The market is slipping in the red territory amidst selling pressures. Metal and Realty stocks have felt the heat of selling pressures as these stocks had picked up well in the past couple months and were highly overvalued. The market is now highly volatile as fresh buying is negligible on the back of weak global cues. The Mid cap and small cap stocks have lost immensely in the past few days. Now the Mid cap and Small cap index are low by 407.82 points and 580.54 points at 8,485.89 and 11,579.91 respectively.
The overall market breadth is negative as 280 stocks are advancing while 2378 stocks are declining and 19 stocks remained unchanged on BSE.
At 12.32 pm, BSE Sensex is low by 683.99 points at 18,329.71, while Nifty lost 246.25 points at 5459.05.
BSE Metal index is low by 1,015.60 points at 116,243.20. Sesa Goa, SAIL and JSW SL are low by 6.68%, 5.64% and 7.86% at Rs. 2,999.80, Rs. 220.95 and Rs. 1,010 respectively.
BSE Realty lost 732.80 points at 11,288.94. This sector has felt the worst hit after the market started crumbling since last week correction. The majority of Realty stocks were highly over valued and the housing slow down in U.S. coupled with the surging domestic interest rates pulled the sentiments of Realty stockholders.
BSE CG fell by points at 20,484.33. ABB, Praj Industries and Punj Loyd are low by 7.26%, 7.38% and 6.14% at Rs. 1,265, Rs. 184.5 and Rs. 470.05 respectively.
The overall market breadth is negative as 280 stocks are advancing while 2378 stocks are declining and 19 stocks remained unchanged on BSE.
At 12.32 pm, BSE Sensex is low by 683.99 points at 18,329.71, while Nifty lost 246.25 points at 5459.05.
BSE Metal index is low by 1,015.60 points at 116,243.20. Sesa Goa, SAIL and JSW SL are low by 6.68%, 5.64% and 7.86% at Rs. 2,999.80, Rs. 220.95 and Rs. 1,010 respectively.
BSE Realty lost 732.80 points at 11,288.94. This sector has felt the worst hit after the market started crumbling since last week correction. The majority of Realty stocks were highly over valued and the housing slow down in U.S. coupled with the surging domestic interest rates pulled the sentiments of Realty stockholders.
BSE CG fell by points at 20,484.33. ABB, Praj Industries and Punj Loyd are low by 7.26%, 7.38% and 6.14% at Rs. 1,265, Rs. 184.5 and Rs. 470.05 respectively.
No comments:
Post a Comment