The market has recovered some of its early morning loss as significant buying witnessed in the selective scrips. The heavy selling witnessed in the Realty, Oil & Gas and Capital Goods stocks. The broader market is also trading in line with the benchmark index. The overall market breadth is negative, as 1,020 stocks are advancing while 1,711 stocks are declining and the 46 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 63.59 points at 9,276.42 and the BSE small Cap dropped by 72.55 points to trade at 12,667.74.
At 12.32 pm, BSE Sensex was at 19,675.71 down by 25.11 points whereas Nifty was at 5,900 down by 13 points.
BSE Capital goods index dropped 247.62 points to 18,684.20. The main losers are Siemens (1.75%), BHEL (1.74%), L&T (1.57%) and ABB (0.72%).
BSE Metal index fell 117.92 points to trade at 18,029.08. The major losers are Jindal Stainless (2.56%), Ispat Industries (1.84%), Sterlite Industries (1.47%) and Hindalco Industries (0.94%).
BSE Power index slipped by 33.30 points to trade at 4,435.56 as Crompton Greaves (2.88%), GVK Power (1.62%), Power Grid (1.54%) and Tata Power (0.73%) trading in red.
Reliance Energy is trading up by (2.27%) at Rs2,263 as the company came out with good quarterly numbers. It has posted a growth of 50% in net profits to Rs301.60 Crore for the third quarter ended December 2007 as against Rs 201.03Crore reported last year.
BSE IT index declined by 17.70 points to trade at 3,835.84 as Patni Computer (1.71%), TCS (0.83%), Wipro (0.64%) and Satyam (0.04%) trading in red.
BSE Banks index dropped by 120.49 points to trade at 11,850.65. The top losers are Bank of India (4.03%), Canara Bank (2.73%), Bank of Baroda (2.61%) and AXIX Bank (2.23%) are trading lower.BSE Oil & Gas index was trading 191.21 points lower at 13,190.16 as Indian Oil (2.22%), Cairn (2%), Reliance (1.38%), HPCL (0.56%) are trading in red.
The BSE Mid cap is lower by 63.59 points at 9,276.42 and the BSE small Cap dropped by 72.55 points to trade at 12,667.74.
At 12.32 pm, BSE Sensex was at 19,675.71 down by 25.11 points whereas Nifty was at 5,900 down by 13 points.
BSE Capital goods index dropped 247.62 points to 18,684.20. The main losers are Siemens (1.75%), BHEL (1.74%), L&T (1.57%) and ABB (0.72%).
BSE Metal index fell 117.92 points to trade at 18,029.08. The major losers are Jindal Stainless (2.56%), Ispat Industries (1.84%), Sterlite Industries (1.47%) and Hindalco Industries (0.94%).
BSE Power index slipped by 33.30 points to trade at 4,435.56 as Crompton Greaves (2.88%), GVK Power (1.62%), Power Grid (1.54%) and Tata Power (0.73%) trading in red.
Reliance Energy is trading up by (2.27%) at Rs2,263 as the company came out with good quarterly numbers. It has posted a growth of 50% in net profits to Rs301.60 Crore for the third quarter ended December 2007 as against Rs 201.03Crore reported last year.
BSE IT index declined by 17.70 points to trade at 3,835.84 as Patni Computer (1.71%), TCS (0.83%), Wipro (0.64%) and Satyam (0.04%) trading in red.
BSE Banks index dropped by 120.49 points to trade at 11,850.65. The top losers are Bank of India (4.03%), Canara Bank (2.73%), Bank of Baroda (2.61%) and AXIX Bank (2.23%) are trading lower.BSE Oil & Gas index was trading 191.21 points lower at 13,190.16 as Indian Oil (2.22%), Cairn (2%), Reliance (1.38%), HPCL (0.56%) are trading in red.
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