Stocks Down ICICI Bank,JP Associate TCS, RIL and Tata Steel
· Selling pressure intensified in afternoon trade with the BSE Bankex tumbling close to 8 per cent. Frontline stocks were under severe .
· Noon time, Bombay Stock Exchange’s Sensex shed 428.23 points or 4.26 per cent to 9,620.26. The index fell to a low of 9,584.36 after opening trade at 9,902.35.
· National Stock Exchange’s Nifty lost 3.84 per cent or 119.3 points to 2989.35. The index swing in a range of 3110.20 and 2977.25.
· Second line stocks were relatively less affected. BSE Midcap Index was down 1.12 per cent and BSE Small cap Index fell 1.04 per cent.
· Profit booking shaved away gains across sectors, with the banking space being the worst hit. Metals, realty and technology space followed. However, marginal gains in healthcare and consumer durables helped keep their sectoral indices afloat.
· The only gainers in the 30-share index were Sun Pharmaceuticals (1.85%) and NTPC (1.51%).
· Significant losses in ICICI Bank (-11.01%), Jaiprakash Associate (-11%), Tata Consultancy Services (-9.73%), Reliance Infrastructure (-9.54%) and Tata Steel (-9.37%) pressure the indices lower.
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