A maturing market amid the mayhem
Sensex drops 292 points
The Sensex closed 1.97 pct down at 14,494, while the Nifty slipped 100 points to 4,291.
Losses in stocks like Reliance Industries, ICICI Bank and L&T weighed on the benchmark.
Top listed realty firm DLF dropped over 8 percent to end as the top Sensex loser, followed by Tata Motors which fell 7.2 percent.
Realty stocks took a beating in trade with their sectoral index slipping 7.4 percent. HDIL dropped over 12 percent, while Unitech was down 6.6 percent.
All other sectors succumbed to pressure and ended in the red with the metals, power and capital goods indices slipping over 3 percent each.
Suzlon Energy ended down over 11 percent to close at 103.7 rupees. It was the second most traded stock on the BSE.
Though it was a bad day for the stock market, the Sensex still managed to register its best quarterly rise in 17 years.
Do you think the Budget announcements can change the course of the market or will profit-booking continue?