Markets lose momentum, Sensex sheds 259 pts

RSTV Bureau

 

sensex-down-400x265Sensex plunged 259.48 points on Tuesday to finally close at 32,014.19. Nifty too shed 78.85 to close at 9,978.55, way below the 10,000 mark.

Nifty closed below the 10,000 mark for the first time in nine sessions.

Sensex had erased early gains to take the plunge while the Nifty tested the 10,000 level due to sudden selling pressure in realty, oil & gas, power, energy, banking, capital goods and FMCG counters amid lower Asian cues.

The BSE mid-cap and small-cap indices too were down 0.86 per cent and 0.95 per cent, respectively.

Major losers were BHEL, BPCL, SBI, Coal India, Kotak Mahindra Bank, Dr Reddy’s, NTPC, ITC, Power Grid and ONGC.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 199.21 crore yesterday, as per provisional data released by the stock exchanges. And Domestic Institutional Investors (DIIs) bought shares worth a net Rs 308.15 crore.

Overseas, Asian stocks took a breather as investors awaited for more clues on global demand and US interest-rate policy. Modest gains lifted US stocks to another record on Monday.

(With inputs from PTI)