Terror Thursday.. Sensex lose 454 points, Nifty lose 137 points

Bears were charged up all through the day and dragged the Indian markets to end today's session deep in red. A massive sell-off was seen across the board as investors pressed the panic button citing reasons like political instability and series of scams. Fears of foreign fund withdrawals in the absence of any positive trigger also led the Indian markets fall drastically.

The Sensex shed more than 500 points during the day. The Nifty closed below 5800 - another psychologically important level, which even tested 5750 level in an intraday trade. Several stocks locked at lower circuits, which pushed the BSE Midcap and Smallcap indices down by 4.48% & 5.92%, respectively.

Financial, metal, realty, telecom, oil & gas and auto companies' shares took heavy beating on the exchanges followed by Midcaps and Smallcaps as well. Broader indices saw big crack today, in fact more than benchmarks. In Midcap space, StanChart IDR, Amara Raja Batteries, Kirloskar Brothers, IRB Infrastructure and Den Networks gained between 0.5-2.5% while Glodyne Technoserve Developers, Sunteck Realty, Amtek Auto, Hindustan Oil Exploration, KS Oils and Gitanjali Gems crashed in the range of 12.5-20%.

The Sensex began the session 50 points higher at 19746 and soon hit the day's high of 19771 in initial trade. The index slipped from the day’s high and traded in the negative zone all through the morning session. The Sensex continued its southbound journey in the afternoon session owing to heavy selling across the board. In late trade, the Sensex hit the day’s low of 19161 as huge sell-off was witnessed especially in consumer durables and realty stocks.

At finishing line, the Sensex closed at 19242, down by 454 points and the Nifty shut 137 points lower, at 5767.

Bond & Rupee update: India’s 10-year bonds dropped for a second day before the central bank buys back Rs120 billion ($2.7 billion) of securities to ease a cash crunch in the banking system.

Rally continues; Sensex up 329 points, Nifty up 98 points.

Bulls continued its strong run for the third straight day as the Indian markets witnessed a stellar rally in today’s trade led by upbeat economic data across the globe. World markets rose after China posted better-than-expected factory production data in November - rising to a seven-month high at 55.2, factory production in India also expanded in November at its fastest pace in six months, while euro zone manufacturing grew at its quickest rate in four months. Strong auto sales numbers by top Indian auto firms also supported the rally. The broad markets outperformed the key benchmark indices in today’s trade. The Nifty regained its psychological levels of 5900. The buying was seen in all sectors.

The BSE Midcap rose by 2.5% and BSE Smallcap surged by 3%. Among frontliners, Suzlon Energy, Reliance Capital, Cipla, Tata Steel, Bharat Petroleum Corporation, Hindalco Industries, Reliance Communications and State Bank of India were the major gainers.

The Sensex started the day mere nine points higher at 19530 tracking unsupportive Asian markets. The index hit the day’s low of 19525 in its initial trade. The Sensex gathered momentum and traded in the positive zone all through the morning session. The Sensex extended gains in the afternoon trade taking lead from the positive European markets. The Sensex hit the day’s high of 19887 in the late trade as strong buying was witnessed in metal, realty stocks and also in index heavyweights.

At the finishing line, the Sensex closed at 19850, higher by 329 points. The Nifty shut at 5961, up by 98 points.