The Sensex ended in red, below 9K at 8,839, reversing it early gains after Asian markets pared its gains and European markets opened in the red. Weak manufacturing data also added to the selling pressure. The Sensex shed 252 points while Nifty shed 72 points to end at 2,682.
In the early trade, Asian markets helped to push the markets higher but did not last till the end due to squaring off of positions. The selling pressure on the BSE was led by the realty, auto, consumer durables, and banking stocks. The indices of these sectors on the BSE were down between 3.8 per cent and 5.3 per cent. In fact, all the sectoral indices on the BSE ended in the red.
Among the realty stocks, DLF lost around 10 per cent while Akruti City fell over 5 per cent. Among the Sensex stocks, DLF, Maruti, ICICI Bank led the losers. The biggest carmaker of the country lost 9.4 per cent while ICICI Bank shed over 7 per cent. Grasim, Tata Steel and TCS were among the gainers on the Sensex, up over 1 per cent each.
In the early trade, Asian markets helped to push the markets higher but did not last till the end due to squaring off of positions. The selling pressure on the BSE was led by the realty, auto, consumer durables, and banking stocks. The indices of these sectors on the BSE were down between 3.8 per cent and 5.3 per cent. In fact, all the sectoral indices on the BSE ended in the red.
Among the realty stocks, DLF lost around 10 per cent while Akruti City fell over 5 per cent. Among the Sensex stocks, DLF, Maruti, ICICI Bank led the losers. The biggest carmaker of the country lost 9.4 per cent while ICICI Bank shed over 7 per cent. Grasim, Tata Steel and TCS were among the gainers on the Sensex, up over 1 per cent each.
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