Sensex ends below 60K level at 59,984.70; 1158.63 pts down

Mumbai, Oct 28 (FN Agency) The BSE Sensex on Thursday tanked another 1158.63 pts to close at 59,984.70 following heavy selling across the board amid weak global cues. The Nifty of National Stock Exchange (NSE) too slid by 353.70 pts at 17,857.25. The day opened on a negative note, as BSE Sensex fell by 62 pts at 61,081. During the day it was dropped nearly 1366 pts at 59,777.59, days low, before closing below 60K level at 59,984.70, tumbling down 1158.63 pts from its previous close. The Sensex registered days high and low at 61,081.00 and 59,777.58 pts respectively. The Nifty recorded days high and low at 18,190.70 and 17,799.45 pts respectively.

The sectoral indices like Realty, Bankex, Power, Utilities and Metal were largely affected. Realty was a major loser in stocks, as it dropped by 3.75 % followed by Bankex by 3.36 %, Power by 2.80 %, Utilities by 2.68 % and Metal by 2.51 %. In scrips, ITC was a major loser, down by 5.58 % to Rs 225.10 followed by ICICI Bank by 4.10 % to Rs 801.10, Axis Bank and HDFC Bank. The Mid Cap declined by 1.38 % and Small Cap by 1.56 %. In 30 scrips, 5 advanced while 25 declined. The domestic market was seen weak for another session today, tracking cues from weak Asian and European markets ahead of a policy update from the European Central Bank. Globally investors are on the edge awaiting the US GDP data releasing later in the day along with the outcome of the Fed meeting scheduled for next week.