Sensex breaks winning streak, ends down 337pts

Courtesy : BS Reporter 

The Sensex today opened up 73 points at 11,358 on the back of follow-up buying this morning. The index soon touched a high of 11,367. However, the index could not hold gains and slipped into negative zone owing to profit-taking.

  

Twice during the day the index tried to recover but eventually tumbled to a low of 10,900. The Sensex finally ended with a loss of 337 points at 10,947.

In the process, the index today broke its eight-day winning streak  - wherein the index had gained 18% (1,717 points).

The BSE Mid-cap and Small-cap indexes dropped over 4.5% each to 3,439 and 3,929, respectively.

The BSE Realty index slumped over 9% to 2,101. The Metal index shed 7% at 6,905. The Oil & Gas and Power indices declined around 4.5% each to 7,901 and 2,071, respectively. The FMCG index, however, rallied nearly 2% to 2,101.

The market breadth was fairly negative, with more the two declining stocks for every advancing share. Out of 2,653 stocks traded, 1,742 declined, 851 advanced and 60 were unchanged today.