Sensex down 287 points, Nifty slips below 6,200-point mark

Thursday, November 11, 2010

MUMBAI - Benchmark indices of Indian equities markets plunged Thursday on last-hour sell-off in oil and gas, realty and capital goods stocks.

The benchmark index of the Bombay Stock Exchange (BSE) tumbled 1.37 percent or 286.62 points to 20,589.09 points.

The BSE 30-share benchmark index opened on a positive note at 20,930.45 points. However the index fell sharply in the afternoon trading. The Sensex touched a high of 20,937.38 points and low of 20,544.22 points in the intra-day trade.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty fell below the psychologically important 6,200 points mark. The index settled 1.30 percent or 81.45 points down at 6,194.25 points.

Most sectoral indices also closed in the red on last-hour sell-off. The BSE Realty index tumbled 3.15 percent to 3,673.56 points and the BSE Oil and Gas index fell 1.84 percent to 10,900 points.

The BSE midcap index ended 1.12 percent down at 8,632.26 points and the BSE smallcap index closed 0.47 percent down at 11,191.53 points.

DLF plunged 4.41 percent to Rs.346.45 a day after the company announced a 4.5 percent decline in its second-quarter profit.

Bharti Airtel fell sharply for the second day after its second quarter earnings missed forecasts. The scrip tumbled 3.26 percent to Rs.317.45. The company has reported 27 percent decline in its second quarter profit.

Filed under: Economy

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