Mumbai: The Sensex closed in negative terrain at 13,652.15 with a huge loss of 208.37 points on the Bombay Stock Exchange on sustained heavy selling pressure by Foreign Institutional Investors (FII's) and local investors on Monday.
The market ended weak on the back of a sell-off in tech, telecom and autos. However select side-counters surged, and the market breadth remained quite strong.
Weakness in Asian markets and a fall in Indian ADRs on Friday weighed down Indian bourses.
The Sensex's provisional closing was 13,652.15.70, a fall of 208.37 points before it resumed at a low of 13,855.89 points.
The barometer index came off the lower level after having lost as many as 260.65 points, to hit 13,599.87 during the intra day.
The BSE METAL and IT indices were down steeply by 165.32 points and 138.83 points respectively and closed at 8814.53 points for METAL index and for IT Index at 5204.88 points, followed by TECK index by 84.25 point and quoted at 3590.54 points, BANKEX index by 71.37 points and touched 7082.90.
AUTO index was down by 68.73 points and quoted at 5526.72 points, CG index by 67.76 points and quoted at 9099.06 points, FMCG index by 25.71 points and touched 1849.06
points, MID CAP index by 24.66 points and closed at 5912.01 points, HC index by 21.87 points and touched 3827.78 points and OIL & GAS index by 18.73 points and closed at 6319.82 points.
The market-breadth showed strength. For 1,731 shares rising on BSE, 929 declined. Just 45 shares were unchanged. Gainers outpaced losers by a ratio of 1.86:1. The BSE clocked Rs 3716 crore in turnover.
Meanwhile, the S&P CNX Nifty index of NSE also opened low at 3983.30 points. The Nifty index recorded a high at 3987.45 points and a low at 3913.00 points.
The index closed low at 3933.40 points with a major loss of 50 points from it last close of 3983.40 points. Asian shares dropped on Monday, led lower by resources and
financial stocks.
Key benchmark indices in Hong Kong, South Korea, Singapore and Taiwan were down by between 0.9 per cent to 1.2 per cent.
Tokyo's market was closed for a public holiday. There is widespread anticipation that the Bank of Japan will hike interest rates as early as next week.
US stocks closed lower on Friday (5 January) as a stronger-than-expected US job growth in December cast doubts on hopes for an early US interest rate cut.
The Dow Jones industrial average fell 82.68 points, or 0.66 per cent, to 12,398.01. The Standard & Poor's 500 Index was down 8.63 points, or 0.6 per cent, at 1,409.71.
The Nasdaq Composite Index ended down 19.18 points, or 0.78 per cent, at 2,434.25
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