Mumbai: Shares met with heavy all-round selling and declined sharply at the Bombay Stock Exchange (BSE) on September 18, pulling the SENSEX sharply down by another 101.20 points to end at 4134.15.

A sharp decline in the SENSEX could be gauged by steep losses in 29 out of 30 index-based counters including heavyweights like RIL, HLL, Infosys Tech, SBI, Telco, Tisco, Grasim, Dr Reddy, Ranbaxy, HDFC, HCL Techno, Hero Honda, ITC, L&T and MTNL. Only HPCL managed to close in positive terrain.

Local funds continued to be all-round seller in the absence of any follow-up support from Foreign Institutional Investors (FIIs), causing prices to fall sharply.

The market, which opened on a positive note, soon met with heavy selling and declined sharply to end with notable losses over the previous close.

Mirroring the trend, the BSE-30 share sensitive index opened slightly better at 4243.01 as against yesterday's close of 4235.35 and immediately touched a high of 4251.54. Later, it met with strong resistance and dipped to a low of 4126.22 before closing at 4134.15, a fall of 2.39 per cent.

The broad-based BSE-100 index also dropped by 65.94 points to end at 2111.63 from previous close of 2177.57.

Majority of Public Sector Undertakings (PSUs) stocks remained in doldrums on heavy offerings by local funds and operators. As a result the BSE-PSU index tumbled further by 106.23 points or 3.89 per cent to close at 2621.94 as against previous cse of 2728.17.

Cement, Steel, Banking and pharma stocks also suffered a fresh setback on profit selling.

PTI