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Sensex tanks 453 points at close

Last updated on: May 19, 2006 17:43 IST

Amidst volatility the markets closed in deep red on account of heavy selling in index pivotals. The BSE Sensex closed with a loss of 452 points at 10939. The Nifty was down over 142 points at 3247.

The US markets closed in red yesterday and the Asian markets closed mix.

The market breadth was extremely negative, about 313 shares have advanced, 2113 shares declined, and 27 shares are unchanged.

Heavyweights like Reliance, SBI, ITC, HLL closed in the red.

The major losers on the indices are Cipla, Tata Steel, Wipro, Nalco, GSK and Zee.

The NSE cash turnover stood at Rs 10808.71 crore. The NSE F&O was at Rs 40399.93 crore and the BSE cash turnover stood at Rs 5118.01 crore. The total market turnover stood at Rs 56,326.65 crore.

Markets today:

The metal index was down 5.4% at 8,704.50. Metal stocks including Jindal Saw, NALCO, JindalStainless, Hind Zinc, Tata Steel, and SAIL.

FMCG stocks like Dabur India, Colgate, Tata Tea, HLL and ITC closed in deep red. he FMCG index was down 5.33% at 2,012.51.

Pharma index was down 5.2% at 3,510.44. Pharma stocks including Cipla, Orchid Chemical, Aventis Pharma, Nicholas Pirama, GlaxoSmithKline and Ranbaxy Labs ended low.

Banking stocks including IOB, Andhra Bank, Canara Bank, Oriental Bank, Union Bank and ICICI Bank closed in the negative The bankex was down 5% at 5,008.72.

Capital goods index closed at 7,787.29 down 4.3%. Capital goods stocks like Bharat Electronics, Siemens, ABB, Alstom Projects, Ingersoll Rand and Alfa Laval closed in red

Consumer drables stocks like Titan Industries, Su-Raj Diamonds, Whirlpool closed in the negative terrain. The index closed at 3,145.41 down 3.7%.

The BSE Auto index closed at 5,103.37 down 3.4%. Auto stocks like Hind Motors, TVS Motor, Sundaram-Clayton, Cummins, Escorts and Bharat Forge ended lower.

IT stocks like Patni Computer, Satyam, i-Flex Solution, HCL Tech, Wipro closed weak. The IT index was down 3.3% at 3,732.82.

The oil & gas index was down 3.1% at 5,386.37. Oil & gas stocks including MRPL,ONGC, IOC, Kochi Refin and Reliance were among the top losers.

All the BSE indices closed in red. Heavy selling is seen in capital goods, auto and pharma stocks. Metal stocks are also under pressure.

Markets weekly summary:

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