Market closes with substantial losses; Sensex dips below 18000 mark

Business

oi-Manoj

By Manoj

Published: Monday, December 12, 2011, 12:47 [IST]

Mumbai, Feb 1: The Indian equity benchmarks was dragged five-months low for the fifth consecutive day by an unstoppable sell-off. The BSE Sensex dipped below 18,000 mark, meanwhile, Nifty held 5400 level.

At 4:45 pm, BSE Sensex was at 18,022.22 down 305.54 points and Nifty was at 5417.20 down 88.70 points.
4:45PM

Nifty shows no recovery; heavyweights inflict losses

There were no signs of relief for the traders, the benchmark Nifty showed no change. Despite the positive global cues, the market continued the downtrend and did not show any indications of recovery.

Heavyweight Reliance Industries too was putting pressure on the market with loss of 1.8 percent.

At 2:30 pm, BSE Sensex was at 18021.29 down 306.47 points and Nifty was at 5407.45 down 98.45 points.
2:30PM

Nifty sheds over 200 pts; keeps downtrend for fifth day

The Tuesday's trade erased all the expectations and slipped over 200 points and kept the downtrend for the fifth consecutive day.

At 12:15 pm, BSE Sensex was at 18,098.65 down 229.11 points and Nifty was at 5,436.00 down 69.60 points.
12:15PM

Market opens on a +ve note; expected to gain around 200-300 points

The first session of Feb month began on a positive note, the consecutive downtrend is likely to change on Tuesday's trade. The benchmark Nifty was supported by positive bias. The Nifty was looming around 5500 level. Tuesday's trade is expected to elate around 200-300 points.

At 10:45 am, BSE Sensex was at 18,129.81 down 197.95 points and Nifty was at 5,444.25 down 61.65 points.
10:45AM

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