Major index heavyweights in auto, banking, metal and capital goods sectors took a pounding on the markets today, bringing the Sensex down by more than 170 points.
The negative sentiment sweeping across these sectors was evident from the fact that all the stocks constituting two of these indices were down. In case of the other two, only Bosch and Cummins in the auto index were in the green while the gainers in the capital goods space just made it.
Bosch was up by Rs 43.45 to Rs 8,831.70 and Cummins India was up by just Rs 2.60 at Rs 469.95.
In the auto index, the major losers were Bajaj Auto, down by Rs 26.55 at Rs 1,598.60; Hero MotoCorp that was down by Rs 13.50 at Rs 1,953.85, M&M which lost Rs 11.65 at Rs 683.75, Maruti which was down by Rs 10.95 at Rs 1,114 and Tata Motors that shed Rs 5.20 at Rs 218.
Bankex stocks in red
In the Bankex, all the 14 stocks were trading in the negative zone. Axis Bank was down by Rs 24.35 at Rs 1,033.35, ICICI Bank shed Rs 22.75 at Rs 935.95 and SBI was a major loser at Rs 1,981,shedding Rs 33.65. But HDFC Bank, Federal Bank and Union Bank suffered only minor losses.
In the capital goods space, barring L&T which lost Rs 29.05 at Rs 1,360.20 and Bharat Electronics which shed Rs 11.30 at Rs 1274.25, the losses of others were in single digits. The gainers – Havell’s India, Jindal Saw and Pipavav Defence were up but by less than a Re 1 each.
In Metals, the major losers were JSW Steel which was down by Rs 19.45 at Rs 680.50 and Tata Steel that shed Rs 12.20 at Rs 393.70. All the nine others limited their losses to less than Rs 10 each.