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Stock Market Closing News:
Equity benchmarks saw huge selling pressure in last hour
of trade following weak Euroepan cues and drop in rupee. The Sensex fell 349.99
points or 1.33 percent to close at 25999.34, and the Nifty was down 115.80
points or 1.47 percent to 7748.20.
About 777 shares have advanced, 2155 shares declined, and
91 shares are unchanged.
The broader markets too saw big crack; the BSE Midcap and
Smallcap indices losing 1.4 percent and 2.5 percent, respectively.
All sectoral indices closed in the red. BSE Power,
Capital Goods, Oil & Gas, Auto, IT, Bank and Healthcare indices were down
1-3 percent while ITC, Gail India and Coal India were only gainers in the
Sensex, up around a percent.
Hindalco Industries, Ultra Tech Cement, Grasim
Industries, Mahindra and Mahindra, Sesa Sterlite, Tata Steel, Tata Power,
Reliance Industries and BHEL topped the selling list, down 3-6 percent.
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