New Delhi: The Bombay Stock Exchange's benchmark Sensex lost 138.30 points to close at 8,823.31 as funds and general investors resorted to panic selling, pulling down most of the blue-chip stocks.
After opening at 9,010.73 points on scattered buying, the 30-share index attracted profit booking, particularly from foreign investors, following reports about a move to levy hefty stamp duty on their deals.
The selling pressure sent the sensitive index on a downward spiral, recording an intra-day loss of 158.24 points to 8,803.37. But it recovered and ended the day at 8,823.31, restricting the loss to 138.30 points over the previous day's
close.
The selling pressure also influenced trading at the wide-based National Stock Exchange, as its index Nifty recorded a loss of 37.45 points at 2,660.50.
The major draggers on the index were most of the cement stocks besides Sensex-heavy BHEL, Reliance Industries, Infosys, Housing Development Finance, Wipro, Cipla, Dr Reddy's Lab and Ranbaxy.
(With inputs from PTI)
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