The BSE Sensex was down 746.75 points, or 3.73%, to 19,284.08 on concerns surging inflation in the US may prevent Federal Reserve from lowering interest rates enough to pull the US economy out of the grip of a housing and credit crisis. A gap-down opening in European markets also intensified the fall.The BSE Metal index slumped 7.22% to 18,335.86. Jindal Saw slumped 10.12% to Rs 929, Sterlite Industries fell 9.04% to Rs 969.90, Tata Steel fell 6.93% to Rs 817, National Aluminium Company (Nalco) declined 6.55% to Rs 419.90, and Steel Authority of India fell 8.59% to Rs 255.85.
The BSE Oil & Gas index declined 5.16% to 12,311.68. HPCL slumped 9.21% to Rs 294.60, ONGC fell 6.60% to Rs 1157, GAIL (India) declined 3.46% to Rs 497 and Reliance Industries 4.02% to Rs 2773.
The BSE Capital Goods index shed 3.54% to 19,158.78. Bharat Heavy Electricals gave away 6.03% to Rs 2407, Alstom Projects shed 3.47% to Rs 1003.90, Siemens fell 2.76% to Rs 1868.50, and Larsen & Toubro fell 2.21% to Rs 4082.
The BSE Bankex fell 3.79% to 10,905.88. ICICI Bank shed 3.20% to Rs 1168.25, Kotak Mahindra Bank slumped 8% to Rs 1162, Allahabad Bank tumbled 5.82% to Rs 114.20, Oriental Bank of Commerce fell 6.35% to Rs 257.50 and State Bank of India declined 3.84% to Rs 2315.
The BSE Auto index fell 3.16% to 5,562.50. TVS Motor shed 7.82% to Rs 71.35, Hindustan Motors fell 6.75% to Rs 47, Apollo Tyres slumped 6.45% to Rs 47.85, Maruti Suzuki fell 3.11% to Rs 1009.95 and Tata Motors fell 6% to Rs 700.05.
The BSE IT index fell 1.90% to 4,178.62. Financial Technologies declined 6.18% to Rs 2440, Tech Mahindra fell 4.21% to Rs 1070, TCS declined 3.11% to Rs 1012, Wipro fell 2.02% to Rs 485.20 and Infosys Technologies fell 1.93% to Rs 1615.
The BSE Realty index shed 5.65% to 11,699.65. Puravankara Projects slumped 10% to Rs 461, Mahindra Lifespace Developers fell 9.18% to Rs 760, Indiabulls Real Estate gave away 7.21% to Rs 687.05, DLF shed 6.97% to Rs 950 and Unitech fell 3% to Rs 464.
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