Sensex down by 580.09 points

Mumbai, Nov 19 (Agency) After three days of rally, the BSE Sensex on Thursday dropped by 580.09 points to settle at 43,599.96 as selling was seen in Bankex, Finance, Telecom and Metal stocks. The Nifty of the National Stock Exchange(NSE) too eased by 166.55 points at 12,771.70 points. The day opened on a weak note, as the Sensex tumbled down by 278 points to 43,902.24 . It nosedived nearly 662 points to 43,518.11 before closing at 43,599.96 down by 580.09 points from its previous close. The Sensex registered the days high and low at 44,230.00 and 43,518.11 points respectively.

The Nifty recorded the days high and low at 12,963 and 12,745.75 points respectively. The sectoral indices that dragged the market were Bankex, Finance, Telecom, Metal and Materials stocks. The scrips that fell were SBI by 4.84 percent to close at Rs 239.85 the top loser, followed by ICICI Bank, Axis Bank, Ultracemco and Bajaj finance. The Mid Cap down by 0.65 percent while the Small Cap rose by 0.03 percent. In 30 scrips, 9 advanced while 21 declined.