The market has lost further ground as the market reopens after the Sun outage. The market is trading in the deep red with a heavy gap down as huge selling pressure continued across the board. The Metal, Capital Goods, Bank, Realty and Oil & Gas stocks are facing the heavy selling pressure today. 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 291 stocks are advancing while 2176 stocks are declining and the 35 stocks remained unchanged on BSE. The BSE Mid cap is lower by 280 points at 6,303 and the BSE small Cap dropped by 363 points to trade at 7,717.
At 12.50 pm, BSE Sensex was at 15,032 down by 729 points and Nifty was at 4,555.45 down by 190.35 points.
BSE Metal index dropped by 742 points to trade at 14,103. The major losers are Tata Steel (5.45%), SAIL (5.45%), Sterlite Industries (5.42%) and Hindalco Industries (4.95%).
BSE Capital goods index dropped by 502 points to 13,078. The main losers are Siemens (4.05%), ABB (3.88%), L&T (3.75%) and BHEL (2.82%).
BSE Auto index slipped by 146 points to trade at 4,393. Leading to its fall are Hero Honda (4.19%), Tata Motors (3.76%), Mahindra & Mahindra (3.24%) and Maruti Suzuki (2.40%).
BSE Oil & Gas index was trading 323 points lower at 10,032 as Cairn India (3.95%), Gail India (2.84%), RPL (2.45%) and ONGC (1.60%) are trading in red.
BSE Banks index slipped by 472 points to trade at 7,851. The top losers are ICICI Bank (6.96%), HDFC Bank (5.17%), SBI (4.20%) and PNB (3.60%).BSE Power index decreased by 111 points to trade at 3,038 as Reliance Energy (4.77%), Power Grid (4.17%), Suzlon Energy (4.03%) and Tata Power (0.60%) are trading in red.
BSE IT index declined by 60 points to trade at 3,347 as HCL Technologies (2.64%), TCS (2.49%), Infosys Technologies (1.82%) and Satyam Computer (1.06%) are trading in red.
At 12.50 pm, BSE Sensex was at 15,032 down by 729 points and Nifty was at 4,555.45 down by 190.35 points.
BSE Metal index dropped by 742 points to trade at 14,103. The major losers are Tata Steel (5.45%), SAIL (5.45%), Sterlite Industries (5.42%) and Hindalco Industries (4.95%).
BSE Capital goods index dropped by 502 points to 13,078. The main losers are Siemens (4.05%), ABB (3.88%), L&T (3.75%) and BHEL (2.82%).
BSE Auto index slipped by 146 points to trade at 4,393. Leading to its fall are Hero Honda (4.19%), Tata Motors (3.76%), Mahindra & Mahindra (3.24%) and Maruti Suzuki (2.40%).
BSE Oil & Gas index was trading 323 points lower at 10,032 as Cairn India (3.95%), Gail India (2.84%), RPL (2.45%) and ONGC (1.60%) are trading in red.
BSE Banks index slipped by 472 points to trade at 7,851. The top losers are ICICI Bank (6.96%), HDFC Bank (5.17%), SBI (4.20%) and PNB (3.60%).BSE Power index decreased by 111 points to trade at 3,038 as Reliance Energy (4.77%), Power Grid (4.17%), Suzlon Energy (4.03%) and Tata Power (0.60%) are trading in red.
BSE IT index declined by 60 points to trade at 3,347 as HCL Technologies (2.64%), TCS (2.49%), Infosys Technologies (1.82%) and Satyam Computer (1.06%) are trading in red.
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