The market is trading with losses backed by the weak cues from the global markets as well as the political uncertainty in the domestic arena due to the deferment of the meeting between the UPA and the let parties over the nuclear deal keeps the market on the back gear. This led to heavy selling pressures across the every sectoral indices. But the most selling is witnessed from the Capital goods, bankex and realty baskets.
The overall market breadth is negative, as 1676 stocks are declining while 686 stocks are advancing and the 76 stocks remained unchanged on BSE.
The Mid Cap and Small Cap also followed the benchmark indices to trade on the backfoot. The BSE Mid cap and Small Cap are trading lower by 99.34 points and 87.94 points at 6,260.45 and 7,687.35 respectively.
At 12.30 pm, BSE Sensex was trading lower by 311.78 points at 15,110.52 and Nifty was at 4,513.05 down by 69.35 points.
Ranbaxy labs is trading lower by (5.42%) at Rs565.75. The company has settled the disputes with Pfizer over the generic drug “Lipitor” to sell the drug in US.
BSE Metal index trading lower by 94.51 points at 15,156.97 as SH. Precoated (3.45%), Welspun Guj (2.35%), SAIL (2%), Gujarat NRE (1.93%) and Bhushan Steel (1.23%) closed in negative.
BSE Capital goods index declined drastically by 429.28 points to trade at 11,690.05. Major losers are Bhel (4.88%), L&T (4.56%), Punj Lloyd (4.42%), Elecon Eng (3.65%), Siemens (2.90%), Thermax (2.31%).
BSE Realty decreased by 195.85 points to trade at 5,689.93. Losers are Indbul Real (5.76%), Unitech (4.17%), Phoenix mill (4.03%), Ansal Infra (3.89%), Anant Raj (3.74%), Purvankara (2.67%).
BSE Oil & Gas index trading down by 145.66 points at 9,920.69 as BPCL (4.42%), HPCL (2.79%), IOCL (2.28%), RNRL (2.39%), Reliance industries (2.09%), Essar Oil (1.31%) and Aban Offshore (1.21%) trading in red.
BSE Bankex index trading lower by 264.80 points at 7,041.64. Losers are PNB (5.11%), Kotak bank (4.44%), SBI (4.29%), Federal bank (4%), ICICI bank 3.80%, Yes bank (3.60%).
From the IT index, Aptech (4.36%), NIIT Techno( 3.16%), Mosear baer (2.66%), Rolta India (2.32%), Patni Comp (2.28%) trading lower.
The overall market breadth is negative, as 1676 stocks are declining while 686 stocks are advancing and the 76 stocks remained unchanged on BSE.
The Mid Cap and Small Cap also followed the benchmark indices to trade on the backfoot. The BSE Mid cap and Small Cap are trading lower by 99.34 points and 87.94 points at 6,260.45 and 7,687.35 respectively.
At 12.30 pm, BSE Sensex was trading lower by 311.78 points at 15,110.52 and Nifty was at 4,513.05 down by 69.35 points.
Ranbaxy labs is trading lower by (5.42%) at Rs565.75. The company has settled the disputes with Pfizer over the generic drug “Lipitor” to sell the drug in US.
BSE Metal index trading lower by 94.51 points at 15,156.97 as SH. Precoated (3.45%), Welspun Guj (2.35%), SAIL (2%), Gujarat NRE (1.93%) and Bhushan Steel (1.23%) closed in negative.
BSE Capital goods index declined drastically by 429.28 points to trade at 11,690.05. Major losers are Bhel (4.88%), L&T (4.56%), Punj Lloyd (4.42%), Elecon Eng (3.65%), Siemens (2.90%), Thermax (2.31%).
BSE Realty decreased by 195.85 points to trade at 5,689.93. Losers are Indbul Real (5.76%), Unitech (4.17%), Phoenix mill (4.03%), Ansal Infra (3.89%), Anant Raj (3.74%), Purvankara (2.67%).
BSE Oil & Gas index trading down by 145.66 points at 9,920.69 as BPCL (4.42%), HPCL (2.79%), IOCL (2.28%), RNRL (2.39%), Reliance industries (2.09%), Essar Oil (1.31%) and Aban Offshore (1.21%) trading in red.
BSE Bankex index trading lower by 264.80 points at 7,041.64. Losers are PNB (5.11%), Kotak bank (4.44%), SBI (4.29%), Federal bank (4%), ICICI bank 3.80%, Yes bank (3.60%).
From the IT index, Aptech (4.36%), NIIT Techno( 3.16%), Mosear baer (2.66%), Rolta India (2.32%), Patni Comp (2.28%) trading lower.
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