BSE Sensex plunges 491Points; Nifty down at 8,526 Points

A benchmark index of the Indian equities markets closed Monday’s trade down 491 points or 1.71 percent as capital goods stocks plunged. All sector-based indices of the Bombay Stock Exchange (BSE) ended in the red. Interest-sensitive stocks like capital goods, banks and automobile came under heavy selling pressure. Selling pressure was also observed in metal, consumer durables, oil and gas and fast moving consumer goods (FMCG) scrips.

The 30-scrip BSE Sensex, which opened at 28,566.50 points, closed at 28,227.39 points, down 490.52 points or 1.71 percent from the previous day’s close at 28,717.91 points. The BSE Sensex touched a high of 28,566.50 points and a low of 28,183.32 points in the intra-day trade. The S&P BSE capital goods index plunged 720.24 points, followed by bank index which went down by 442.81 points and automobile index fell by 431.54 points.

Metal index decreased by 257.84 points, consumer durables index declined by 130.70 points, oil and gas index fell by 101.59 points and FMCG index was lower by 98.63 points. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed the day’s trade in the red. It was down 134.70 points or 1.56 percent at 8,526.35 points.(IANS)