The market has lost further ground and is trading lower on account of heavy selling continued across the board. The broader market however trading lower in comparison to the benchmark index. The Metal, Capital Goods, Realty and Oil & Gas stocks are the worst performer of the day. The overall market breadth remains negative, as 355 stocks are advancing while 2,155 stocks are declining and the 32 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 253 points at 7,768 and the BSE small Cap slipped by 319 points to trade at 10,102.
At 12.32 pm, BSE Sensex was at 17,569 down by 793 points and Nifty was at 5,111.65 down by 271.70 points.
BSE Metal index dropped 861.72 points to trade at 14,742.07. The major losers are SAIL (10.39%), NALCO (7.74%), Tata Steel (5.03%) and Hindalco Industries (4.02%).
BSE Capital goods index slipped 888.38 points to 16,574.802. The main losers are ABB (6.68%), BHEL (6.35%), Siemens (4.43%) and L&T (4.02%).
BSE Banks index declined by 422.50 points to trade at 10,957.27. The top losers are SBI (8.18%), HDFC Bank (6.41%), ICICI Bank (4.04%) and PNB (3.89%) are trading lower.
BSE Oil & Gas index was trading 606 points lower at 10,591.84 as Cairn India (7.50%), BPCL (6.83%), RPL (6.36%) and ONGC (6.30%) are trading in red.
BSE IT index declined by 206.52 points to trade at 3,593.84 as HCL Technologies (7.60%), Infosys Technologies (7.11%), TCS (6.67%) and Wipro (5.56%) are trading in red.BSE Power index fell by 189.29 points to trade at 3,782.80 as Suzlon Energy (7.35%), NTPC (6.73%), Reliance Energy (3.35%) and Tata Power (2.15%) are trading in red.
BSE Health Care index declined by 114.13 points to trade at 3,577.85 as Dr. Reddy (9.27%), Ranbaxy (4.61%), GSK (3.31%) and Sun Pharma (2.66%) are trading lower.Dr. Reddy''s Lab has reported a 91% decline in net profit for the quarter ended December 2007. It has posted a net profit of Rs42.29 crore for the quarter ended December 2007 as against Rs503.40 crore last year.
The BSE Mid cap is lower by 253 points at 7,768 and the BSE small Cap slipped by 319 points to trade at 10,102.
At 12.32 pm, BSE Sensex was at 17,569 down by 793 points and Nifty was at 5,111.65 down by 271.70 points.
BSE Metal index dropped 861.72 points to trade at 14,742.07. The major losers are SAIL (10.39%), NALCO (7.74%), Tata Steel (5.03%) and Hindalco Industries (4.02%).
BSE Capital goods index slipped 888.38 points to 16,574.802. The main losers are ABB (6.68%), BHEL (6.35%), Siemens (4.43%) and L&T (4.02%).
BSE Banks index declined by 422.50 points to trade at 10,957.27. The top losers are SBI (8.18%), HDFC Bank (6.41%), ICICI Bank (4.04%) and PNB (3.89%) are trading lower.
BSE Oil & Gas index was trading 606 points lower at 10,591.84 as Cairn India (7.50%), BPCL (6.83%), RPL (6.36%) and ONGC (6.30%) are trading in red.
BSE IT index declined by 206.52 points to trade at 3,593.84 as HCL Technologies (7.60%), Infosys Technologies (7.11%), TCS (6.67%) and Wipro (5.56%) are trading in red.BSE Power index fell by 189.29 points to trade at 3,782.80 as Suzlon Energy (7.35%), NTPC (6.73%), Reliance Energy (3.35%) and Tata Power (2.15%) are trading in red.
BSE Health Care index declined by 114.13 points to trade at 3,577.85 as Dr. Reddy (9.27%), Ranbaxy (4.61%), GSK (3.31%) and Sun Pharma (2.66%) are trading lower.Dr. Reddy''s Lab has reported a 91% decline in net profit for the quarter ended December 2007. It has posted a net profit of Rs42.29 crore for the quarter ended December 2007 as against Rs503.40 crore last year.
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