The BSE Sensex and NSE Nifty ended the day down 129 points and 41 points. Weak global cues pulled the markets down. Sensex closed at 17,391, while the Nifty closed at 5,275.
On the domestic front, stocks of the companies mentioned in the Intelligence Bureau report, were battered during the day’s trade. Some of them are TBZ which closed 6 per cent down at Rs 111.80 and Dewan Housing Finance Corporation fell 14.49 per cent.
Asian and European stocks tumbled as Japanese machinery orders fell the most in a decade. Asian markets were down by over 1.3 per cent and Asian markets were down 0.9 per cent. European markets were marginally down.
“The markets have fallen because of the disappointing data in the US. Also, after the gains from last week, some profit booking has happened,” said Mr Dipen Shah, Head of Fundamental Research, Kotak Securities.
The top gainers on the BSE were TCS, Dr Reddys Lab and Hindalco Industries, while the top losers were Hero MotoCorp, Jindal Steel and Tata Steel.