Mumbai, The benchmark index of Bombay Stock Exchange (BSE) on Monday tumbled down by 416.46 points to settle at 41,528.91 on profit booking by local opertors at higher level amid weak European cues. The National Stock Exchange (NSE) too fell by 121.60 points to 12,230.75. The Nifty registered days high and low at 12,430.50 and 12,216.90 points respectively.
The Sensex opened on a strong note at 42,263, jumping by 318 points. It was at 42,273.87 pts, day high, up by 328 points. Later, it nosedived nearly 442 points to 41,503.37 day low before closing at 41,528.91, down by 416.46 points from its last close.
The sectoral indices like Energy, Finance, IT, Auto, Bankex, Oil and Gas and Technology dragged the market. In scrips, Kotak Bank, Reliance Indistries,
ONGC, TCS and NTPC declined during the day. The S&P BSE Mid-Cap index fell 0.57 pc while the S&P BSE Small-Cap index lost 0.39 pc.
The market breadth was weak. On the BSE, 954 shares rose and 1575 shares fell. A total of 183 shares were unchanged. In Nifty 50 index, 15 stocks advanced while 34 stocks declined and 1 stock was unchanged. European shares were trading lower while most shares in Asia ended higher on Monday. The moves came as the People's Bank of China kept the one year and five year loan prime rates unchanged for January.