The market has recovered a bit from the morning lows but is still reeling under heavy pressure as strong selling in scrips continued across the board. The Bank, Capital Goods. Realty and Power stocks are feeling the most selling pressure. The BSE Sensex is hovering around the 17,000 mark and the NSE Nifty is trading above the 5,000 mark. The broader market is also recovered but is till in red.
The overall market breadth is negative, as 1033 stocks are advancing while 1457 stocks are declining and the 77 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 65.46 points at 7,082.59 while the BSE small Cap slipped by 54.52 points to trade at 8,734.46.
At 12.30 pm, BSE Sensex was at 16,492.69 up by 17.46 points and Nifty was at 5,027.80 down by 89.85 points.
BSE IT index inclined marginally by 2.97 points to trade at 4,456.32 as I-Flex (2.76%), Patni Computer (1.90%), TCS (0.71%) and Satyam (0.10%) are trading in green.
Satyam Computers and GE Healthcare has entered into a comprehensive agreement to support customers deploying healthcare IT solutions based on GE Centricity Enterprise software. Under this agreement, both the companies will plan, design and implement infrastructures for global healthcare providers.
BSE Oil & Gas index was trading 137.94 points lower at 11,294.86 as BPCL (4.09%), RPL (1.92%), ONGC (1.92%) and Gail India (1.02%) are trading in red.
BSE Metal index dropped by 165.12 points to trade at 17,225.16. The major losers are SAIL (2.55%), NALCO (2.38%), Hindalco Industries (1.55%) and Tata Steel (0.67%).
SAIL has signed a memorandum of understanding with Rajasthan State Mines and Minerals Limited (RSMML) for a long-term supply of low silica limestone, a critical input for steel making.
BSE Capital goods index declined by 208.96 points to 13,461.12. The main losers are L&T (1.99%), ABB (1.90%), Siemens (1.51%) and BHEL (1.50%).
BSE Bankex index is trading lower by 167.63 points at 8,472.27. Losers are ICICI Bank (2.89%), PNB (2.88%), HDFC Bank (1.96%) and SBI (1.56%).
BSE Realty slipped by 115.04 points to 7,789.84. Leading to its fall are Indiabull Real (3.34%), Purvankara (2.22%), Ansal Infrastructure (2.18%) and DLF (1.66%).
BSE Power index decreased by 48.61 points to trade at 3,254.31 as Suzlon Energy (3.61%), Reliance Energy (3.07%), NTPC (1.54%) and Power Grid (1.40%) are trading in negative.
BSE Auto index down by 80.57 points to trade at 4,702.33 as Tata Motors (3.91%), Mahindra & Mahindra (2.08%), Maruti Suzuki (1.60%) and TVS Motor (1.50%) are trading in negative.
The overall market breadth is negative, as 1033 stocks are advancing while 1457 stocks are declining and the 77 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 65.46 points at 7,082.59 while the BSE small Cap slipped by 54.52 points to trade at 8,734.46.
At 12.30 pm, BSE Sensex was at 16,492.69 up by 17.46 points and Nifty was at 5,027.80 down by 89.85 points.
BSE IT index inclined marginally by 2.97 points to trade at 4,456.32 as I-Flex (2.76%), Patni Computer (1.90%), TCS (0.71%) and Satyam (0.10%) are trading in green.
Satyam Computers and GE Healthcare has entered into a comprehensive agreement to support customers deploying healthcare IT solutions based on GE Centricity Enterprise software. Under this agreement, both the companies will plan, design and implement infrastructures for global healthcare providers.
BSE Oil & Gas index was trading 137.94 points lower at 11,294.86 as BPCL (4.09%), RPL (1.92%), ONGC (1.92%) and Gail India (1.02%) are trading in red.
BSE Metal index dropped by 165.12 points to trade at 17,225.16. The major losers are SAIL (2.55%), NALCO (2.38%), Hindalco Industries (1.55%) and Tata Steel (0.67%).
SAIL has signed a memorandum of understanding with Rajasthan State Mines and Minerals Limited (RSMML) for a long-term supply of low silica limestone, a critical input for steel making.
BSE Capital goods index declined by 208.96 points to 13,461.12. The main losers are L&T (1.99%), ABB (1.90%), Siemens (1.51%) and BHEL (1.50%).
BSE Bankex index is trading lower by 167.63 points at 8,472.27. Losers are ICICI Bank (2.89%), PNB (2.88%), HDFC Bank (1.96%) and SBI (1.56%).
BSE Realty slipped by 115.04 points to 7,789.84. Leading to its fall are Indiabull Real (3.34%), Purvankara (2.22%), Ansal Infrastructure (2.18%) and DLF (1.66%).
BSE Power index decreased by 48.61 points to trade at 3,254.31 as Suzlon Energy (3.61%), Reliance Energy (3.07%), NTPC (1.54%) and Power Grid (1.40%) are trading in negative.
BSE Auto index down by 80.57 points to trade at 4,702.33 as Tata Motors (3.91%), Mahindra & Mahindra (2.08%), Maruti Suzuki (1.60%) and TVS Motor (1.50%) are trading in negative.
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