BSE's SENSEX closes below 14000 mark - 8/7/09

Bomabay Stock Exchange's(BSE) benchmark index SENSEX closed under 14000 mark as global environment is discouraging as US stocks shed more then 3 percent yesterday and major economies under great pressure, second largest economy of Japan is also facing tough conditions.

Most of FII sell their shares and BSE fell by over 400 pts today whereas NSE's Nifty fell 123 pts today as all the sub indexes were seen in red.

The details of BSE closing is as follows :

National Stock Exchange’s Nifty ended at 4078.90, down 123.25 points or 2.93 per cent. The broader index touched an intra-day low of 4061.10 and high of 4201.85.

Bombay Stock Exchange’s Sensex closed at 13,769.15, down 401.30 points or 2.83 per cent. The 30-share index hit a low of 13701.76 and high of 14039.58 in day’s trade.

The BSE Midcap Index was down 3.66 per cent and BSE Smallcap Index fell 3.73 per cent.

Major companies which were worst hit included Tata Steel, Sterlite Industries, DLF, Reliance Infrastructure and Larsen & Toubro were the worst hit.

Few of Nifty gainers were ACC, Maruti Suzuki, Hero Honda, Grasim Industries, and NTPC.

Fall in US markets on poor economic data and 3 per cent decline in Japanese machinery orders in May led to the onset of the fall back home. Below average rainfall in most parts of India also hurt sentiments.