Sensex down over 1.30 percent; bank stocks plunge
A benchmark index of Indian equities markets ended Friday's trade 348.04 points or 1.36 percent down, as bank, metal and gas and capital goods stocks plummeted.
The market's early morning gains were eroded as major gainers like capital goods and bank stocks plunged amidst weak global cues as a result of the worsening Iraqi security crisis and a possible US intervention.
The 30-scrip sensitive index (Sensex) of the S and P Bombay Stock Exchange (BSE), which opened at 25,677.05 points, ended the day's trade at 25,228.17 points (provisional), down 348.04 points or 1.36 percent from previous day's close at 25,576.21 point.
The Sensex touched a high of 25,688.31 points and a low of 25,171.61 points during the trade so far.
The S and P BSE bank index was down 408.91 points, followed by metal index which moved lower by 405.82 points, capital goods index fell by 337.27 points, consumer durables index slipped 269.72 points, automobile index dipped 264.03 points, oil and gas index plunged 220.42 points and realty index lost 110.40 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also ended the day's trade in red. It was down 107.80 points or 1.41 percent at 7,542.10 points.
(Posted on 13-06-2014)