Sensex down 103 pts at one-week low, Tata Motors slumps 6%
However, rise in ITC, HUL, TCS and ONGC restricted the sensex fall to some extent. Construction and engineering giant, L&T, gained 1.56 per cent following good Q3 results.
Second-line stocks continued their downward move with BSE Midcap and Smallcap indices finishing sharply lower by 2.51 per cent and 2.44 per cent respectively.
Total market breadth continued to remain negative as 1,674 stocks finished lower while 535 ended higher.
Globally, Asian stocks ended mostly lower following earnings reports of Apple and Hyundai Motor Co.
Key benchmark indices in China, Hong Kong, Taiwan and South Korea fell upto 0.46 per cent, while indices in Japan and Singapore rose by 0.32 per cent to 0.85 per cent.
However, European markets were trading better in the afternoon deals. Key indices from France, Germany and UK were quoting higher up to 0.28 per cent.
Commenting on Indian markets, Kishor P. Ostwal, CMD, CNI Research said: "The most vulnerable sell-off seen in mid cap stocks. More pain is likely tomorrow but some large-caps can see value buying."
20 scrips out of the 30-share Sensex ended lower while others finished higher. Tata Motors was the top loser from the Sensex pack with a fall of 5.91 per cent, followed by Gail India (4.66 pc), Cipla (3.67 pc), Hindalco (3.39 pc), Sterlite Ind (2.53 pc), Maruti Suzuki (2.39 pc), Tata Power (2.32 pc).
Coal India (1.84 pc), Bharti Airtel (1.70 pc), Jindal Steel (1.64 pc), HDFC (1.63 pc), ICICI Bank (1.41 pc), NTPC (1.39 pc), Bajaj Auto (1.21 pc), BHEL (1.00 pc) and RIL
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