The market has recovered from day''s low but is till trading in the negative territory. The broad based selling continued across the board but the It stocks are trading marginally lower on the back of modest weakening of dollar. The BSE Sensex open with a deep cut of more than 1000 points The market toady open with a deep cut of more than 1000 points on the back of SEBI''s announcement to restrict on the issuance of participatory notes.
The overall market breadth is extremely negative as 478 stocks are advancing while 1857 stocks are declining and 34 stocks remained unchanged on BSE.
At 12.30 pm, BSE Sensex was at 18,294.23 down by 757.63 points and Nifty was at 5,432.70 down by 235.35 points. The Mid cap is lower by 299.49 points at 7,483.18 and the small Cap dropped by 282.12 points to trade at 9,074.01.
BSE Banks index dropped by 740.99 points to trade at 9,233.14. The major losers are SBI (8.20%), ICICI Bank (8.19%), PNB (5%) and HDFC Bank (4.84%).
BSE Metal index dropped 1,116.57 points to trade at 15,040.10. The major losers are Tata Steel (7.71%), NALCO (6.67%), Hindalco industries (6.06%), SAIL (5.56%) and Sterlite Industries (4.54%).
BSE Oil & Gas index was trading 509.86 points lower at 10,484.66 as GAIL (7.37%), ONGC (7.14%), RPL (4.89%), HPCL (3.72%) and BPCL (2.85%) are trading lower.
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