Sensex sheds 445 points at 13102 | business | Hindustan Times
Today in New Delhi, India
Feb 28, 2017-Tuesday
New Delhi
  • Humidity
  • Wind

Sensex sheds 445 points at 13102

business Updated: Sep 26, 2008 18:51 IST
National Stock Exchange

Markets suffered further deep setback on Friday with the National Stock Exchange index Nifty closing below 4,000 mark in almost two months and benchmark Sensex shedding a hefty over 440 points on selling sparked by reports of failure of another US firm Washington Mutual.

Marketmen said investor sentiment was battered after report of all deposits, assets and certain liabilities of Washington Mutual, America's second largest savings and loan institution, going to JPMorgan Chase on regulator's directive

They said news of Washington Mutual was a further blow to investors as they were already signs that the $700 billion rescue package is likely to get delayed.

The BSE barometer which lost nearly 145 points in Friday, fell further by 445 points at 13102.18.

The 50-share National Stock Exchange index Nifty too came under heavy selling pressre and closed at 3,985.25 points a level last seen on July 16.

On BSE, realty stocks were hammered once again amidst continuing concern over upheaval in global financial markets and their sectoral index closed down by 6.33 per cent. Banking counter was also under severe pressure and bankex was lower by 4.27 per cent at close. Metal index was next biggest casualty at 4.76 per cent.

Realty index shed 243.23 points at 3596.98, after the sector majors DLF Ltd, Unitech, Akruti City and Indiabull Realestate fell in the range of 1.9 to 16.74 per cent.

Metal index lost 475.01 points, or 4.76 per cent, at 9502.09. Major losers were Hindalco, Nalco, Jindal Steel, Sterlite and Tata Steel.

Banking index dropped 292.93 points, or 4.27 per cent, at 6,570.54. State Bank of india, HDFC Bank, ICICI Bank, Kotak Bank and Punjab National Bank fell sharply.

Capital goods index fell by 461.94 points, or 4.10 per cent, at 10,795.19 as heavy-machinery leaders like BHEL, Larsen and Toubro, Areva, ABB, Punj Llyod, Siemens and Reliance Industrial infrastructure recorded hefty losses.

Oil and gas sector index lost 282.58 points, or 3.02 per cent, to 9081.43 as Sensex heaviest and segment major Reliance Industries fell below Rs 2,000 level to trade at Rs 1,960.90, lower by Rs 64.10.

Power index fell by 84.29 points at 2347.71, IT index by 113.48 points at 3234.94, PSU by 206.67 at 6329.20, Auto index by 118.10 points at 3734.44, Teck index by 80.31 points at 2624.55, consumer durable index by 69.17 points at 3045.35 and Healthcare index by 59.18 points at 3766.38.

However, FMCG index bucked the general weak trend and recorded a gain of 20.79 points at 2189.07.