The market has lost further grounds and is trading in deep negative territory as strong selling pressure continued across the board. All the BSE indices are trading in red with an exception of IT stocks that is facing some buying momentum. The heavy selling in the Metal, Capital Goods, Oil & Gas and Realty stocks. The Mid Cap and the Small Cap stocks are also trading with a deep cut. The overall market breadth remains extremely negative, as 235 stocks are advancing while 2,294 stocks are declining on BSE. At 12.40 pm, BSE Sensex was at 16,778.41 down by 686.48 points and Nifty was at 4,902 down by 218.35 points.The BSE Mid cap is lower by 359.13 points at 7,274.14 and the BSE small Cap dropped by 448.13 points to trade at 9,472.22.
BSE IT index surged by 51.73 points to trade at 3,895.07 as Satyam Computers (3.66%), TCS (2.45%), Infosys (2.13%) are trading in green.
BSE Metal index slipped by 558.91 points to trade at 14,555.93. The major losers are SAIL (7.46%), NALCO (6.32%), Sterlite Industries (5.97%) and Tata Steel (3.86%).
BSE Oil & Gas index was trading 552.07 points lower at 10,086.37 as GAIL India (8.24%), RPL (6.13%), ONGC (5.82%) and Cairn India (5.67%) are trading in red.
BSE Capital goods index dropped by 540.80 points to 15,318.31. The main losers are L&T (6.38%), ABB (4.83%), Siemens (4.23%) and BHEL (1.14%).
BSE Banks index declined by 398.19 points to trade at 9,761.23. The top losers are SBI (6.52%), ICICI Bank (6.15%), HDFC Bank (4.51%), PNB (3.15%).
BSE Power index fell by 183.43 points to trade at 3,552.88 as Reliance Energy (11.96%), Tata Power (8.55%), NTPC (5.42%) and Suzlon Energy (2.90%) are trading in red.
BSE Health Care index declined by 78.56 points to trade at 3,555.05 as Ranbaxy Lab. (3.14%), Cipla (1.03%), Dr. Reddy (0.97%), GSK Pharma (0.76%) are trading in negative.
BSE Auto index decreased by 67.77 points to trade at 4,673.72. Leading to its fall are Mahindra & Mahindra (4.95%), Bajaj Auto (3.02%), Tata Motors (1.83%).
BSE IT index surged by 51.73 points to trade at 3,895.07 as Satyam Computers (3.66%), TCS (2.45%), Infosys (2.13%) are trading in green.
BSE Metal index slipped by 558.91 points to trade at 14,555.93. The major losers are SAIL (7.46%), NALCO (6.32%), Sterlite Industries (5.97%) and Tata Steel (3.86%).
BSE Oil & Gas index was trading 552.07 points lower at 10,086.37 as GAIL India (8.24%), RPL (6.13%), ONGC (5.82%) and Cairn India (5.67%) are trading in red.
BSE Capital goods index dropped by 540.80 points to 15,318.31. The main losers are L&T (6.38%), ABB (4.83%), Siemens (4.23%) and BHEL (1.14%).
BSE Banks index declined by 398.19 points to trade at 9,761.23. The top losers are SBI (6.52%), ICICI Bank (6.15%), HDFC Bank (4.51%), PNB (3.15%).
BSE Power index fell by 183.43 points to trade at 3,552.88 as Reliance Energy (11.96%), Tata Power (8.55%), NTPC (5.42%) and Suzlon Energy (2.90%) are trading in red.
BSE Health Care index declined by 78.56 points to trade at 3,555.05 as Ranbaxy Lab. (3.14%), Cipla (1.03%), Dr. Reddy (0.97%), GSK Pharma (0.76%) are trading in negative.
BSE Auto index decreased by 67.77 points to trade at 4,673.72. Leading to its fall are Mahindra & Mahindra (4.95%), Bajaj Auto (3.02%), Tata Motors (1.83%).
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