D closed lower.

The BSE Auto Index closed at 5,271.09 down 1.2 per cent. Hind Motors, Punj Tractors, Apollo Tyres, TVS Motor, Ashok Leyland, Maruti closed lower.

The BSE Metal Index closed at 18,020.25 down three per cent. Sterlite Ind, JSW Steel, NALCO, Tata Steel, Hindalco, Mah Seamless closed lower.

The BSE FMCG Index closed down two per cent at 2,305.98. ITC, Bata India, Godrej Consumer, Britannia, Colgate, United Spirits closed lower.

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BSE Oil and Gas Index closed at 13,650.13 down 1.5 per cent. Reliance Natura, HPCL, Essar OIl, ONGC, Reliance ended in red

BSE power index closed at 4,462.33 down 3.6 per cent. Torrent Power, NTPC, Reliance Energy, Tata Power, Power Grid Corp, Crompton Greave ended in red.

BSE realty index closed at 12,825.31 down four per cent. Omaxe, Unitech, Indiabulls Real, DLF, Peninsula Land, Puravankara Pro ended in red.

The BSE IT Index was down one per cent at 3,882.88. Patni Computer, HCL Tech, Satyam, Tech Mahindra, Wipro closed lower.

The NSE cash turnover was at Rs 21407.24 crore and the NSE F&O turnover was at Rs 80606.24 crore. The BSE cash turnover was Rs 7869.47 crore. Total market wide turnover was at Rs 109882.95 crore.