The markets have given up all of their opening gains and are trading lower. The investors hesitant to take any fresh position ahead of the weekend. All the sectorial indices are trading in red mainly led by the Capital Goods, Oil & Gas, Auto, Metal, IT and realty stocks. The BSE Mid Cap and the BSE Small Cap index are also trading lower with a cut of 1% each.
The BSE Sensex is now trading below the 9,400 mark and the NSE Nifty is hovering near the 2,800 mark.
The overall market breadth is negative as 806 stocks are advancing while 1382 stocks are declining and the 96 stocks remained unchanged on BSE.
On the global market front, the Asian Markets are trading higher as Hang Seng, Nikkei 225, Shanghai Composite and Straits Times are trading higher by (3.03%), (2.72%), (1.80%) and (1.40%) respectively.
Bharti Airtel reported the top gainer from the BSE Sensex pack as it was trading higher by (3.05%) at Rs. 650.50 while BHEL reported the top loser down by (5.23%) at Rs.1,267.05.
The BSE Mid cap is lower by 50.16 points at 3,231.11 and the BSE small Cap slipped by 33.76 points to trade at 3,779.62.
At 12.31 pm, BSE Sensex was at 9,378.22 down by 158.11 points while the NSE Nifty was at 2,816.65 down by 31.80 points.
BSE Metal index dropped by 132.92 points at 4,908.97 as JSW Steel (6.68%), SAIL (4.66%), Sterlite Industries (4.45%), Ispat Industries (3.98%) and Jindal Saw (3.84%) are trading in red.
BSE Bankex index is trading lower by 73.89 points at 5,113.78. Losers are Axis Bank (4.90%), Kotak Bank (4.76%), ICICI Bank (1.94%), Bank of Baroda (1.72%) and Union Bank (0.73%).
BSE Oil & Gas index is trading 152.73 points lower at 5,594.81 as Aban Offshore (2.26%), Gail India (1.49%), RPL (0.56%) and Indian Oil (0.37%) are trading in negative.
BSE Capital goods index slipped by 229.74 points to 7,027.79. The main losers are BHEL (4.70%), Punj Lloyd (5.50%), L&T (2.97%), Praj Industries (2.51%) and BEML (2.22%).
BSE IT index declined by 54.74 points to trade at 2,578.15 as Tech Mahindra (5.10%), Wipro (4.26%), Infosys Technologies (3.12%), Satyam Computer (0.04%) are trading in negative.
BSE Power index is trading 27.01 points lower at 1,688.83. The main losers are Suzlon Energy (5.33%), Torent Power (1.83%), GVK Power (1.05%), Power Grid (1.02%).
BSE Realty index slipped by 9.72 points to 2,036.92. The major losers are Unitech (4.59%), DLF (4.13%), India Bull Real (2.89%) and Omaxe Ltd. (1.86%).
BSE Auto declined by 62.61 points to 2,479.58. Leading to its fall are Hero Honda (4.30%), Tata Motors (3.78%), Mahindra & Mahindra (3.59%) and Ashok Leyland (2.53%).
The BSE Sensex is now trading below the 9,400 mark and the NSE Nifty is hovering near the 2,800 mark.
The overall market breadth is negative as 806 stocks are advancing while 1382 stocks are declining and the 96 stocks remained unchanged on BSE.
On the global market front, the Asian Markets are trading higher as Hang Seng, Nikkei 225, Shanghai Composite and Straits Times are trading higher by (3.03%), (2.72%), (1.80%) and (1.40%) respectively.
Bharti Airtel reported the top gainer from the BSE Sensex pack as it was trading higher by (3.05%) at Rs. 650.50 while BHEL reported the top loser down by (5.23%) at Rs.1,267.05.
The BSE Mid cap is lower by 50.16 points at 3,231.11 and the BSE small Cap slipped by 33.76 points to trade at 3,779.62.
At 12.31 pm, BSE Sensex was at 9,378.22 down by 158.11 points while the NSE Nifty was at 2,816.65 down by 31.80 points.
BSE Metal index dropped by 132.92 points at 4,908.97 as JSW Steel (6.68%), SAIL (4.66%), Sterlite Industries (4.45%), Ispat Industries (3.98%) and Jindal Saw (3.84%) are trading in red.
BSE Bankex index is trading lower by 73.89 points at 5,113.78. Losers are Axis Bank (4.90%), Kotak Bank (4.76%), ICICI Bank (1.94%), Bank of Baroda (1.72%) and Union Bank (0.73%).
BSE Oil & Gas index is trading 152.73 points lower at 5,594.81 as Aban Offshore (2.26%), Gail India (1.49%), RPL (0.56%) and Indian Oil (0.37%) are trading in negative.
BSE Capital goods index slipped by 229.74 points to 7,027.79. The main losers are BHEL (4.70%), Punj Lloyd (5.50%), L&T (2.97%), Praj Industries (2.51%) and BEML (2.22%).
BSE IT index declined by 54.74 points to trade at 2,578.15 as Tech Mahindra (5.10%), Wipro (4.26%), Infosys Technologies (3.12%), Satyam Computer (0.04%) are trading in negative.
BSE Power index is trading 27.01 points lower at 1,688.83. The main losers are Suzlon Energy (5.33%), Torent Power (1.83%), GVK Power (1.05%), Power Grid (1.02%).
BSE Realty index slipped by 9.72 points to 2,036.92. The major losers are Unitech (4.59%), DLF (4.13%), India Bull Real (2.89%) and Omaxe Ltd. (1.86%).
BSE Auto declined by 62.61 points to 2,479.58. Leading to its fall are Hero Honda (4.30%), Tata Motors (3.78%), Mahindra & Mahindra (3.59%) and Ashok Leyland (2.53%).
No comments:
Post a Comment