Markets Crash to 2013 Lows

Thursday, February 21, 2013, Indian market closing: Indian equity markets ended in the negative amid weak cues from global markets.
By Nidhi Gandhi |  21-02-13 | 

India equity markets ended at its lowest level in the calendar year amid weak global cues. The markets which edged lower in initial trade on weak Asian stocks remained in the negative throughout the day. Shares plummeted globally after minutes of a Federal Reserve meeting showed members of the central bank were considering stopping its purchase of assets, or quantitative easing, earlier than it had earlier targeted. Market breadth was negative as on the BSE 1,929 shares declined while 904 shares advanced.

The BSE Sensex touched a high of 19,555 and a low of 19,290 before it ended lower by 1.62% or 317.39 points to close at 19,325. The S&P CNX Nifty too moved lower by 1.53% or 90.80 points to close at 5,852. The BSE Mid-cap and Small-cap indices fell by 1.64% 1.74% respectively.

Majority of the indices on the BSE sectoral space ended in the red, except 1. The only gainer was the BSE Consumer Durables index which moved up by 0.04%. Leading the pack of losers was the BSE Metal index, down by 3.23%; followed by the BSE Bankex index which fell by 2.52%. The other major losers were the BSE Realty and BSE Capital Goods indices which moved down by 2.33% and 2.07% respectively.

The only gainer on the BSE Sensex was Gail India, up by 0.09%. On the other hand, the top 5 losers were Jindal Steel (-4.19%), Tata Steel (-4.18%), Sterlite Inds (-3.77%), ICICI Bank (-3.77%) and Hindalco Inds (-3.54%).

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