It was yet another volatile day for the stock markets, as the benchmark indices swung in and out of the positive terrian before ending the day with notable losses.
The US Congress debt deal failed to bring any cheer to the world markets, with the Dow Jones futures too down over 100 points. Elsewhere in Asia, Nikkei was the top performing market with a gain of 0.8 per cent. Most others ended on a subdued note.
Back home, the Sensex scaled a high of 20,630, but soon slipped into red and tumbled to a low of 20,375 - down 255 points from the day's high owing to profit-taking in IT and capital goods stocks.
The Sensex finally ended with a loss of 132 points at 20,416, and the Nifty was down 43 points at
6,046.
Among sectors, the BSE IT index slumped 3.6 per cent to 8,450, and the Capital Goods index was down 2.3 per cent at 8,181.
TCS was the major loser, down 5 per cent at Rs 2,108. Tata Motors tumbled 4 per cent to Rs 373.
Larsen & Toubro shed 3.7 per cent at Rs 837, and Wipro declined 3 per cent at Rs 495.
Infosys slipped 2.3 per cent to Rs 3,270, Cipla too declined nearly 2 per cent to Rs 415.
On the other hand, Bharti Airtel surged nearly 3 per cent to Rs 349. ONGC and Bajaj Auto rallied around 2 per cent each to Rs 281 and Rs 2,165, respectively.
ITC and Reliance were up around 1.5 per cent each at Rs 345 and Rs 879, respectively.
The market breadth was neutral - out of 2,608 stocks traded on the BSE, 1,222 advanced and 1,240 declined today.
Click Here for the Live market commentary.
The US Congress debt deal failed to bring any cheer to the world markets, with the Dow Jones futures too down over 100 points. Elsewhere in Asia, Nikkei was the top performing market with a gain of 0.8 per cent. Most others ended on a subdued note.
Back home, the Sensex scaled a high of 20,630, but soon slipped into red and tumbled to a low of 20,375 - down 255 points from the day's high owing to profit-taking in IT and capital goods stocks.
The Sensex finally ended with a loss of 132 points at 20,416, and the Nifty was down 43 points at
6,046.
Among sectors, the BSE IT index slumped 3.6 per cent to 8,450, and the Capital Goods index was down 2.3 per cent at 8,181.
TCS was the major loser, down 5 per cent at Rs 2,108. Tata Motors tumbled 4 per cent to Rs 373.
Larsen & Toubro shed 3.7 per cent at Rs 837, and Wipro declined 3 per cent at Rs 495.
Infosys slipped 2.3 per cent to Rs 3,270, Cipla too declined nearly 2 per cent to Rs 415.
On the other hand, Bharti Airtel surged nearly 3 per cent to Rs 349. ONGC and Bajaj Auto rallied around 2 per cent each to Rs 281 and Rs 2,165, respectively.
ITC and Reliance were up around 1.5 per cent each at Rs 345 and Rs 879, respectively.
The market breadth was neutral - out of 2,608 stocks traded on the BSE, 1,222 advanced and 1,240 declined today.
Click Here for the Live market commentary.
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