Sensex sheds 379 points; Nifty ends below 15,200

ONGC was the top gainer, rallying around 8%. NTPC, Asian Paints, Tech Mahindra, PowerGrid and IndusInd Bank were among the other winners

21/09/2010 MUMBAI:A security grad putting a bracket at the Bombay Stock Exchange on September 21, 2010. The BSE benchmark Sensex shot up by over 135 points to regain the magical 20,000-level in the opening trade today for the first time since January 17, 2008 Photo: Paul Noronha

Equity benchmark Sensex tumbled 379 points on February 18, tracking losses in index heavyweights HDFC twins, ICICI Bank and Reliance Industries amid a weak trend in global markets.

The 30-share BSE index ended 379.14 points or 0.73% lower at 51,324.69. Similarly, the broader NSE Nifty dropped 89.95 points or 0.59% to 15,118.95.

Bajaj Finance was the top laggard in the Sensex pack, skidding over 2%, followed by Kotak Bank, Nestle India, HDFC, M&M and ICICI Bank.

ONGC was the top gainer, rallying around 8%. NTPC, Asian Paints, Tech Mahindra, PowerGrid and IndusInd Bank were among the other winners.

According to analysts, profit-booking in private banks, auto and FMCG dragged the benchmarks.

Indian markets could not sustain early gains and started trading in negative zone in the afternoon session as selling pressure was witnessed following weak global cues mainly from western markets as investors awaited key economic data, said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.

Elsewhere in Asia, Shanghai ended on a positive note, while bourses in Hong Kong, Tokyo and Seoul were in the red.

Stock exchanges in Europe were largely trading in the negative terrain in mid-session deals.

Meanwhile, the global oil benchmark Brent crude was trading 0.48% higher at $64.65 per barrel.