The benchmark indices recoiled due to huge selling in price driven, cement, metal, infrastructure and pharmacy shares. The NSE ended lower than 4300 and the BSE lower than 14500 levels; the broader indices were also in the same line while the international markets were calm in trade on Tuesday.
The 30-share BSE declined 291.90 points to stay at 14,493.84 and the 50-share NSE ended at 4291.10, which is low with 2.27% from earlier close. The BSE Index dipped 153.75 points to 5,076.34 among the broader indices and the Smallcap Index fell 2.51% to 5,740.04.
QIP Stocks saw big selling stress after witnessing run-up in recent few days. Unitech, Sobha, HCC, HDIL, Lanco Infratech, Bajaj Hindusthan and Shree Renuka Sugars dropped 2.5-12%.
All sector indices closed on the lower side; the BSE Realty Index dropped 7.4%. Bank, Oil & Gas, Healthcare, Metal, Power, Capital Goods and Auto indices fell 2-3.4%.
Sum traded revenue remained at Rs.78, 432.23crore, which comprised Rs.19,313.04crore from the Nifty cash section, Rs.52,352.53crore from the Nifty F&O and the balance Rs.6,766.66crore from Sensex cash section.
The market breadth was pessimistic in the wake of decline in broader indices; around 843 shares rushed while 1926 shares fell on the Sensex. Around 386 shares stayed unaffected.