The market has lost further grounds from the opening trade as strong selling continued across the board mainly led by the Capital Goods, Metal, Bank and Oil & Gas stocks. However, the Auto and Heath Care stocks are managed to trade higher from the opening bell. The overall market breadth remains extremely negative, as 440 stocks are advancing while 2096 stocks are declining on BSE. The BSE Mid cap is lower by 237.95 points at 7,442.44 and the BSE small Cap dropped by 283.68 points to trade at 9,344.45.
At 12.31 pm, BSE Sensex was at 16,936.87 down by 641.85 points and Nifty was at 5,031 down by 193 points.
BSE Health Care index inclined by 39.60 points to trade at 3,968.38 as Ranbaxy Labs (2.24%), Cipla (1.93%), Sun Pharma (0.49%) are trading in positive.
BSE Auto index increased by 29.36 points to trade at 4,916.53. Leading to its gain are Maruti Suzuki (3.57%), Hero Honda (2.23%) and Bajaj Auto (0.74%).Maruti Suzuki has reported a growth of 1.3% in vehicle sales to 63,822 vehicles for the month of February 2007 as against 62,999 units in February 2007.
BSE Capital goods index dropped by 700.57 points to 15,418.95. The main losers are BHEL (6.30%), L&T (4.43%), ABB (4.24%).
BSE Metal index dropped by 517.44 points to trade at 16,222.08. The major losers are SAIL (4.72%), Tata Steel (2.37%), Sterlite Industries (2.16%), Hindalco Inds (1.97%).
BSE Oil & Gas index was trading 368.73 points lower at 10,663.43 as GAIL India (5.20%), RPL (4.55%), ONGC (2.16%) are trading in red.
BSE Banks index slipped by 472.06 points to trade at 9,641.67. The top losers are SBI (5.87%), PNB (5.80%), ICICI Bank (5.60%).
BSE FMCG index fell 37.24 points to trade at 2,237.15 as ITC (4.16%), Tata Tea (3.48%), United Brewaries (1.91%) and Godrej Consumer (1.37%) are trading lower.HUL is trading up by (2.46%) at Rs232.95 as the finance minister proposes a 2% cut in excise on all manufactured goods.
At 12.31 pm, BSE Sensex was at 16,936.87 down by 641.85 points and Nifty was at 5,031 down by 193 points.
BSE Health Care index inclined by 39.60 points to trade at 3,968.38 as Ranbaxy Labs (2.24%), Cipla (1.93%), Sun Pharma (0.49%) are trading in positive.
BSE Auto index increased by 29.36 points to trade at 4,916.53. Leading to its gain are Maruti Suzuki (3.57%), Hero Honda (2.23%) and Bajaj Auto (0.74%).Maruti Suzuki has reported a growth of 1.3% in vehicle sales to 63,822 vehicles for the month of February 2007 as against 62,999 units in February 2007.
BSE Capital goods index dropped by 700.57 points to 15,418.95. The main losers are BHEL (6.30%), L&T (4.43%), ABB (4.24%).
BSE Metal index dropped by 517.44 points to trade at 16,222.08. The major losers are SAIL (4.72%), Tata Steel (2.37%), Sterlite Industries (2.16%), Hindalco Inds (1.97%).
BSE Oil & Gas index was trading 368.73 points lower at 10,663.43 as GAIL India (5.20%), RPL (4.55%), ONGC (2.16%) are trading in red.
BSE Banks index slipped by 472.06 points to trade at 9,641.67. The top losers are SBI (5.87%), PNB (5.80%), ICICI Bank (5.60%).
BSE FMCG index fell 37.24 points to trade at 2,237.15 as ITC (4.16%), Tata Tea (3.48%), United Brewaries (1.91%) and Godrej Consumer (1.37%) are trading lower.HUL is trading up by (2.46%) at Rs232.95 as the finance minister proposes a 2% cut in excise on all manufactured goods.
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