Post Session- Sensex hit by global sell-off

Post Session- Sensex hit by global sell-off
06/08/2014 16:25
The key domestic benchmarks ended lower today as investors and speculators booked profits after yesterday’s rally with the Sensex shedding more than 240 points as banking stocks fell amid concerns that a sell-off in government bonds may hit the value of their debt holdings.

A sell-off in Asian markets and an overnight slump in American stocks weighed heavily on market sentiment as investors seemed jittery amid heightened geopolitical concerns. Tensions between Russia and Ukraine worsened as Russian President Vladimir Putin ordered the country’s government to respond strongly to the latest round of US and EU sanctions while Poland warned that a renewed buildup of Russian troops across the Ukrainian border may lead to a possible invasion.

The BSE SENSEX closed at 25,665.27, down by 242.74 points or by 0.94 per cent and the NSE Nifty ended at 7,672.05, down by 74.5 points or by 0.96 per cent.

The BSE Sensex touched intraday high of 25,901.68 and intraday low of 25,621.85 The NSE Nifty touched intraday high of 7,740.95 and intraday low of 7,658.95.

Meanwhile, the BSE MIDCAP closed at 9,201.24, down by 71.3 points or by 0.77 per cent, while the BSE SMLCAP ended at 10,096.28, down by 14.99 points or by 0.15 per cent.

On the Sectoral front, Metal and Banking shed 1.9 per cent and 1.82 per cent, respectively.

The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3239, shares advanced were 1561 while 1540 shares declined and 138 were unchanged

The top losers of the BSE Sensex pack were ITC Ltd. (Rs. 346.40,-2.63%), ICICI Bank Ltd. (Rs. 1446.85,-2.60%), Axis Bank Ltd. (Rs. 383.20,-2.42%), Sesa Sterlite Ltd. (Rs. 288.15,-2.26%), Tata Steel Ltd. (Rs. 550.15,-2.06%), among others.