Sensex plunges to close around 350 points lower

Indian markets closed sharply lower for second consecutive day as investors booked profits after a sharp rise in the benchmarks. Poor

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monsoon and weak global markets played the spoilsport. ( Watch )

Bombay Stock Exchange’s Sensex closed at 15152.69, down 361.34 points or 2.33 per cent. The index touched an intra-day low of 15104 and high of 15501.94.

National Stock Exchange’s Nifty ended at 4474.35, down 111.15 points or 2.42 per cent. The broader index hit a low of 4463.95 and high of 4591.90.

BSE Midcap Index was down 2.36 per cent and BSE Smallcap Index declined 2.01 per cent.

Amongst the sectoral indices, BSE Auto Index fell 4.03 per cent, BSE Realty Index slipped 3.31 per cent and BSE Bankex declined 2.88 per cent.

Reliance Communications (-6.12%), Maruti Suzuki (-5.87%), Mahindra & Mahindra (-5.56%), Jaiprakash Associates (-5.53%) and Tata Power (-5.06%) were amongst the Sensex losers.

NTPC (0.38%) was the only Sensex gainer.

Market breadth was negative on the BSE with 1919 declines and 748 declines.