The market has lost further grounds as the markets reopen after sun outage as strong selling in scrips continued across the board. The Metal, Capital Goods, Realty and Oil & Gas are facing the heavy selling pressure today. The BSE Sensex has gone below the 15,500 mark and the NSE Nifty has gone below the 4,700 mark. The broader market has also joined the rally as sustained profit booking continued in the Mid Cap and Small Cap stocks also. The overall market breadth remains extremely negative, as 304 stocks are advancing while 2002 stocks are declining on BSE. The BSE Mid cap is lower by 265.57 points at 6,644.28 and the BSE small Cap dropped by 319.50 points to trade at 8,212.42.
At 12.50 pm, BSE Sensex was at 15,499.49 down by 628.49 points and Nifty was at 4,655.75 down by 216.25 points.
BSE Metal index dropped by 734.98 points to trade at 14,953.93. The major losers are SAIL (7.34%), Hindalco Industries (5.73%), Sterlite Industries (4.57%).
BSE Capital goods index dropped by 694.08 points to 13,407.48. The main losers are BHEL (6.95%), L&T (5.71%), Siemens (4.96%) and ABB (4.03%).
BSE Auto index slipped by 49.05 points to trade at 4,600.46. Leading to its fall are Tata Motors (2.95%), Hero Honda (1.79%) and Mahindra & Mahindra (1.61%).Maruti Suzuki has firmed up a massive expansion plan of its service network and plans to expand it to 1700 towns and cities from the current about 1200. The company plans to increase the number of service stations and workshops to over 3,800, from the about 2600 currently.
BSE Oil & Gas index was trading 491.57 points lower at 10,150.52 as Cairn India (8.47%), RPL (4.79%), ONGC (4.24%) and Gail India (2.40%) are trading in red.
BSE Banks index slipped by 329.48 points to trade at 8,225.37. The top losers are HDFC Bank (4.23%), PNB (4.03%), ICICI Bank (3.98%) and SBI (3.71%).
BSE Power index decreased by 164.54 points to trade at 3,104.87 as Reliance Energy (8.20%), Suzlon Energy (5.90%), NTPC (5.13%) are trading in red.
At 12.50 pm, BSE Sensex was at 15,499.49 down by 628.49 points and Nifty was at 4,655.75 down by 216.25 points.
BSE Metal index dropped by 734.98 points to trade at 14,953.93. The major losers are SAIL (7.34%), Hindalco Industries (5.73%), Sterlite Industries (4.57%).
BSE Capital goods index dropped by 694.08 points to 13,407.48. The main losers are BHEL (6.95%), L&T (5.71%), Siemens (4.96%) and ABB (4.03%).
BSE Auto index slipped by 49.05 points to trade at 4,600.46. Leading to its fall are Tata Motors (2.95%), Hero Honda (1.79%) and Mahindra & Mahindra (1.61%).Maruti Suzuki has firmed up a massive expansion plan of its service network and plans to expand it to 1700 towns and cities from the current about 1200. The company plans to increase the number of service stations and workshops to over 3,800, from the about 2600 currently.
BSE Oil & Gas index was trading 491.57 points lower at 10,150.52 as Cairn India (8.47%), RPL (4.79%), ONGC (4.24%) and Gail India (2.40%) are trading in red.
BSE Banks index slipped by 329.48 points to trade at 8,225.37. The top losers are HDFC Bank (4.23%), PNB (4.03%), ICICI Bank (3.98%) and SBI (3.71%).
BSE Power index decreased by 164.54 points to trade at 3,104.87 as Reliance Energy (8.20%), Suzlon Energy (5.90%), NTPC (5.13%) are trading in red.
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