The markets are still trading lower with some bit of volatility. The selling pressure continued across the board. The Metal, Oil & Gas, Auto, Banking, Power and Capital Goods stocks are facing the most selling pressure today. The BSE Mid Cap and the BSE Small Cap stocks are also trading lower with a cut of more than 2% each.The BSE Sensex now slipped below the 9,800 mark and the NSE Nifty below the 2,900 mark.
The overall market breadth is positive as 1405 stocks are advancing while 906 stocks are declining and the 64 stocks remained unchanged on BSE.
On the global market front, the Asian Markets are trading in deep red as Hang Seng index is trading lower by (7.47%), Nikkei 225 Index plunged by (6.53%) and the Straight Times index trading lower by (4.33%).
Ranbaxy Lab. reported the top gainer from the BSE Sensex pack as it was trading higher by (2.59%) at Rs.214 while Tata Steel reported the top loser down by (11.38%) at Rs.191.20.
The BSE Mid cap is lower by 81.28 points at 3,313.33 and the BSE small Cap slipped by 90.74 points to trade at 3,874.04.
At 12.31 pm, BSE Sensex was at 9,757.18 down by 362.83 points and the NSE Nifty was at 2,890.65 down by 104.30 points.
BSE Metal index dropped by 366.55 points at 5,085.19 as JSW Steel (10.49%), Tata Steel (9.90%), Hindalco Industries (9.30%), Sterlite Industries (7.92%) and Jindal Saw (7.89%) are trading in red.
BSE Bankex index is trading lower by 154.69 points at 5,479.25. Losers are Bank of India (4.67%), IDBI Bank (4.96%), SBI (3.89%), ICICI Bank (2.79%) and HDFC Bank (2.14%).
BSE Oil & Gas index is trading 191.96 points lower at 5,920.15 as Essar Oil (6.19%), Cairn India (4.28%), RPL (3.66%) and Aban Offshore (3.26%) are trading in negative.
BSE Capital goods index slipped by 194.32 points to 7,397.32. The main losers are ABB (5.30%), Havells India (3.99%), Siemens (3.06%), BHEL (2.28%), L&T (2.28%).
BSE IT index declined by 21.13 points to trade at 2,713.22 as Financial Technologies (2.55%), Tech Mahindra (2.17%), Satyam Computer (1.90%), Mphasis (1.40%) and Infosys Technologies (1.26%) are trading in negative.
BSE Power index was trading 52.16 points lower at 1,684.76. The main losers are Tata Power (5.09%), Torent Power (5.08%), Reliance Power (4.93%), NTPC (2.47%).
BSE Realty index slipped by 50.44 points to 2,216.56. The major losers are Mahindra Life (6.30%), Omaxe Ltd. (4.95%), Sobha Developers (4.39%) and Parsavnath (2.89%).
BSE Auto declined by 76.37 points to 2,651.45. Leading to its fall are Tata Motors (10.65%), Ashok Leyland (6.99%), Bajaj Auto (5.77%) and Mahindra & Mahindra (2.68%).
The overall market breadth is positive as 1405 stocks are advancing while 906 stocks are declining and the 64 stocks remained unchanged on BSE.
On the global market front, the Asian Markets are trading in deep red as Hang Seng index is trading lower by (7.47%), Nikkei 225 Index plunged by (6.53%) and the Straight Times index trading lower by (4.33%).
Ranbaxy Lab. reported the top gainer from the BSE Sensex pack as it was trading higher by (2.59%) at Rs.214 while Tata Steel reported the top loser down by (11.38%) at Rs.191.20.
The BSE Mid cap is lower by 81.28 points at 3,313.33 and the BSE small Cap slipped by 90.74 points to trade at 3,874.04.
At 12.31 pm, BSE Sensex was at 9,757.18 down by 362.83 points and the NSE Nifty was at 2,890.65 down by 104.30 points.
BSE Metal index dropped by 366.55 points at 5,085.19 as JSW Steel (10.49%), Tata Steel (9.90%), Hindalco Industries (9.30%), Sterlite Industries (7.92%) and Jindal Saw (7.89%) are trading in red.
BSE Bankex index is trading lower by 154.69 points at 5,479.25. Losers are Bank of India (4.67%), IDBI Bank (4.96%), SBI (3.89%), ICICI Bank (2.79%) and HDFC Bank (2.14%).
BSE Oil & Gas index is trading 191.96 points lower at 5,920.15 as Essar Oil (6.19%), Cairn India (4.28%), RPL (3.66%) and Aban Offshore (3.26%) are trading in negative.
BSE Capital goods index slipped by 194.32 points to 7,397.32. The main losers are ABB (5.30%), Havells India (3.99%), Siemens (3.06%), BHEL (2.28%), L&T (2.28%).
BSE IT index declined by 21.13 points to trade at 2,713.22 as Financial Technologies (2.55%), Tech Mahindra (2.17%), Satyam Computer (1.90%), Mphasis (1.40%) and Infosys Technologies (1.26%) are trading in negative.
BSE Power index was trading 52.16 points lower at 1,684.76. The main losers are Tata Power (5.09%), Torent Power (5.08%), Reliance Power (4.93%), NTPC (2.47%).
BSE Realty index slipped by 50.44 points to 2,216.56. The major losers are Mahindra Life (6.30%), Omaxe Ltd. (4.95%), Sobha Developers (4.39%) and Parsavnath (2.89%).
BSE Auto declined by 76.37 points to 2,651.45. Leading to its fall are Tata Motors (10.65%), Ashok Leyland (6.99%), Bajaj Auto (5.77%) and Mahindra & Mahindra (2.68%).
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