The market is still trading weak with a deep cut on account of selling pressure continued across the board. The frontline indices are facing the maximum pressure today and have under performed the broader market. The BSE Sensex has is trading around the 16000 mark and the NSE Nifty is trading in positive and hovering around the 4800 mark. The significant buying witnessed in the Metal, IT and Capital Goods stocks.
Inflation number which came up at 6.68% for the week ended March 15 as compared to 5.92% in the last week.
The overall market breadth is negative, as 1476 stocks are advancing while 959 stocks are declining and the 43 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 87.27 points at 6,363.53 and the BSE small Cap advanced by 191.95 points to trade at 7,718.73.
At 12.50 pm, BSE Sensex was at 16,039.52 up by 23.96 points and Nifty was at 4,843.80 up by 13.55 points.
BSE Health Care index inclined by 8.06 points to trade at 3,863.07 as Aventis Pharma (4.71%), Nicholas Piramal (2.92%), Pfizer (2.14%), Cipla (1.24%) and Dr.Reddy (0.72%) are trading in positive.
Cipla has developed a combination of drugs including the medicines for allergic rhinitis, asthama and cardiac-problems for the developed markets. The company expects to bring the allergic rhinitis drug into the market next year and the other two combination drugs in the asthama and cardiac are expected by 2010.
BSE Metal index dropped by 339.72 points to trade at 14,314.47. The major losers are Sterlite Industries (4.09%), SAIL (3.55%), NALCO (0.86%) and Hindalco Industries (0.57%).
BSE Capital goods index slipped by 364.22 points to 14,091.22. The main losers are L&T (3.84%), BHEL (3.53%), Siemens (2.87%).
BSE Banks index slipped by 337.08 points to trade at 7,863.16. The top losers are HDFC Bank (5.90%), ICICI Bank (5.50%), PNB (3.21%) and SBI (2.98%).
BSE Oil & Gas index was trading 204.19 points lower at 10,263.42 as Cairn India (4.37%), GAIL India (2.94%), BPCL (2.75%) and ONGC (2%) are trading in red.
BSE Power index decreased by 61.67 points to trade at 3,240.31 as Tata Power (2.96%), Reliance Energy (2.10%), NTPC (1.96%) and Suzlon Energy (1.48%) are trading in negative.
BSE IT index fell by 183.59 points to trade at 3,574.44 as Infosys Technologies (6.38%), HCL Technologies (5.54%), TCS (5.28%) and Satyam Computer (4.16%) are trading in red.
BSE Auto index declined by 45.13 points to trade at 4,534.94. Leading to its fall are Tata Motors (2.63%), Maruti Suzuki (1.43%) and Mahindra & Mahindra (0.72%).
Inflation number which came up at 6.68% for the week ended March 15 as compared to 5.92% in the last week.
The overall market breadth is negative, as 1476 stocks are advancing while 959 stocks are declining and the 43 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 87.27 points at 6,363.53 and the BSE small Cap advanced by 191.95 points to trade at 7,718.73.
At 12.50 pm, BSE Sensex was at 16,039.52 up by 23.96 points and Nifty was at 4,843.80 up by 13.55 points.
BSE Health Care index inclined by 8.06 points to trade at 3,863.07 as Aventis Pharma (4.71%), Nicholas Piramal (2.92%), Pfizer (2.14%), Cipla (1.24%) and Dr.Reddy (0.72%) are trading in positive.
Cipla has developed a combination of drugs including the medicines for allergic rhinitis, asthama and cardiac-problems for the developed markets. The company expects to bring the allergic rhinitis drug into the market next year and the other two combination drugs in the asthama and cardiac are expected by 2010.
BSE Metal index dropped by 339.72 points to trade at 14,314.47. The major losers are Sterlite Industries (4.09%), SAIL (3.55%), NALCO (0.86%) and Hindalco Industries (0.57%).
BSE Capital goods index slipped by 364.22 points to 14,091.22. The main losers are L&T (3.84%), BHEL (3.53%), Siemens (2.87%).
BSE Banks index slipped by 337.08 points to trade at 7,863.16. The top losers are HDFC Bank (5.90%), ICICI Bank (5.50%), PNB (3.21%) and SBI (2.98%).
BSE Oil & Gas index was trading 204.19 points lower at 10,263.42 as Cairn India (4.37%), GAIL India (2.94%), BPCL (2.75%) and ONGC (2%) are trading in red.
BSE Power index decreased by 61.67 points to trade at 3,240.31 as Tata Power (2.96%), Reliance Energy (2.10%), NTPC (1.96%) and Suzlon Energy (1.48%) are trading in negative.
BSE IT index fell by 183.59 points to trade at 3,574.44 as Infosys Technologies (6.38%), HCL Technologies (5.54%), TCS (5.28%) and Satyam Computer (4.16%) are trading in red.
BSE Auto index declined by 45.13 points to trade at 4,534.94. Leading to its fall are Tata Motors (2.63%), Maruti Suzuki (1.43%) and Mahindra & Mahindra (0.72%).
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