Markets crumble in late trade; Sensex ends near 19K

18 January 2008

It was yet another tough and disappointing day for the markets wherein it opened with a deep cut on the back of weak cues from the global markets and proceeded to trade on weak note amid volatility for most part of the day. There was bloodbath on the Dalal Street in late trade and the markets ended in deep red.

Realty, oil & gas, banking, metal and capital goods counter were the worst hit in today trade and the midcap was also badly hit. Advance decline rartio worsened in the late trade and it was 1:10 on NSE.

At 15.42 hrs IST, the Sensex is down 687.12 points or 3.49% at 19013.70, and the Nifty down 211.20 points or 3.57% at 5702. About 416 shares have advanced, 2535 shares declined, and 30 shares are unchanged on BSE. BSE MIdcap was down 4.78% at 8893.71 and smallcap was down 4.55% at 12160.45.

BSE auto index was down 3.01% at 5147.74. Hind Motors, Escorts, TVS Motors were the worst hit stocks in the auto space.

BSE bankex was down 5% at 11372.41. Kotak Mahindra bank, Canara bank and Bank Of India were the top losers.

BSE capital good index was down 3.16% at 18,333.6.  Triveni Engg, Kirloskar Oil, Praj Ind were the worst hit stocks.