Sensex plunges by 138 pts to close at 9,445.30
Sense plunged by 138.15 pts in highly volatile trading, marked by heavy selling by operators.business Updated: Jan 10, 2006 16:55 IST
The Bombay Stock Exchange's benchmark index on Tuesday plunged by 138.15 points to close at 9,445.30 points in highly volatile trading, marked by heavy selling by operators ahead of announcement of third quarter corporate earnings during the week.
The 30-share Sensitive Index (Sensex), which had scaled yet another all-time high of 9,689.68 on Monday, opened marginally higher at 9,584.47 as against Monday's close of 9,583.45 and after moving in a wide range of 9,600.08 and 9,418.63, ended at 9,445.30, showing a steep fall of 138.15 points or 1.44 per cent over the previous close.
Domestic mutual funds and operators were believed to be heavy sellers in several blue chip stocks ahead of the third quarter results to be declared by several blue chip companies during the week.
Foreign Institutional Investors (FIIs) which had pumped in a massive Rs 2,287.50 crores in the previous week, were continued buyers on the back of strong economic fundamentals.
Subdued trend in select Asian markets and closure of local market tomorrow for Id-ul-Zuha also dampened the market sentiment to a large extend. In the South Eastern Asian markets, Nikkie dropped by 303.86 points, Taiwan by 34.94 points and Kospi by 12.04 points.
Among the major losers, RIL, Infosys Tech, SBI, Satyam, Grasim, HDFC, HDFC Bank, Hero Honda, HLL, Bharti Tele, Dr REddy, Tata Motors, Tata Steel, TCS, L&T, Maruti, ONGC, Bajaj Auto, ACC, REL, ICICI Bank and Tata Power were prominent.