The market is now trading in deep red as strong selling continued across the board. The heavy selling is seen I the Capital Goods, Bank, Metal and Realty stocks. However the IT stocks managed to trade higher from the opening bell. The broader market is also trading in negative as strong selling also witnessed in the Mid Cap and Small Cap stocks. The overall market breadth remains negative, as 636 stocks are advancing while 1919 stocks are declining on BSE. The BSE Mid cap is lower by 119.46 points at 7,565.87 and the BSE small Cap slipped by 159.58 points to trade at 9,635.96.
At 12.31 pm, BSE Sensex was at 17,627.27 down by 448.39 points and Nifty was at 5,140.60 down by 140.20 points.
BSE IT index inclined by 32.29 points to trade at 3,882.06 as Satyam Computer (1.18%), Wipro (0.73%), Infosys Technologies (0.71%) and TCS (0.69%) are trading in green.Infosys Technologies has signed an MOU with Nihon Unisys for strategic business deployment and joint development for sales and service offerings.
BSE Capital goods index decreased by 490.59 points to 15,901.68. The main losers are ABB (5.16%), BHEL (4.53%), L&T (3.21%) and Siemens (2.29%).
BSE Banks index declined by 309.84 points to trade at 10,653.92. The top losers are ICICI Bank (3.52%), SBI (2.65%), HDFC Bank (2.48%) and PNB (2.09%).
BSE Metal index dropped by 318.62 points to trade at 15,891.33. The major losers are NALCO (4.95%), SAIL (3.90%), Tata Steel (3.69%) and Hindalco Industries (0.56%).BSE Oil & Gas index was trading 253.56 points lower at 10,877.32 as BPCL (3.32%), RPL (2.99%), Cairn (2.80%) and Gail India (2.37%) are trading in red.
BSE Power index decreased by 99.14 points to trade at 3,611.16 as NTPC (3.90%), Suzlon Energy (3.15%), Reliance Energy (1.72%) and Tata Power (0.85%) are trading in red.
BSE Auto index decreased by 90.81 points to trade at 4,775.68. Leading to its fall are Tata Motors (4.73%), Maruti Suzuki (2.72%), Hero Honda (2.33%) and Mahindra & Mahindra (1.97%).
At 12.31 pm, BSE Sensex was at 17,627.27 down by 448.39 points and Nifty was at 5,140.60 down by 140.20 points.
BSE IT index inclined by 32.29 points to trade at 3,882.06 as Satyam Computer (1.18%), Wipro (0.73%), Infosys Technologies (0.71%) and TCS (0.69%) are trading in green.Infosys Technologies has signed an MOU with Nihon Unisys for strategic business deployment and joint development for sales and service offerings.
BSE Capital goods index decreased by 490.59 points to 15,901.68. The main losers are ABB (5.16%), BHEL (4.53%), L&T (3.21%) and Siemens (2.29%).
BSE Banks index declined by 309.84 points to trade at 10,653.92. The top losers are ICICI Bank (3.52%), SBI (2.65%), HDFC Bank (2.48%) and PNB (2.09%).
BSE Metal index dropped by 318.62 points to trade at 15,891.33. The major losers are NALCO (4.95%), SAIL (3.90%), Tata Steel (3.69%) and Hindalco Industries (0.56%).BSE Oil & Gas index was trading 253.56 points lower at 10,877.32 as BPCL (3.32%), RPL (2.99%), Cairn (2.80%) and Gail India (2.37%) are trading in red.
BSE Power index decreased by 99.14 points to trade at 3,611.16 as NTPC (3.90%), Suzlon Energy (3.15%), Reliance Energy (1.72%) and Tata Power (0.85%) are trading in red.
BSE Auto index decreased by 90.81 points to trade at 4,775.68. Leading to its fall are Tata Motors (4.73%), Maruti Suzuki (2.72%), Hero Honda (2.33%) and Mahindra & Mahindra (1.97%).
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