BSE Sensex closes with a loss of 458 points

Indian stock markets ended the recent relief rally and closed with huge loss today. The markets opened weak in the morning and drifted further during the trading session. BSE Sensex closed at 17,617 with a loss of 458 points.  NSE nifty was down by 126 points at 5154.

Among major gainers were Hexaware technologies, MICO, EIH Ltd, Bombay dyeing, Tata power, Rolta India.

On the Bombay stock exchange, the major losers in A group were JP associates, reliance capital, HCL technologies, Titan industries, Bharat forge.  JP associates and reliance capital lost over seven per cent in today's trading session.

Banking stocks were among major losers.  Canara bank close at 287 with a loss of over 6.2%.  Indian bank lost over 6% to close at 219.  Kotak Mahindra bank lost over 5% in today's trading session.  Bank of India, ICICI bank, Allahabad bank were also among major losers in banking sector.

Auto Major Tata motors lost over 4%.  Maruti Udyog was down by 4.6% at 768.

BHEL, BPCL, ISPAT industries, HPCL also lost quite significantly in today's trading session.