Market extends fall on weak global cues
The market ended lower for the second day in a row tracking weak global markets. The key benchmark indices were highly volatile throughout the session ahead of the outcome of the Securities and Exchange Board of India’s board meet to review the rules regarding the issuance of participatory notes.
Banking and realty shares witnessed selling pressure, while buying was seen in pharmaceuticals and technology stocks. Index pivotal ICICI Bank was the biggest loser in the Sensex pack.
Sensex fell 119.01 points or 0.78% to 15,093.12.
Nifty fell 23.2 points or 0.51% lower at 4529.05.
As per provisional data released by the stock exchanges after trading hours, foreign funds today, 13 August 2008, sold shares worth a net Rs 915.58 crore. Domestic funds bought shares worth a net Rs 226.12 crore.
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