Business | Updated Dec 17, 2007 at 04:57pm IST

Manic Monday: Sensex nosedives 700 points

moneycontrol.com

Mumbai: The markets after opening on weak note today in line with global peers proceeded to trade weak for the whole day and succumbed to heavy profit booking in late trade and finally ended in deep red.

Heavy selling was witnessed in the metal, realty, power and oil & gas stocks.

Banking, auto and cap goods were also weak, however the pharma and FMCG stocks were little resilient to the free fall in the first half but they also slipped in the later part.

Midcap and smallcap index also ended with deep cut. Market breadth was negative at the time of closing but the volume was relatively impressive.

Sensex witnessed second highest single day fall on Monday and ended down 769.48 points or 3.84% at 19261.35, and the for the Nifty, it was biggest ever single day fall and it was down 270.70 points or 4.48% at 5777.

About 1115 shares have advanced, 1950 shares declined, and 28 shares are unchanged. BSE midcap was down 3.87% at 9105.58. Smallcap was down 2.91% at 11840.02.

BSE auto index was down 3.04% at 5569. BSE bankex was down 3.67% at 10919.22. BSE cap good index was down 3.69% at19219.52.

FMCG index was down 2.33% at 2211.07. BSE pharma index was down 2.55% at 4198.20. BSE IT indesx was down 2.16% at 4167.60.

BSE metal index was down 7.28% at 18324.50. BSE oil & gas index was down 5.13% at 12314.72. BSE power index was down 4.80 at 4222.68. BSE realty index was down 5.65% at 11699.36.

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