Markets end with hefty losses; Sensex below 16,000

07 March 2008

The markets closed with huge losses inline with its Asian peers. Markets across Asia closed in red on weak cues from US on account of credit concerns.

Even on weekly basis markets have shaved with Sensex down nearly 9.5%. Realty index down 19% and bankex down 17%. Today, Sensex closed at the lowest level since 2007. Nifty slipped below 4,800 levels and Sensex has breached 16,000 mark.

All the BSE sector indices ended in deep red. Bank, capital goods, power and realty stocks were the worst hit.

Adlabs, Ess Dee, Spice Jet, Mundra Port, Chambal Fertiliser, Welspun Gujarat were the top laggards.

Bajaj Auto, ICICI Bank, Reliance Energy and Siemens werre biggest losers.

Sensex closed down 566.56 points or 3.42% at 15975.52, and the Nifty down 149.80 points or 3.04% at 4771.60.