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Market sold off in todays trade, and eased all the gains that it made on some steady gains, the disappoint factor was the interim budget, in which there was not a announcement for any major sops for ailing industries or change in tax structure.
Market turnover at Rs. 55842 cr. was 30% higher than that of Friday. European shares were trading down, led by financial stocks, on persistent concerns that more help for banks and more coordinated economic stimulus packages would be needed to address the global financial crisis. US markets are shut today on account of Presidents Day holiday.
The Sensex ended the day with a loss of 329.29 points, or 3.42% at 9,305.45 after touching a high of 9,637.04 and a low of 9,279.10. The broad-based NSE Nifty fell 99.85 points, or 3.39% at 2,848.50 after hitting a high of 2,953.20 and a low of 2,839.10.
BSE Midcap and Smallcap too ended on a negative note down 2.93% and 2.10% respectively.
All the BSE sectoral indices closed in red. Metal and Realty indices were the worst hit, falling 4.8% and 4.6% respectively. ITC was the sole gainer among sensex stocks, up 0.8% while JP Associate and Reliance Infra were the top losers, shedding 7.9% and 6.3% respectively.
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