Sensex maintained a loss of more than 400 points led by sell-off across the globe. All sectoral indices were under selling pressure. However, only ONGC and BPCL were in the green.A bout 17 shares were falling for every one share rising on National Stock Exchange.
Top losers were Sterlite Industries, Reliance Infrastructure, Jaiprakash Associates, M&M, TCS and HCL Tech, which lost 5-7% each.
Heavy weights like Infosys, RIL, ICICI bank are also trading weak. Market breadth was negative on the NSE with 2497 losers against 722 gainers.The Asian markets were plunged on renewed concerns of global economy coming to a stall. Nikkei 225 down 3.59 per cent, Hang Seng fell 4.75 per cent and Taiwan Weighted plunged 4.92 per cent.
However, BPCL and ONGC gained 1-2% on the back of fall in crude oil prices to USD 86 a barrel. HPCL shares rose by 2% at Rs. 403 with the gain of Rs. 11. BPCL and IOC are both up by 1% each at Rs. 699 and Rs. 333, respectively.
Investor sentiment has also been hammered by a lack of clear political leadership in both Europe and in Washington, and concern that governments and central banks are running out of fiscal and monetary ammunition to deal with the crises.
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