The markets continued its losing streak and are trading in deep red as selling pressure continued across the board. The Banking, Power, IT, Metal, Capital Goods and Realty stocks are facing the most selling pressure today. The BSE Mid Cap and the BSE Small Cap index are also trading lower with a cut of 2% each.
The BSE Sensex is now trading below the 8,900 mark and the NSE Nifty below the 2,700 mark.
The overall market breadth is negative as 486 stocks are advancing while 1667 stocks are declining and the 75 stocks remained unchanged on BSE.
On the global market front, the Asian Markets are trading mostly lower as Nikkei 225, Shanghai Composite, Hang Seng and Straits Times index are trading lower by (2.28%), (6.22%), (5.59%) and (2.79%) respectively.
Wipro reported the top loser from the BSE Sensex pack as it was trading lower by (8.41%) at Rs. 230.75 followed by ICICI Bank down by (7.54%) at Rs.357.85.
The BSE Mid cap is lower by 67.06 points at 3,066.30 and the BSE small Cap slipped by 88.31 points to trade at 3,573.08.
At 12.31 pm, BSE Sensex was at 8,959.32 down by 331.69 points while the NSE Nifty was at 2,696.20 down by 103.35 points.
BSE Metal index dropped by 170.05 points at 4,553.05 as NALCO (7.96%), Sterlite Industries (5.79%), Gujarat NRE (4.51%), JSW Steel (4.31%) and SAIL (4.03%) are trading in red.
BSE Bankex index is trading lower by 230.50 points at 4,725.54. Losers are Kotak Bank (9.30%), ICICI Bank (7.04%), SBI (5.57%), AXIS Bank (5.67%) and HDFC Bank (4.45%).
BSE Oil & Gas index is trading 184.48 points lower at 5,474.16 as Essar Oil (4.96%), RNRL (4.91%), Aban Offshore (4.09%) and RPL (4.20%) are trading in negative.
BSE Capital goods index slipped by 230.19 points to 6,638.22. The main losers are ABB (6.54%), Siemens (4%), Punj Lloyd (4.82%), Praj Industries (3.29%) and Gammon India (3.56%).
BSE IT index declined by 118.27 points to trade at 2,450.22 as HCL Technologies (7.35%), Wipro (7.52%), Satyam Computer (5.16%), TCS (4.76%) are trading in negative.
BSE Power index is trading 66.79 points lower at 1,582.26. The main losers are Tata Power (6.27%), NTPC (5.16%), Power Grid (5.29%), Reliance Power (4.09%).
BSE Realty index slipped by 64.18 points to 1,843.33. The major losers are Unitech (5.85%), Parsavnath (5.37%), Ansal Infra (3.97%) and HDIL (3.84%).
BSE Auto declined by 49.18 points to 2,356.53. Leading to its fall are Mahindra & Mahindra (4.52%), Maruti Suzuki (3.41%), Bajaj Auto (2.91%) and Tata Motors (2.21%).
The BSE Sensex is now trading below the 8,900 mark and the NSE Nifty below the 2,700 mark.
The overall market breadth is negative as 486 stocks are advancing while 1667 stocks are declining and the 75 stocks remained unchanged on BSE.
On the global market front, the Asian Markets are trading mostly lower as Nikkei 225, Shanghai Composite, Hang Seng and Straits Times index are trading lower by (2.28%), (6.22%), (5.59%) and (2.79%) respectively.
Wipro reported the top loser from the BSE Sensex pack as it was trading lower by (8.41%) at Rs. 230.75 followed by ICICI Bank down by (7.54%) at Rs.357.85.
The BSE Mid cap is lower by 67.06 points at 3,066.30 and the BSE small Cap slipped by 88.31 points to trade at 3,573.08.
At 12.31 pm, BSE Sensex was at 8,959.32 down by 331.69 points while the NSE Nifty was at 2,696.20 down by 103.35 points.
BSE Metal index dropped by 170.05 points at 4,553.05 as NALCO (7.96%), Sterlite Industries (5.79%), Gujarat NRE (4.51%), JSW Steel (4.31%) and SAIL (4.03%) are trading in red.
BSE Bankex index is trading lower by 230.50 points at 4,725.54. Losers are Kotak Bank (9.30%), ICICI Bank (7.04%), SBI (5.57%), AXIS Bank (5.67%) and HDFC Bank (4.45%).
BSE Oil & Gas index is trading 184.48 points lower at 5,474.16 as Essar Oil (4.96%), RNRL (4.91%), Aban Offshore (4.09%) and RPL (4.20%) are trading in negative.
BSE Capital goods index slipped by 230.19 points to 6,638.22. The main losers are ABB (6.54%), Siemens (4%), Punj Lloyd (4.82%), Praj Industries (3.29%) and Gammon India (3.56%).
BSE IT index declined by 118.27 points to trade at 2,450.22 as HCL Technologies (7.35%), Wipro (7.52%), Satyam Computer (5.16%), TCS (4.76%) are trading in negative.
BSE Power index is trading 66.79 points lower at 1,582.26. The main losers are Tata Power (6.27%), NTPC (5.16%), Power Grid (5.29%), Reliance Power (4.09%).
BSE Realty index slipped by 64.18 points to 1,843.33. The major losers are Unitech (5.85%), Parsavnath (5.37%), Ansal Infra (3.97%) and HDIL (3.84%).
BSE Auto declined by 49.18 points to 2,356.53. Leading to its fall are Mahindra & Mahindra (4.52%), Maruti Suzuki (3.41%), Bajaj Auto (2.91%) and Tata Motors (2.21%).
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