Stock Market Closing Bell by Money Capitalheight

Sensex tanks 339 pts, Nifty ends below 8500
Profit booking continued for another session on Monday with the Sensex losing 338.70 points or 1.19 percent to 28119.40 and the Nifty falling 100.05 points or 1.17 percent to 8438.25.

The broader markets dropped too; the BSE Midcap and Smallcap indices slipped 1.2 percent and 0.9 percent, respectively. About 1141 shares advanced and 1803 shares declined on the Bombay Stock Exchange.

Infosys topped the selling list, down 4.84 percent followed by Sesa Sterlite, M&M, BPCL, Jindal Steel, Hindalco and TCS with 2.5-4 percent loss.

However, Coal India, ITC, Bharti Airtel, Cipla, Sun Pharma, Asian Paints, UltraTech Cement and ONGC bucked the trend, up 0.7-2.2 percent.

SpiceJet, Arvind, Alembic, BEML, NCC, Bombay Dyeing, Ashok Leyalnd, REC, Idea Cellular, Dish TV, JK Tyre and Crompton Greaves were top midcap losers, down 3-5 percent. However, Jet Airways, Pipavav Defense, JBF Industries, Suzlon and Sintex gained 3-10 percent.

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