Sensex sheds 4%, ICICI drags
The Sensex opened almost flat at 13,110 - up eight points, touched a high of 13,114, and soon slipped into the negative zone owing to weak global cues.
banking, realty and technology stocks bore the brunt of the selling, as the index tumbled to a new calender year low of 12,403 - down 699 points from the previous close.
However, some buying towards the end helped the Sensex recoup some of its losses, and finally end at 12,596 - down 506 (3.9%) points. In the process, the index has now shed 8% (1,097 points) in the last three trading sessions.
INDEX SHAKERS...
ICICI Bank and Jaiprakash Associates slumped around 12% each to Rs 493 and Rs 107, respectively.
Satyam plunged over 9% to Rs 293, and TCS tumbled 8.4% to Rs 620.
Tata Power shed 7% at Rs 918. Mahindra & Mahindra and Reliance Infrastructure slipped over 6.5% each to Rs 495 and Rs 794, respectively.
Reliance Communications and Ranbaxy declined over 6% each to Rs 326 and Rs 256, respectively.
DLF and Larsen & Toubro dropped around 5% each to Rs 351 and Rs 2,345, respectively.
Tata Motors and NTPC slipped over 4.5% each to Rs 356 and Rs 166, respectively.
Infosys, Bharti Airtel and HDFC Bank were down nearly 4% each to Rs 1,392, Rs 747 and Rs 1,200, respectively.
VALUE & VOLUME TOPPERS
Reliance Capital topped the value chart with a turnover of Rs 309 crore followed by Reliance (Rs 299.80 crore), ICICI Bank (Rs 295.40 crore), Axis Bank (Rs 157.20 crore) and Larsen & Toubro (Rs 134.70 crore).
Reliance Natural Resources led the volume chart with trades of around 1.42 crore shares followed by IFCI (89.90 lakh), Chambal Fertilisers (71.70 lakh), Jaiprakash Associates (63.80 lakh) and ICICI Bank (58.40 lakh).
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