09 March,2009 06:07 PM IST | | PTI
The Bombay Stock Exchange benchmark Sensex on Monday dropped by over 165 points on profit-selling by funds in blue-chips led by Reliance Industries amid weak trends in global stock markets.
The Sensex plunged by 165.42 points at 8,160.40, after touching the day's low of 8,110.10 points.
The 50-share National Stock Exchange index Nifty dropped by 47.00 points to 2,573.15 after touching a low of 2,555.60 during the day.
Marketmen said mainly a weak trend in the overseas stock markets and profit-taking by funds at existing higher levels pulled down stock markets.
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They said investors were mostly cautious because of economic uncertainties and market holidays on Tuesday and Wednesday.
Among major losers that dragged the Sensex down, Reliance Industries fell 1.43 per cent to Rs 1,153.85, RCom 4.03 per cent to Rs 132.25, Reliance Infra 2.77 per cent to Rs 439.75, SBI 5.68 per cent to Rs 896.80, Larsen and Toubro 3.16 per cent to Rs 561.80, ITC Ltd 4 per cent to Rs 158.20, and DLF Ltd 4.54 per cent to Rs 138.70.
JP Associates fell 5.32 per cent to Rs 65.85, Sterlite Industries 2.24 per cent to Rs 244.45, Tata Motors 1.30 per cent to Rs 136.70 and Tata Power 2.54 per cent to Rs 622.80.
The realty sector suffered the most, losing 3.21 per cent to 1,303.63, following heavy-selling in stocks of DLF Ltd, which declined 4.54 per cent, Unitech Ltd 4.98 per cent and Indiabull Realestate 3.90 per cent.
The FMCG sector index was the second-worst performer, losing 2.78 per cent to 1,802.57, followed by the banking index by the same margin at 3,633.23.
The Teck index fell 2.58 per cent to 1,635.55, the IT index 2.27 per cent to 2,025.29, the capital goods index 1.94 per cent to 5,453.49, the metal index by 1.90 per cent to 4,439.06, the PSU index by 1.77 per cent to 4,675.53, the consumer durables index by 1.61 per cent to 1,471.56 and the oil and gas index by 1.58 per cent to 5,633.88.
The power index fell 1.34 per cent to 1,615.15 and the healthcare index 1.03 per cent to 2,518.80. With the general weak trends, the smallcap index fell by 1.55 per cent to 2,866.68 and the midcap index by 1.27 per cent to 2,553.49.
However, the auto index gained by 0.07 per cent to 2,599.15 following reports of a rise in car sales in February.
