Indian stock market belled the day negatively after falling 2.45% during its last closure tracking depressing signs from worldwide shores sparked by fresh worries that the global banking crisis may be far from over.

The 30-share index, BSE Sensex, today (Wednesday, Jan 21) opened at 8,900 after losing 199.77 points.

Indian equities opened the day sluggishly following negative global signals.

Among the prominent losers this morning, realty, banking, metal and oil & gas stocks topped the list with sharp losses.

Auto, power, PSU, information technology, telecom, pharma and FMCG stocks were also down.

Mirroring heavy selling action, all the sectoral indices were trading in the red zone with heavy losses.

Indian equities belled the week on a positive note in line with global peers.

Metal, oil and select capital goods, power segments edged higher this morning, while realty, pharma and IT went down.

BSE Midcap and Smallcap index gained 0.78% and 0.76% respectively as a host of stocks from these segments climbed on keen buying enquiries.

Asian stocks also gained led by higher commodity prices. US plans to shore up the world’s largest economy, a weaker yen boosted the positive sentiments.

Indian equities on Tuesday (Jan 13) ended the day on a negative note.

The BSE barometer opened weak following global cues, but better-than-expected results from technology giant Infosys turned out a good enough trigger for the stock market to make recovery after an early setback.

IT stocks outperformed, while banking, metal and oil & gas stocks went down.

Among the sectoral indices, BSE IT climbed 4.71%, whereas BSE Oil & gas, Bankex and Metal declined more than 1% each.  

After trading sluggishly for the whole day, the 30-share index BSE Sensex closed the day (January 12) with a huge loss of 296.42 points at 9110.05.

In contrast, the broad-based Nifty closed at 2773.10, down 99.90 points, after touching an intra-day low of 2748.55.

Despite making some moderate recovery during the final hour of closing on Friday (Jan 09), the 30-share index BSE Sensex ended the week on a negative note.

Second line stocks saw heavy selling pressure. Metal and realty stocks were hammered badly on Friday.

For the week ended December 27, India’s benchmark wholesale price index (WPI), inflation declined to 5.91 percent as compared to 6.38 percent during the last week.

During the same period of the last year, the inflation was at 3.83%.