The Sensex closed down 361 points at 57629 after a 905-point plunge.

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Credit Suisse to buy UBS despite gaps in bond market

MUMBAI: As the crisis in the global banking-financial markets deepens and in an attempt to calm volatility, now in Europe UBS's decision to take over Switzerland's Credit Suisse for $3.25 billion is coming, the time has come for holders of Credit Suisse's $17 billion bonds to withdraw, amid a crisis of confidence in global bond markets. Today, the Indian stock markets also took a beating as global banking-finance stocks fell to new lows. In finance, banking stocks include Bajaj Finance, Bajaj Finserv behind State Bank of India, IndusInd Bank in IT stocks with Wipro, Tech Mahindra, Infosys, HCL Technology, TCS in auto stocks with Tata Motors, Maruti Suzuki offloading and Reliance Industries, Tata Steel, Larsen And Toubro, Ultratech Cement, HDFC Bank, Bharti Airtel, among others, sold the Sensex at one point down 904.99 points to 57084.91. With the covering in the last hour, the attractiveness of the FMCG stocks finally digested the big fall and closed down by 360.95 points to close at 57628.95. While the Nifty spot lost the level of 17000 and at one time broke down by 271.70 points and fell to 16828.35, and finally in recovery it fell by 111.65 points to close at 16988.40.

Bajaj Finance falls by Rs.182 to Rs.5550: Bajaj Finserv by Rs.55, Ujjivan Fi. Rs.14 broke

Amid the global financial, banking crisis, there were big gaps in finance stocks in Indian markets today. Bajaj Finserv fell by Rs.55.25 to Rs.1245.80, Bajaj Finance fell by Rs.182.20 to Rs.5550.60, Mahindra & Mahindra Finance fell by Rs.9.95 to Rs.226, Poonawala Fin fell by Rs.11.45 275.95, Max Financial fell by Rs.28.65 to Rs.616.30, Edelweiss fell by Rs.2.26 to Rs.53.25, Five-Star Business fell by Rs.28.45 to Rs.502.25, Fino Payments fell by Rs.8.05 to Rs.198.95, Monarch Net Worth fell by Rs.8.15 to Rs.203.35, Power Finance fell by Rs.5.05 to Rs.150.85, Nahar Capital fell by Rs.7.95 to Rs. .255.50 remained. Along with this, among other banking stocks, Bandhan Bank fell by Rs.5.95 to Rs.201.50, State Bank of India fell by Rs.10.10 to Rs.519.10.

Funds re-enter small, mid-cap stocks, large sell-off by players: 2571 stocks close negative

At the beginning of the new week, the market breadth turned negative with Sensex, Nifty based Kadaka again selling small, mid cap, funds in cash stocks, high net worth investors. Out of the total 3752 scrips traded in BSE, the number of gainers was 1072 and the number of decliners was 2571.

FII/FPI's net sale of Rs.2546 crore in cash : DII's net purchase of Rs.2877 crore

Foreign Portfolio Investors (FPIs), Foreign Institutional Investors (FIIs) sold shares worth Rs.2546 crore in the cash segment today-Monday. A total of Rs.7293.76 crore was sold against a total purchase of Rs.4747.89 crore. While DII-domestic institutional investors made a net purchase of Rs.2876.64 crore. A total of Rs.6228.73 crore was sold against a total purchase of Rs.9105.37 crore.

Investors' wealth fell by Rs 2.09 lakh crore to Rs 255.43 lakh crore in a single day

Over the weekend Sensex, Nifty based Kadaka along with a number of small, mid cap, funds in cash stocks, followed by widespread selling of players, the wealth of investors in BSE listed companies i.e. the aggregate market capitalization today fell by Rs 2.09 lakh crore to Rs 255.43 lakh crore in a single day. Lakh crore was left.

Offloading in IT stocks amid crisis: Vakrangi, Black Box, Emphases, Coforge, Tanla break

Amid crisis in global banking, finance sector, funds were selling in IT stocks on the expectation of reduced business opportunities in the IT sector in the coming days. Wakrangi fell by 56 paisa to Rs.18.56, Black Box by Rs.4 to Rs.84.90, Emphasis by Rs.63.50 to Rs.1824.40, Coforge by Rs.126.15 to Rs.3772.85, Tanla Platforms by Rs. 18.95 down to Rs.572.45, Wipro down by Rs.9.25 to Rs.367.20, Zensar Tech down by Rs.7.50 to Rs.270.25, Tata Alexi down by Rs.110.20 to Rs.6044, Tech Mahindra fell by Rs.17.45 to Rs.1108.95, HCL Technology fell by Rs.16.75 to Rs.1091.50, Infosys fell by Rs.17.05 to Rs.1403.80, TCS fell by Rs.37.75 to Rs.3141 .20 remained. The BSE IT index lost 365.61 points to close at 28228.17.

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