The market has lost further grounds after the Reserve Bank of India has raised the repo rate by 50 basis points to 9% from 8.5%. The central bank has also raised the CRR by 25 basis points to 9%. This will come into effect from August 30. All the BSE indices are trading in deep red. The most selling is seen in the Bank, Realty, Capital Goods and Auto stocks. The BSE Sensex has slipped below the 14000 mark and the NSE Nifty below the 4200 mark.
The overall market breadth is negative as 818 stocks are advancing while 1481 stocks are declining and the 74 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 111.15 points at 5,519.62 and the BSE small Cap is down by 57.65 points to trade at 6,855.32.
At 12.30 pm, BSE Sensex was at 13,831.90 down by 517.21 points and the NSE Nifty was at 4,185.45 down by 146.65 points.
BSE Capital goods index dropped by 432.53 points to 11,474.28. The main losers are Siemens (5.1%), L&T (4.89%), BHEL (3.72%) and ABB (1.73%).
BSE Bankex index is trading lower by 343.72 points at 6,418.10. Losers are HDFC Bank (8.62%), PNB (8.16%), ICICI Bank (6.66%) and SBI (5.19%).
BSE Metal index dropped by 223.50 points at 12,143.22 as SAIL (5.33%), Hindalco Industries (4.21%), Tata Steel (2.86%) and NALCO (2.51%) are trading in red.
BSE Oil & Gas index was trading 205.25 points lower at 9,447.65 as BPCL (5.92%), ONGC (3.52%), RPL (2.21%) and Gail India (2.14%) are trading in negative.
BSE Realty index slipped by 175.85 points to 4,903.27. The major losers are India Bull Real (9.91%), Unitech (6.53%), DLF (5.52%) and Sobha Developers (3.90%).
BSE Auto index decreased by 98.10 points to 3,625.70. The top losers are Maruti Suzuki (6.98%), Mahindra & Mahindra (6.27%), Tata Motors (5.84%) and Hero Honda (2.67%).
BSE Power index decreased by 69.07 points to 2,510.74. Losers are Power Grid (4.53%), NTPC (3.38%), Tata Power (1.14%) and Suzlon Energy (0.87%).
BSE IT index declined by 51.84 points to trade at 3,554.97 as Satyam Computer (1.74%), Infosys Technologies (1.37%) and TCS (1.36%) trading in negative.
The overall market breadth is negative as 818 stocks are advancing while 1481 stocks are declining and the 74 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 111.15 points at 5,519.62 and the BSE small Cap is down by 57.65 points to trade at 6,855.32.
At 12.30 pm, BSE Sensex was at 13,831.90 down by 517.21 points and the NSE Nifty was at 4,185.45 down by 146.65 points.
BSE Capital goods index dropped by 432.53 points to 11,474.28. The main losers are Siemens (5.1%), L&T (4.89%), BHEL (3.72%) and ABB (1.73%).
BSE Bankex index is trading lower by 343.72 points at 6,418.10. Losers are HDFC Bank (8.62%), PNB (8.16%), ICICI Bank (6.66%) and SBI (5.19%).
BSE Metal index dropped by 223.50 points at 12,143.22 as SAIL (5.33%), Hindalco Industries (4.21%), Tata Steel (2.86%) and NALCO (2.51%) are trading in red.
BSE Oil & Gas index was trading 205.25 points lower at 9,447.65 as BPCL (5.92%), ONGC (3.52%), RPL (2.21%) and Gail India (2.14%) are trading in negative.
BSE Realty index slipped by 175.85 points to 4,903.27. The major losers are India Bull Real (9.91%), Unitech (6.53%), DLF (5.52%) and Sobha Developers (3.90%).
BSE Auto index decreased by 98.10 points to 3,625.70. The top losers are Maruti Suzuki (6.98%), Mahindra & Mahindra (6.27%), Tata Motors (5.84%) and Hero Honda (2.67%).
BSE Power index decreased by 69.07 points to 2,510.74. Losers are Power Grid (4.53%), NTPC (3.38%), Tata Power (1.14%) and Suzlon Energy (0.87%).
BSE IT index declined by 51.84 points to trade at 3,554.97 as Satyam Computer (1.74%), Infosys Technologies (1.37%) and TCS (1.36%) trading in negative.
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