The stock markets suffered a sharp setback on weak global cues with the benchmark Sensex on Thursday ending 79 points lower in volatile trade amidst FII outflows.
The Bombay Stock Exchange (BSE) 30-share sensitive index (Sensex) opened weak at 11,893.33 and later fell sharply to an intra-day low of 11,815.43 before ending the day at 11,853.85 against Wednesday's close of 11,933.21, a net fall of 79.36 points or 0.67 per cent.
Similarly, the National Stock Exchange's (NSE) S&P CNX Nifty dropped by 22.70 points or 0.65 per cent to 3,454.55 from the previous close of 3,477.25.
Operators and retail investors turned cautious following a FII pull out on September 5 and 6, brokers said.
Foreign Institutional Investors (FIIs) reported net sales of Rs 284 crore in the futures and options in two sessions.
The market sentiment was adversely affected by sluggish trend in global markets. Indices on Wall Street fell sharply while Asian markets witnessed weak trend during the day.
In Asian markets, the Nikkei ended down by 271.68 points, the Hang Seng by 162.07 points, Singapore ST by 21.14 points, the Kospi by 5.84 points and the Taiwan by 3.17 points.
European markets Germany, England and France, which resumed trade in the afternoon, too were weak at the outset.
Stocks of oil refinery, IT and healthcare bore the brunt of selling but auto, metal and consumer durables counters stemmed the tide of negative global impact.
Heavyweight counter HDFC rallied smartly on news that HDFC-sponsored real estate fund has been permitted to bring up to Rs 3,240 crore of FDI into the country.
The trading volume increased further to Rs 3,313.00 crore from Rs 3,084.47 crore on Wednesday. ICICI Bank clocked highest turnover of Rs 158.15 crore (including Institutional deals), followed by RIL (Rs 131.09 crore), Century Tex (Rs 107.01 cr), Jet Airways (Rs 92.59 crore) and Hind Zinc (Rs 86.74 crore).
The broad-based BSE-100 Index fell back by 38.17 points to 6,040.19 from previous close of 6,078.36.
The BSE-200 Index and the Dollex-200 were quoted down at at 1,427.08 and 515.11 at close compared to previous close of 1,435.40 and 518.05 respectively. The BSE-500 Index dipped by 24.06 points to 4,523.07 from last close of 4,547.13 and the Dollex-30 ended lower at 2,109.92 from 2,123.81.
RIL tumbled by 11.80 to 1125.55, Infosys Tech by 29.35 to 1804.20, Satyam Computer by 16.50 to 796.90, Wipro by 10.55 to 511.80, TCS by 9.05 to 986.20, Bajaj Auto by 59.20 to 2775.45, Bharti Airtel by 3.55 to 423.05, BHEL by 13.50 to 2253.15, Cipla by 7.10 to 254.00, Dr Reddy by 6.95 to 727.50, GACL by 1.20 to 115.45, Grasim by 2.65 to 2303.30, HDFC Bank by 14.00 to 848.70, Hero Honda by 8.30 to 710.95, Hindalco by 1.30 to 10.55, ICICI Bank by 3.00 to 607.05, ITC by 2.80 to 186.00, ONGC by 5.50 to 1200.25, Ranbaxy by 4.75 to 410.20, REL by 2.00 to 478.90 and SBI by 9.55 to 938.70.
HDFC rose by 40.35 to 1352.75, Maruti by 19.65 to 913.05, Tata Motors by 13.10 to 897.35, L&T by 18.00 to 2572.55 and ACC by 7.20 to 947.15.