The market continues to trade in the deep red zone as significant selling witnessed across the board. The Bank, Oil & Gas, Capital Goods and Realty stocks arte facing the most selling pressure today. The broader market is also trading lower. The BSE Mid cap is lower by 60.39 points at 7,608.54 and the BSE small Cap slipped by 73.28 points to trade at 9,619.71.
At 12.31 pm, BSE Sensex was at 17,456.08 down by 278.60 points and Nifty was at 5,130.15 down by 61.65 points.
BSE IT index declined by 101.64 points to trade at 3,940.33 as Satyam Computer (3.50%), TCS (2.40%), Wipro (2.31%) are trading in red.
BSE Oil & Gas index was trading 245.32 points lower at 10,666.94 as Gail India (3.73%), Cairn India (2.35%), RPL (1.23%) and ONGC (0.90%) are trading in red.
BSE Capital goods index slipped by 200.11 points to 15,637.79. The main losers are Praj Industries (1.94%), Punj Lloyd (1.72%), ABB (1.65%) and BHEL (1.48%).
BSE Banks index declined by 257.09 points to trade at 10,221.85. The top losers are ICICI Bank (2.63%), SBI (2.39%), HDFC Bank (2.34%) and PNB (1.03%).HDFC Bank will take over Centurion Bank of Punjab in an all-stock deal. The respective bank boards are likely to meet on Saturday to consider the merger proposal.
BSE Metal index dropped by 80.22 points to trade at 16,359.16. The major losers are Gujarat NRE (5.30%), Jindal Steel (1.73%), JSW Steel (1.02%).
BSE Health Care index declined by 4.19 points to trade at 3,730.92 as Aventis Pharma (1.48%), Sun Pharma (1.06%), Glenmark Pharma (1.28%) and Ranbaxy (0.38%) are trading in negative.Cipla is trading higher by (4.86%) as Avesta Biotherapeutics and Research (ABRPL), which is a 50:50 joint venture between Cipla group company Meditab Specialties and Avestha Gengraine Technologies, plans to invest more than Rs600 crore to create facilities at Bangalore and Hyderabad to manufacture biotech drugs.
At 12.31 pm, BSE Sensex was at 17,456.08 down by 278.60 points and Nifty was at 5,130.15 down by 61.65 points.
BSE IT index declined by 101.64 points to trade at 3,940.33 as Satyam Computer (3.50%), TCS (2.40%), Wipro (2.31%) are trading in red.
BSE Oil & Gas index was trading 245.32 points lower at 10,666.94 as Gail India (3.73%), Cairn India (2.35%), RPL (1.23%) and ONGC (0.90%) are trading in red.
BSE Capital goods index slipped by 200.11 points to 15,637.79. The main losers are Praj Industries (1.94%), Punj Lloyd (1.72%), ABB (1.65%) and BHEL (1.48%).
BSE Banks index declined by 257.09 points to trade at 10,221.85. The top losers are ICICI Bank (2.63%), SBI (2.39%), HDFC Bank (2.34%) and PNB (1.03%).HDFC Bank will take over Centurion Bank of Punjab in an all-stock deal. The respective bank boards are likely to meet on Saturday to consider the merger proposal.
BSE Metal index dropped by 80.22 points to trade at 16,359.16. The major losers are Gujarat NRE (5.30%), Jindal Steel (1.73%), JSW Steel (1.02%).
BSE Health Care index declined by 4.19 points to trade at 3,730.92 as Aventis Pharma (1.48%), Sun Pharma (1.06%), Glenmark Pharma (1.28%) and Ranbaxy (0.38%) are trading in negative.Cipla is trading higher by (4.86%) as Avesta Biotherapeutics and Research (ABRPL), which is a 50:50 joint venture between Cipla group company Meditab Specialties and Avestha Gengraine Technologies, plans to invest more than Rs600 crore to create facilities at Bangalore and Hyderabad to manufacture biotech drugs.
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