Sensex crashes
538pts, Nifty ends below 8100
Bloods spills on Dalal Street as bears go on a
rampage. After a heavy selling day, the Sensex ended with a loss of 538
points or 2 percent at 26781.44. The Nifty closed below 8100-level, down 152.00
points or 1.8 percent at 8067.60. About 566 shares have advanced, 2312
shares declined, and 86 shares are unchanged.
Midcaps & smallcaps were slaughtered while banking
stocks too were hammered down out of shape. Bank Nifty shed 3 percent while
metals fell 4 percent. Only IT index was in the green with a gain of 2 percent.
Sesa Sterlite, Dr
Reddy's Labs, Hindalco, SBI and Tata Power were among the laggards. TCS,
Infosys, Bharti Airtel were gainers in the Sensex.
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