The market is trading under heavy selling pressure as profit booking continued in the selective scrips mainly led by the Metal, Capital Goods, Realty and Power stocks. However some buying witnessed in the IT stocks. The BSE Sensex is trading with a deep cut of nearly 2% and the NSE Nifty is hovering near the 4300 mark. The BSE Mid Cap and BSE Small Cap are facing the most selling pressure today and they both are trading with a cut of more than 3% reach.
The overall market breadth is negative 306 stocks are advancing while 2145 stocks are declining and the 42 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 224.87 points at 5,807.56 and the BSE small Cap slipped by 266.80 points to trade at 7,130.86.
At 12.30 pm, BSE Sensex was at 14,287.67 down by 283.62 points and Nifty was at 4,259.60 down by 87.95 points.
BSE IT index inclined by 17.09 points to trade at 4,221.71 as Satyam Computer (1.31%), HCL Technologies (0.68%), and Wipro (0.30%) are trading in green.
BSE Metal index dropped by 617.95 points to trade at 13,910.11. The major losers are Tata Steel (4.82%), Hindalco Industries (4.75%), Sterlite Industries (4.65%) and NALCO (3.66%).
BSE Capital goods index slipped by 510.67 points to 10,889.12. The main losers are ABB (4.85%), L&T (4.41%), Siemens (3.74%) and BHEL (3.40%).
BSE Realty decreased by 224.05 points to 5,159.76. Leading to its fall are Sobha Developers (6.16%), Unitech (5.42%), Omaxe (5.09%), Parsavnath (4.67%) and DLF (2.48%) are trading lower.
BSE Oil & Gas index was trading 284.62 points lower at 9,135.27 as Essar Oil (4.78%), RNRL (4.34%), Indian Oil (2.76%) and RPL (2.66%) are trading in red.
BSE Health Care Index is down by 119.47 points to 4,205.93. The main losers are Ranbaxy Lab. (5.41%), Pfizer (3.42%), Glenmark Pharma (3.20%) and Dr.Reddy (3.34%).
BSE Auto fell by 118.25 points to 3,924.61. Leading to its fall are Maruti Suzuki (4.44%), Mahindra & Mahindra (3.59%), Hero Honda (2.43%) and Tata Motors (1.90%).
BSE Power index decreased by 96.51 points to 2,443.33. The main losers are Suzlon Energy (4.84%), Tata Power (4.25%), Power Grid (2.92%) and NTPC (1.01%).
BSE Bankex index is trading lower by 164.95 points at 6,639.83. Losers are PNB (3.42%), SBI (2.48%), ICICI Bank (1.52%) and HDFC Bank (0.44%).
The overall market breadth is negative 306 stocks are advancing while 2145 stocks are declining and the 42 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 224.87 points at 5,807.56 and the BSE small Cap slipped by 266.80 points to trade at 7,130.86.
At 12.30 pm, BSE Sensex was at 14,287.67 down by 283.62 points and Nifty was at 4,259.60 down by 87.95 points.
BSE IT index inclined by 17.09 points to trade at 4,221.71 as Satyam Computer (1.31%), HCL Technologies (0.68%), and Wipro (0.30%) are trading in green.
BSE Metal index dropped by 617.95 points to trade at 13,910.11. The major losers are Tata Steel (4.82%), Hindalco Industries (4.75%), Sterlite Industries (4.65%) and NALCO (3.66%).
BSE Capital goods index slipped by 510.67 points to 10,889.12. The main losers are ABB (4.85%), L&T (4.41%), Siemens (3.74%) and BHEL (3.40%).
BSE Realty decreased by 224.05 points to 5,159.76. Leading to its fall are Sobha Developers (6.16%), Unitech (5.42%), Omaxe (5.09%), Parsavnath (4.67%) and DLF (2.48%) are trading lower.
BSE Oil & Gas index was trading 284.62 points lower at 9,135.27 as Essar Oil (4.78%), RNRL (4.34%), Indian Oil (2.76%) and RPL (2.66%) are trading in red.
BSE Health Care Index is down by 119.47 points to 4,205.93. The main losers are Ranbaxy Lab. (5.41%), Pfizer (3.42%), Glenmark Pharma (3.20%) and Dr.Reddy (3.34%).
BSE Auto fell by 118.25 points to 3,924.61. Leading to its fall are Maruti Suzuki (4.44%), Mahindra & Mahindra (3.59%), Hero Honda (2.43%) and Tata Motors (1.90%).
BSE Power index decreased by 96.51 points to 2,443.33. The main losers are Suzlon Energy (4.84%), Tata Power (4.25%), Power Grid (2.92%) and NTPC (1.01%).
BSE Bankex index is trading lower by 164.95 points at 6,639.83. Losers are PNB (3.42%), SBI (2.48%), ICICI Bank (1.52%) and HDFC Bank (0.44%).
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