Sensex plunges by 406 points, Rupee by 36p per $
22 Nov 2013 12:54 AM GMT
The S&P BSE benchmark Sensex fell for the second day, showing its biggest fall in more than 2-1/2 month and plunging by 406 points due to all-round selling from operators as global stocks fell on fears that the US Federal Reserve may reduce stimulus in coming months. China’s deceleration of manufacturing activity this month too affected market sentiment. The rupee too fell for the second day against the dollar, losing 36 paise to 62.93.
All 13 sectoral indices closed in the red between 0.96 and 2.49 per cent, with Banking, Capital Goods, Realty, Power, PSU, FMCG, Metal and Refinery segments leading the fall. All 30 Sensex scrips closed with sharp to moderate losses. Heavyweights like ITC, HDFC, RIL, Infosys, ICICI Bank, L&T, HDFC Bank, TCS, Sun Pharma and SBI together contributed over 300 points in the Sensex loss.
All 13 sectoral indices closed in the red between 0.96 and 2.49 per cent, with Banking, Capital Goods, Realty, Power, PSU, FMCG, Metal and Refinery segments leading the fall. All 30 Sensex scrips closed with sharp to moderate losses. Heavyweights like ITC, HDFC, RIL, Infosys, ICICI Bank, L&T, HDFC Bank, TCS, Sun Pharma and SBI together contributed over 300 points in the Sensex loss.
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