Heavy selling Crashes Sensex by 401 points, fall below the 14000 Mark

July 08:Heavy selling Crashes Sensex by 401 points, fall below the 14000 Mark


The BSE Sensex ended the day at 13,769 points, with a big loss of by 401.3 points compare to previous close, owing to high selling seen across the board.

The weak global sentiment also dampened investor sentiment. The Nifty index of National Stock Exchange (NSE) was also quoted below 4200 level and ended at 4078.90, with a loss of 123.25 points.

Huge selling pressure in banking, infrastructure, metal, telecom, oil & gas exploration, realty pulled the BSE key index Sensex below the psychological levels of 14000 at the end of day.

Major Losers:

Sterlite tumbled over 8% to Rs 546.
DLF down by over 7% each to Rs 284
Reliance Infrastructure down by over 7% to Rs 1,075.
L&T and ICICI Bank slipped around 6% each to Rs 1,413 and Rs 655 respectively.
Jaiprakash Associates dropped 5.5% percent.

Foreign Institutional investors have sold Indian equities worth Rs 3,232 crore in the net since Monday
Banking sector stocks were in red as investors were nervous about the impact of the Government’s borrowing programme on the financial sector.
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Turnover Volume Topper

Reliance Industries is the highly traded script with a turnover of Rs 345.28 crore on the BSE. It was followed by Unitech (Rs 252 crore), Tata Steel (Rs 202.68 crore).