Sensex tumbled 3,034.49 points in four weeks; Nifty dropped by 909.55 points
Mumbai: The Sensex has tumbled by 3,034.49 points or 10.75 per cent in four weeks and the CNX 50-share Nifty also dropped by 909.55 points or 10.62 per cent in four weeks.
Rate sensitive stocks led the pack on heavy selling followed by Capital Goods and PSUs. Foreign portfolio investors (FPIs) continued their selling pressure as they sold shares net Rs 4,385.31 crore during the week as per the SEBI's record including the provisional figure of September 4.
Among the S&P BSE sectoral indices, Power dropped by 7.15 pct, followed by Bankex 6.42 pct, Auto 5.67 pct, Capital Goods 5.47 pct, Consumer Durables 4.17 pct, Metal 3.85 pct, Oil & Gas 3.55 pct, Healthcare 2.89 pct, Realty 2.77 pct, FMCG 2.67 pct, Teck 1.98 and Information Technology 1.95 pct. The BSE Mid-Cap Index dropped by 399.51 points or 3.71 pct to settle at 10,359.90.
The BSE Small-Cap index tumbled by 387.58 points or 3.53 per cent to settle at 10,605.24. Among the 30-share Sensex pack, all the 30 shares in the Sensex pack declined in the week end.
Major losers were Bhel (11.91 pct), M&M (9.78 pct), Hindalco (9.66 pct), SBIN (9.71 pct), ICICI Bank (9.06 pct), Axis Bank (7.72 pct), ONGC (7.37 pct), NTPC (5.88 pct), Tata Motors (5.16 pct), Larsen (5.14 pct) HDFC (4.72 pct), Hero Motoco (4.51 pct) Tata Steel (4.18 pct), Reliance Ind (4.09 pct), Bharari Airtel (3.42 pct) and ITC (3.42 pct).
Total turnover at BSE and NSE declined to Rs 12,374.23 crore and 89,759.01 crore, from the last weekend's level of Rs 18,931.54 crore and Rs 1,20,565.45 crore, respectively.
