The Sensex opened with a negative gap of 39 points at
15,293. The index rebounded into the positive zone to
touch a high of 15,379. The index mirrored trends in
Chinese markets and fell nearly 500 points from the
day's high, to a low of 1,888. The Shanghai Composite
dropped 264 points in the day and finally ended with a
loss of 172 points at 3,266 - due to fall in commodity
(copper) prices. Meanwhile, the Chinese government also reduced gasoline prices
by 3% citing lower demand from industries.
However, recovery in IT stocks and positive cues from the European markets
helped the indices recover partially. The Sensex finally ended at 15,173, down 158
points. The Sensex has, in the process, declined 206 points in the last three days.
The BSE realty, consumer durables and metal indices dropped 2-4% each.
The market breadth was fairly negative, Out of 2,724 stocks traded, 1,558 stocks
declined while 1,089 advanced. Meanwhile, the NSE Nifty ended with a loss of 51
points at 4,514.
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