Published on Thu, Jan 28, 2010 at 15:30 | Source : CNBC-TV18
Updated at Thu, Jan 28, 2010 at 16:56
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Sensex, Nifty plunge 6% in January series
The Sensex and Nifty plunged 6% each in the January series. Realty, capital goods, banking and metal stocks witnessed huge selling pressure; respective indices declined 6-11.5%.
The Sensex and the Nifty plunged 6% each in the January series. Realty, capital goods, banking and metal stocks witnessed huge selling pressure; respective indices declined 6-11.5%.
The BSE Realty Index was down 11.5%; Indiabulls Real tanked 22% and HDIL lost 14%. DLF and Unitech fell 11% each.
L&T and Punj Lloyd slipped over 13% in the capital goods space.
The BSE Bankex lost 6.4%; IOB, HDFC and ICICI Bank fell 10-15%.
Sesa Goa, Sterlite Industries and JSPL were down 10-13% in the metal space; respective Index was down 6.3%.
Among the other stocks; Orchid Chemical and Suzlon plunged 18%. Praj Industries was down 15%.
Ranbaxy Labs, Maruti and Aban Offshore fell 11-13%.
However, Pantaloon Retail, JP Hydro, Triveni and Sun TV gained 12%. Grasim and Siemens were up 6%.
Among the broader indices, the CNX Midcap Index was down 4% and the BSE Small Cap Index was down 2%.
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