The market is now off the day''s high as volatility strikes in the broader market. The heavy selling witnessed in the Mid Cap and Small Cap stocks. The Realty and Consumer Durables stocks are in pressure from the opening bell whereas the Oil & Gas, Metal and Bank stocks are the top performer of the day. The overall market breadth remains extremely negative, as 235 stocks are advancing while 2,294 stocks are declining on BSE. The BSE Mid cap is lower by 194.40 points at 7,025.43 and the BSE small Cap dropped by 303.58 points to trade at 9,136.52.
At 12.40 pm, BSE Sensex was at 16,643.32 up by 12.41 points and Nifty was at 4,855.40 down by 1.60 points.
BSE Metal index surged by 279.10 points to trade at 14,553.35. The major gainers are Sterlite Industries (4.56%), SAIL (3.24%), Hindalco Industries (1.32%) and Tata Steel (1.24%).
BSE Oil & Gas index was trading 129 points higher at 10,014.80 as Cairn India (3.71%), Reliance (2.42%), ONGC (1.01%) and Gail India (0.53%) are trading in green.
BSE Banks index inclined by 121.44 points to trade at 9,866.32. The top gainers are PNB (2.68%), AXIX Bank (2.58%), Bank of Baroda (2%) and ICICI Bank (1.86%).SBI has cut its prime-lending rate by 0.25 percentage point to 12.50%. This will result in lower interest rates on all loans offered by it, including housing and consumer loans.
BSE Capital goods index grew by 35.57 points to 15,069.64. The main gainers are ABB (1.45%), BHELL (1.44%), Elcon Engineering (1.03%) and SKF India (0.14%).
BSE IT index fell by 45.13 points to trade at 3,803.03 as TCS (3.75%), Satyam (2.59%), HCL Technologies (0.78%) and Infosys Technologies (0.71%) are trading in red.
BSE Auto index decreased by 2.67 points to trade at 4,578.03. Leading to its fall are TVS Motors (2.67%), Ashok Leyland (1.44%), Her Honda (0.74%) and Maruti Suzuki (0.25%).
At 12.40 pm, BSE Sensex was at 16,643.32 up by 12.41 points and Nifty was at 4,855.40 down by 1.60 points.
BSE Metal index surged by 279.10 points to trade at 14,553.35. The major gainers are Sterlite Industries (4.56%), SAIL (3.24%), Hindalco Industries (1.32%) and Tata Steel (1.24%).
BSE Oil & Gas index was trading 129 points higher at 10,014.80 as Cairn India (3.71%), Reliance (2.42%), ONGC (1.01%) and Gail India (0.53%) are trading in green.
BSE Banks index inclined by 121.44 points to trade at 9,866.32. The top gainers are PNB (2.68%), AXIX Bank (2.58%), Bank of Baroda (2%) and ICICI Bank (1.86%).SBI has cut its prime-lending rate by 0.25 percentage point to 12.50%. This will result in lower interest rates on all loans offered by it, including housing and consumer loans.
BSE Capital goods index grew by 35.57 points to 15,069.64. The main gainers are ABB (1.45%), BHELL (1.44%), Elcon Engineering (1.03%) and SKF India (0.14%).
BSE IT index fell by 45.13 points to trade at 3,803.03 as TCS (3.75%), Satyam (2.59%), HCL Technologies (0.78%) and Infosys Technologies (0.71%) are trading in red.
BSE Auto index decreased by 2.67 points to trade at 4,578.03. Leading to its fall are TVS Motors (2.67%), Ashok Leyland (1.44%), Her Honda (0.74%) and Maruti Suzuki (0.25%).
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