The market has lost further grounds as heavy selling continued across the board mainly led by the stocks like Metal, Capital Goods, Realty and Bank stocks. The broader market is also trading loer as significant selling is seen in the Mid Cap and small Cap stocks. The overall market breadth remains negative, as 856 stocks are advancing while 1,718 stocks are declining and the 53 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 101.44 points at 7,919.80 and the BSE small Cap slipped by 112.05 points to trade at 10,265.62.
At 12.32 pm, BSE Sensex was at 17,879.76 down by 212.18 points and Nifty was at 5,215.70 down by 65.10 points.
BSE Metal index surged 192.67 points to trade at 15,733.42. The major gainers are JSW Steel (5.74%), Sterlite Industries (2.46%), SAIL (2.22%) and Tata Steel (1.65%).SAIL has reported a growth of 31.5% in net profit to Rs19,346.60mn for the quarter ended September 2007 as against Rs14,711.90 mn reported during the same period last year.
BSE Capital goods index dropped by 177.30 points to 16,784.76. The main losers are Siemens (3.10%), Punj Lloyd (2.31%), L&T (0.95%) and Havell India (0.94%).
BHEL advanced by (1.12%) to Rs.2,075. The company is planning to invest Rs. 736 crore to raise the capacity of its plant at Tiruchi in Tamil Nadu to meet the growing demand for thermal and boiler power equipment.BSE Banks index declined by 114.28 points to trade at 11,006.14. The top losers are ICICI Bank (2.05%), SBI (0.76%), PNB (0.60%) and HDFC Bank (0.46%) are trading lower.
BSE Auto index decreased by 93.72 points to trade at 4,830.02. Leading to its fall are Bajaj Auto (4.64%), Maruti Suzuki (2.67%), Hero Honda (2.47%), M&M (2.42%) and Tata Motors (1.82%).
BSE Oil & Gas index was trading 226.38 points lower at 10,955.39 as BPCL (4.46%), RPL (2.92%), GAIL (2.74%) and ONGC (2.35%) are trading in red.
The BSE Mid cap is lower by 101.44 points at 7,919.80 and the BSE small Cap slipped by 112.05 points to trade at 10,265.62.
At 12.32 pm, BSE Sensex was at 17,879.76 down by 212.18 points and Nifty was at 5,215.70 down by 65.10 points.
BSE Metal index surged 192.67 points to trade at 15,733.42. The major gainers are JSW Steel (5.74%), Sterlite Industries (2.46%), SAIL (2.22%) and Tata Steel (1.65%).SAIL has reported a growth of 31.5% in net profit to Rs19,346.60mn for the quarter ended September 2007 as against Rs14,711.90 mn reported during the same period last year.
BSE Capital goods index dropped by 177.30 points to 16,784.76. The main losers are Siemens (3.10%), Punj Lloyd (2.31%), L&T (0.95%) and Havell India (0.94%).
BHEL advanced by (1.12%) to Rs.2,075. The company is planning to invest Rs. 736 crore to raise the capacity of its plant at Tiruchi in Tamil Nadu to meet the growing demand for thermal and boiler power equipment.BSE Banks index declined by 114.28 points to trade at 11,006.14. The top losers are ICICI Bank (2.05%), SBI (0.76%), PNB (0.60%) and HDFC Bank (0.46%) are trading lower.
BSE Auto index decreased by 93.72 points to trade at 4,830.02. Leading to its fall are Bajaj Auto (4.64%), Maruti Suzuki (2.67%), Hero Honda (2.47%), M&M (2.42%) and Tata Motors (1.82%).
BSE Oil & Gas index was trading 226.38 points lower at 10,955.39 as BPCL (4.46%), RPL (2.92%), GAIL (2.74%) and ONGC (2.35%) are trading in red.
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