Sensex crashes by 951 points, closes below 15000

Taking a cue from the overseas markets, the 30-share sensitive index (sensex) of the Bombay Stock Exchange (BSE) on Monday opened with a huge negative gap of 433 points at 15,327 and shed 951 points before closing at 14,809.

Mumbai, Mar 17 : Taking a cue from the overseas markets, the 30-share sensitive index (sensex) of the Bombay Stock Exchange (BSE) on Monday opened with a huge negative gap of 433 points at 15,327 and shed 951 points before closing at 14,809.

So far this year the index has come down by 27 per cent.

The Mid-cap and Small-cap indices also registered negative trends as they were down by seven per cent each.

The BSE Bankex came down by nine per cent and the Realty index slumped nearly eight per cent with the Metal index declining by 7.5 per cent.

Out of 2,716 stocks traded on the exchange, 2,404 declined, 282 advanced and 30 remained unchanged.

ICICI Bank crashed nearly 14 per cent, HDFC plunged 11 per cent, while HDFC Bank slipped nearly six per cent and SBI jumped down by 4.7 per cent,

Jaiprakash Associates tumbled 12 per cent, DLF plunged nearly eight per cent and Larsen and Toubro dropped seven per cent.

Hindalco plunged over nine per cent and Tata Steel shed eight per cent.

Reliance Energy tumbled over eight per cent and Reliance Communications dropped nearly seven per cent.

Infosys was down 2.5 per cent, Grasim dropped 6.5 per cent and Ranbaxy slipped 5.6 per cent.

Tata Motors and BHEL dropped around 4.5 per cent each.

ANI