Sensex Dips Further

The benchmark index Sensex declined further into the depressing zone as credit fears mounted in the Asian markets. Realty, oil & gas and power stocks witnessed heavy selling action.

Midcap and Smallcap index declined 0.70% and 0.51% respectively.

Today, the 30-share index, BSE Sensex opened at 14,557.33 after losing 105.28 points, as against its last closure at 14,662.61.

At 11.14 a.m., the 30-share index Sensex stood at 14,452.17, down 210.44 points, after hitting a high of 14,557.33 and a low of 14,452.17.

In the meantime, the broad based Nifty lost 79.70 points at 4,320.55, after touching a high of 4,399.30 and a low of 4,319.20. (11.14 a.m.)

The overall breadth of the market was sharply negative as it saw 738 advancements as against 1364 declinations.

Major gainers in the 30-share index included Ranbaxy Laboratories (0.99%), Tata Motors (0.97%), Sterlite Industries (India) (0.63%) and Maruti Suzuki India (0.34%).

The major losers in the Sensex were DLF (3.61%), Reliance Industries (2.99%), Tata Power Company (2.77%), Oil & Natural Gas Corporation (2.52%), Reliance Energy (2.52%) and Bharti Airtel (1.96%).