The BSE Sensex lost 456 points on Friday (July 11) because of disappointing IIP numbers, rising inflation and heavy selling action witnessed in index heavyweights.

IT, Consumer Goods, Realty, Power, FMCG stocks led the fall.

The 30-share index, Sensex opened the day with a gain of 195.82 at 14,032.06, supported by Infosys quarterly results.

But after few minutes of trading, the stock market slipped into negative zone, ahead of Inflation and IIP numbers.

For the week ended June 28, inflation rate climbed up to 11.89 percent, as against 11.63% during the last week.

Index of Industrial Production (IIP) growth for the month of May 2008 came down to 3.8% as compared to 10.6% during the corresponding period of the last year (May 2007).

IT giant Infosys Technologies, on consolidated basis registered a net profit growth of 20.67% to Rs 13,020 million for the quarter ended Jun. 30, 2008 as compared to Rs 10,790 million for the quarter ended Jun. 30, 2007.

Asian stocks gained on Friday, led by commodity companies after increase in metals as well as oil prices.

Finally, the Sensex closed the week after losing 456.39 points at 13,469.85 while the broad-based NSE Nifty ended the week at 4,049.00, down 113.2 points.

The overall market breadth was sharply negative as it experienced 1,655 declinations as compared to 995 progressions.

All sectoral indices on BSE traded negatively as market tumbles. BSE IT fell 6.73%, Consumer Goods lost 4.99%, and Power declined 4.28%. Rest all indices traded down marginally.

Biggest losers in the 30-share index were JP Associates, TCS, Satyam, Infosys, L&T, Reliance Infra, HDFC, Tata Steel, ICICI Bank, BHEL, ONGC and ACC.

Most active counters on the bourses were Ambuja Cement, HDFC Bank, Hindalco, Bharti Airtel and Tata Motors.