Investors lose Rs 77,000 cr in mkt wealth

The 30-share index Sensex fell 298.16 points,or 1.83 per cent,to close at 16,030.09. The Sensex today touched 15,974.60-level in intra-day trade for first time after January 12,as foreign funds sold stocks. 28 out of 30 Sensex stocks ended with losses.

The 50-share Nifty lost 84.55 points,or 1.71 per cent,to 4,858.25.

Across the 2,831 counters traded on the Indian markets,1733 stocks declined while 983 shares ended with gains.

Among the blue-chips,Tata Motors was the worst performer dropping 7.34 per cent to Rs 269. The fall in Tata Motors’ shares was significant in dragging the key indices.

“The weakness in the market was on account of slump in the global markets on concerns of Greece going in for re-polls in June,” Motilal Oswal Securities Associate VP (Technical Equities) Shubham Agarwal said.

Markets showed negative movement on Greek political uncertainty and sharp depreciation in rupee,said Sharmila Joshi,Head (Equity),Fairwealth Securities. European markets were in the negative zone at open,which too added to the woes,she added.

Among major losers,Tata Steel was down 3.89 per cent,BHEL lost 3.74 per cent,HDFC shed 3.71 per cent and Hindalco went down by 3.28 per cent.