BSE Sensex slipped below 15,000 mark

Monday June 15: Heavy selling pull down BSE sensex by 362.42 points


The BSE Sensex fell 362.42 points on Monday, dragged by Reliance Industries after a High court asked the billionaire Mukesh Ambani-controlled RIL to sell gas at USD 2.34 mmbtu to Anil Ambani’s Reliance Natural Resources (RNRL), which is half the government-approved price.

The Bombay high court ruling made the RIL shares to fall as much as 7.85 percent where as the Anil Ambani’s Reliance Natural Resources raised by 24.1 percent to 108.35 rupees, its best close in almost 13 months.

There is a volatile situation in the market with one day rise in share value and the next day there is fall. The analyst felt that the share price are over estimated and share market rose by more than 54 % this year after falling to 8000 mark in the last year. Analyst feel the market will go for correction in coming days as the share price are over stretched.

Main market loser are

RIL 7.85 percent
Sterlite 7.6 percent
L&T 4.8 percent


Reliance Natural is the main gainer and increased by 24.1 percent. Today Reliance natural is the highly traded share and it turnover was Rs 1101.20 crore.



Asian stocks declined, led by commodity companies, after metals and oil prices fell. Japanese automakers rose as a weakening yen boosted earnings prospects. Key benchmark indices in Hong Kong, Japan, South Korea, Singapore and Taiwan were down. European shares fell on Monday, tracking losses in Asia markets.

The 50-share NSE index fell 99.4 points or 2.2 percent to 4,484 at the end of the day.