Sensex falls 110 points; realty, banking indices lose most
Sensex falls by 110 points as market participants sell shares of companies mainly in real estate, banking, power and capital goods sectors.business Updated: Jan 31, 2008 16:22 IST
The Bombay Stock Exchange benchmark, Sensex, on Thursday fell by 110 points as market participants sold shares of companies mainly in real estate, banking, power and capital goods sectors.
The Sensex, which had surged to 18,008.71 at early stage, tumbled to a low of 17,417.63 points before ending with a loss of 109.93 points at 17,648.71.
Similarly, the National Stock Exchange index, Nifty, moved between 5,251.65 and 5,071.15 points before ending with a loss of 30.15 points at 5,137.45.
The major fall in the market was driven by realty, banking, power and capital goods sectors.
The realty index plunged the most by 2.73 per cent at 9,871.06, followed by banking index that fell by 2.13 per cent at 10,713.91, power index 2.13 per cent at 3,741.21 and capital goods index 1.43 per cent at 16,387.70.
Midcap sector suffered a loss of 62.44 points to close at 7,766.62, while smallcap index fell by 22.44 points at 10,124.42.