Indian banks, real estate, and IT outsourcing pull down Sensex
Babu Ghanta
Dec. 26, 2008

Sensex is maintaining its bearish down ward trend in its journey below 3,000 by end of 2009. Ina volatile session, the index finally ended with a loss of 240 points at 9,329. The selling intensified in late noon deals amid talks of a possibility of war with Pakistan. The index tumbled to a low of 9,295 - down 411 points from the day's high. The market breadth was fairly negative - out of 2,532 stocks traded so far, 1,598 declined, 865 advanced and 69 were unchanged.

The BSE IT and Realty indices dropped nearly 4% each to 2,149 and 2,201, respectively. The Bankex shed 3% at 5,211.

Infosys and ICICI Bank plunged over 5% each to Rs 1,110 and Rs 418, respectively. Mahindra & Mahindra tumbled 4.7% to Rs 266. Hindalco, Jaiprakash Associates, ONGC and BHEL dropped around 4% each to Rs 49, Rs 74, Rs 644 and Rs 1,300, respectively.

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