Black Friday: Sensex closes below 16000 mark

Mumbai: The markets closed with huge losses inline with its Asian peers. Markets across Asia closed in red on weak cues from US on account of credit concerns.

Even on weekly basis markets have shaved with Sensex down nearly 9.5%. Realty index down 19% and bankex down 17%. Today, Sensex closed at the lowest level since 2007. Nifty slipped below 4,800 levels and Sensex has breached 16,000 mark.

All the BSE sector indices ended in deep red. Bank, capital goods, power and realty stocks were the worst hit.

Adlabs, Ess Dee, Spice Jet, Mundra Port, Chambal Fertiliser, Welspun Gujarat were the top laggards.

Bajaj Auto, ICICI Bank, Reliance Energy and Siemens werre biggest losers.

Sensex closed down 566.56 points or 3.42% at 15975.52, and the Nifty down 149.80 points or 3.04% at 4771.60.

About 433 shares have advanced, 2560 shares declined, and 55 shares are unchanged.

The BSE Midcap Index ended at 6,804.39 down 4.4%. The BSE Smallcap Index ended at 9,595.41 down 4.6%.

The BSE Bankex ended at 8,477.46 down 5%. Bank of India, Andhra Bank, Kotak Mahindra, Oriental Bank, Allahabad Bank moved downwards.

The BSE Capital Goods Index closed down 4.5% at 14,025.12. Astra Microwave, BEML, Crompton Greave, Thermax, Greaves Cotton, Areva T&D closed lower.

The BSE Auto Index closed at 4,634.70 down 4.4%. Escorts, TVS Motor, Amtek Auto, Cummins, Punj Tractors, MRF closed lower.

The BSE Metal Index closed at 15,453.60 down 3.5%. Hind Zinc, Sterlite, NALCO, Shree Precoated, Mah Seamless, Jindal Steel, Jindal Saw, JindalStainless closed lower.

The BSE FMCG Index closed down 1.1% at 2,207.71. Colgate, ITC, Bata India, Godrej Consumer, HUL, GlaxoSmith Con closed lower.

BSE Oil and Gas Index closed at 10,022.91 down 3%. GAIL, Reliance Natura, HPCL, RPL,ONGC, Reliance, ONGC ended in red.

BSE power index closed at 3,155.16 down 5.6%. Torrent Power, NTPC, Reliance Energy, Tata Power, Power Grid Corp, Crompton Greave ended in red.

The BSE IT Index was down 3% at 3,638.44. I-Flex Solution, Patni Computer, Financial Tech, Mphasis, Tech Mahindra, TCS, Infosys closed lower.

The NSE cash turnover was at Rs 14948.3 crore and the NSE F&O turnover was at Rs 38712.25 crore. The BSE cash turnover was Rs 6261.94 crore. Total market wide turnover was at Rs 59922.49 crore.