In yet another day of high volatility the domestic equity market ended the day deep in the red with the 30-share Sensex of the Bombay Stock Exchange (BSE) losing 676.7 points in intra-day trade from the day?s high before closing at 20,582.08 points down by 287.70 points or 1.38%. Earlier in the day, the Sensex rallied to strike its lifetime high of 21,206.77 points aided by a strong rally in the ICICI stock, which surged by nearly 7% in intra-day trade before closing the day at Rs 1, 356.70, up by Rs 46.25 or 3.53%.
Meanwhile, the broader S&P CNX Nifty of the National Stock Exchange (NSE) too ended the day deep in the red at 6,156.95 points, losing 115.05 points or 1.83%.
Market experts opine that the Indian market will continue to react to global factors till the third quarter results of India Inc starts pouring in. Across the board selling resulted in a weak market breadth with 2,544 stocks in BSE ending the day on a negative note.
The BSE Mid Cap index lost 329.54 points or 3.37% at to close at 9,440.45 points while the BSE Small Cap index lost 511.32 points or 3.82% to close at 12,858.63 points.
Among the Sensex pack, 29 stocks ended in the red while ICICI Bank remained the sole survivor on Thursday. As a result, BSE Bankex closed the day at 12,044.81 points, gaining marginally by 3.76 points or 0.03%, when all other sectoral indices were down in the range of 1% and 4%.
