BSE Sensex plunges to 3-mth low over Rail Budget 2013 blow, NSE Nifty closes under 5,800-mark
The total market capitalisation tanked by Rs 1.07 lakh crore today to end at Rs 661.4 lakh crore, BSE data showed.
Global markets turned out a poor performance with Asian markets ending 1-2 per cent down. European indices were trading with deep losses of of 1.5 per cent each in afternoon.
"Global cues were poor today. This dragged down Indian markets," said Saurabh Mukherjea, Head of Equities, Ambit Capital. Reports said an inconclusive result to parliamentary elections in Italy sparked off fresh fears over EU debt crisis. Asian stocks closed weak between 0.47-2.26 per cent on fears of political gridlock in Italy while European markets like CAC was down by 2.28 per cent, the DAX by 1.84 per cent and the FTSE by 1.23 per cent in afternoon trades.
Back home, major losers from Sensex pack were Hindalco (4.49 pc), Bajaj Auto (4.20 pc), HDFC (3.74 pc), HDFC Bank (3.74 pc), RIL (3.51 pc), M&M (3.35 pc), Tata Motors (3.29 pc), Coal India (3.28 pc), Tata Steel (3.08 pc), ICICI Bank (2.77 pc), BHEL (2.63 pc) and Sun Pharma (2.61 pc).
Maruti Suzuki (2.52 pc), L&T (2.44 pc), Cipla (2.39 pc), Dr Reddy's Lab (2.12 pc), Sterlite Ind (1.76 pc) and HDFC Bank (1.14 pc) also posted losses.
However, TCS rose by 1.56 per cent, followed by Infosys (1.47 pc) and Bharti Airtel (1.38 pc).
Among sectoral indices, the BSE-Oil&Gas fell by 3.07 per cent, followed by BSE-Auto (2.76 pc), BSE-CG (2.44 pc),
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