Sensex dips 370 pts at 11k

MUMBAI: The Bombay Stock Exchange’s Sensex ended down 370 points to 11,001.75 on Tuesday. Whereas the National Stock Exchange’s Nifty closed at 3360.10, down 109.90 points or 3.17 per cent. The markets were down due to funds and general investors sold aggressively blue-chip stocks, principally of realty firms and banks. The key index has gained 35 per cent since sliding to its lowest in the year on March 9, making India one of the 10 best-performing stock markets in the world. Selling pressure increased as major market players squared up pending positions ahead of the expiry of April contracts in derivatives.

Apart form it, fears about the swine-flu epidemic impacting world trade, dampened the sentiment. Profit-selling was mainly in the stocks of banking, metals and capital goods, which was in the limelight for a long time. The realty sector index was the major loser as barring Akruti City, all the other 13 index constituents suffered heavy losses.
Jaiprakash Associates (0.08%) and Maruti Suzuki (0.04%) were the only gainers in the 30-share index. DLF (-8.35%), Reliance Infrastructure (-7.57%), Sterlite Industries (-7.54%), Tata Steel (-7.5%), Reliance Communications (-7.05%) were in the losers list.