Indian shares closed sharply lower on Monday extending a sell-off in equities across the globe. All sectoral indices posted significant losses but metals slumped the most. Markets across the world tumbled on concerns surging inflation may prevent the US Federal Reserve from lowering interest rates further to revive the economy from the housing and credit crisis. The 30-share BSE Sensex slumped 769.48 points or 3.84% to 19,261.35. It had hit a low of 19,177.19 in late trade. The Nifty declined 270.7 points or 4.48% to 5,777. Reliance Industries declined 3.86% to Rs 2,777.50. Tata Steel lost 6.15% to Rs 823.85, Sterlite Industries was down 8.45% to Rs 976.15, Nalco was down 6.87% to Rs 418.50, and Hindalco industries plunged 5.69% to Rs 200.65. Reliance Communications declined 5.55% to Rs 717.80. BHEL declined 5.32% to Rs 2,425.25. Larsen & Toubro was down 2.2% to Rs 4,082.10. Tata Motors declined 5.8% to Rs 701.25. Reliance Energy was down 4.22% to Rs 1,828.95, NTPC was down 7.3% to Rs 228.60, and Tata Power Company was down 0.39% to Rs 1,295.90. GV Films clocked the highest volume of 5.05 crore shares on the BSE. It declined 7.41% to Rs 11.12. IFCI clocked the second highest volume of 3.97 crore shares on BSE. It declined 4.62% to Rs 108.40. Harig Crankshaft declined 3.43% to Rs 3.94 and clocked the third highest volume of 3.8 crore shares. Ispat Industries declined 1.45% to Rs 77.90 and clocked the fourth highest volume of 3.77 crore shares. Bellary Steels declined 0.13% to Rs 7.93 and clocked the fifth highest volume of 2.6 crore shares.
Source: ICICIDirect.com
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