Equities ended lower for second straight day as investors booked profits following subdued results from Reliance Industries. Weak European market and bomb blasts in outskirts of IT city Bangalore dampened sentiments further.
Bombay Stock Exchange’s Sensex closed at 14,283.53, down 493.48 points or 3.34 per cent. It touched a high of 14,484.39 and low of 14,210.63.
National Stock Exchange’s Nifty ended at 4320.65, down 2.55 per cent or 113 points. It touched a high of 4,440.85 and low of 4,297.15.
Tier II and III stocks showed some resistance to the bears onslaught. BSE Midcap Index closed at 5,582.36, up 0.03 per cent and BSE Smallcap Index closed 0.11 per cent lower at 6,788.37.
Biggest index losers comprised ICICI Bank (-9.73%), HDFC Bank (-7.35%), Reliance Industries (-7.09%), HDFC (-4.96%) and Jaiprakash Associates (-4.44%)
Ranbaxy Laboratories (3.17%), ACC (2.54%), Hindustan Unilever (2.26%), Grasim Industries (1.9%) and Satyam Computer (1.25%) were the index gainers.
Market breadth on BSE showed 1161 advances and 1447 declines.
Meanwhile, stocks in Europe fell as credit-related concerns mounted. The FTSE 100 fell 0.88 per cent, DAX 30 declined 1.44 per cent and CAC 40 was down 0.88 per cent.
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