strong selling pressure continued across the board mainly led by the IT, Metal, Realty, Capital Goods, Banking and Power stocks. The BSE Mid Cap and the BSE Small Cap are however trading flat. The news of failure of US auto bailout by the US senate has added to the negative sentiments today. Further, much eyed on the IIP number for the month of October fell for the first time in many years by 0.4% in October, due to the softened by manufacturing sector. Manufacturing sector, which accounts for 80% of the index, declined 1.2 per cent from 13.8 per cent in the year-ago period. The Index for Industrial Production numbers for the seven-month period ended October was 4.1 per cent against 9.9 per cent a year ago.
The BSE Sensex is now trading around the 9,300 mark and the NSE Nifty trading around the 2,800 mark.
The overall market breadth is negative as 1018 stocks are advancing while 1042 stocks are declining and the 67 stocks remained unchanged on BSE.
On the global market front, the Asian markets are trading lower as Hang Seng, Nikkei, Shanghai Composite and Seoul Composite index are trading lower by (5.92%), (5.56%), (3.97%) and (4.38%) respectively.
Tata Power reported the top gainer from the BSE Sensex pack as it was trading higher by (0.27%) at Rs. 733 while Wipro the top loser down by (6.80%) at Rs. 233.
The BSE Mid cap is lower by 0.78 points at 3,002.30 while the BSE small Cap advanced by 14.58 points to trade at 3,458.17.
At 12.31 pm, BSE Sensex was at 9,388.20 down by 257.26 points while the NSE Nifty was at 2,839.70 down by 80.45 points.
BSE Auto declined by 42.36 points to 2,335.25. Leading to its fall are Tata Motors (5.01%), Maruti Suzuki (3.39%), Ashok Leyland (3.29%) and Mahindra & Mahindra (3.02%).
BSE IT index declined by 99.52 points to trade at 2,259.68 as Wipro (6.60%), HCL Technologies (6.19%), Infosys Technologies (4.32%), TCS (5.35%) and Satyam Computer (3.86%) are trading in negative.
BSE Metal index dropped by 158.89 points at 5,094.22 as JSW Steel (7.61%), Nalco (6.15%), Sterlite Industries (5.95%), SAIL (5.42%) and Tata Steel (5.30%) are trading in red.
BSE Bankex index is trading lower by 147.28 points at 4,856.02. Losers are Kotak Bank (5.84%), ICICI Bank (5.08%), SBI (3.69%), AXIS Bank (2.97%) and HDFC Bank (2.39%).
BSE Oil & Gas index is trading 64.61 points lower at 5,940.38 as Aban Offshore (3.71%), ONGC (3.44%), and RPL (2.98%) are trading in negative. However, HPCL (5.11), Cairn India (3.52%) and Essar Oil (1.86%) are trading in positive.
BSE Capital goods index slipped by 183.32 points to 6,626.95. The main losers are ABB (5.95%), Punj Lloyd (6.50%), Siemens (3.88%), L&T (3.70%) and BHEL (2.99%).
BSE Power index is trading 39.93 points lower at 1,715.91. The main losers are ABB (5.98%), Power Grid (4.68%), Suzlon Energy (3.20%), GVK Power (2.96%) and Torent Power (1.61%).
BSE Realty index fell by 60.50 points to 1,987.08. The major losers are India Bull Real (6.84%), Unitech (6.78%), HDIL (3.89%) and Omaxe Ltd. (3.54%).
The BSE Sensex is now trading around the 9,300 mark and the NSE Nifty trading around the 2,800 mark.
The overall market breadth is negative as 1018 stocks are advancing while 1042 stocks are declining and the 67 stocks remained unchanged on BSE.
On the global market front, the Asian markets are trading lower as Hang Seng, Nikkei, Shanghai Composite and Seoul Composite index are trading lower by (5.92%), (5.56%), (3.97%) and (4.38%) respectively.
Tata Power reported the top gainer from the BSE Sensex pack as it was trading higher by (0.27%) at Rs. 733 while Wipro the top loser down by (6.80%) at Rs. 233.
The BSE Mid cap is lower by 0.78 points at 3,002.30 while the BSE small Cap advanced by 14.58 points to trade at 3,458.17.
At 12.31 pm, BSE Sensex was at 9,388.20 down by 257.26 points while the NSE Nifty was at 2,839.70 down by 80.45 points.
BSE Auto declined by 42.36 points to 2,335.25. Leading to its fall are Tata Motors (5.01%), Maruti Suzuki (3.39%), Ashok Leyland (3.29%) and Mahindra & Mahindra (3.02%).
BSE IT index declined by 99.52 points to trade at 2,259.68 as Wipro (6.60%), HCL Technologies (6.19%), Infosys Technologies (4.32%), TCS (5.35%) and Satyam Computer (3.86%) are trading in negative.
BSE Metal index dropped by 158.89 points at 5,094.22 as JSW Steel (7.61%), Nalco (6.15%), Sterlite Industries (5.95%), SAIL (5.42%) and Tata Steel (5.30%) are trading in red.
BSE Bankex index is trading lower by 147.28 points at 4,856.02. Losers are Kotak Bank (5.84%), ICICI Bank (5.08%), SBI (3.69%), AXIS Bank (2.97%) and HDFC Bank (2.39%).
BSE Oil & Gas index is trading 64.61 points lower at 5,940.38 as Aban Offshore (3.71%), ONGC (3.44%), and RPL (2.98%) are trading in negative. However, HPCL (5.11), Cairn India (3.52%) and Essar Oil (1.86%) are trading in positive.
BSE Capital goods index slipped by 183.32 points to 6,626.95. The main losers are ABB (5.95%), Punj Lloyd (6.50%), Siemens (3.88%), L&T (3.70%) and BHEL (2.99%).
BSE Power index is trading 39.93 points lower at 1,715.91. The main losers are ABB (5.98%), Power Grid (4.68%), Suzlon Energy (3.20%), GVK Power (2.96%) and Torent Power (1.61%).
BSE Realty index fell by 60.50 points to 1,987.08. The major losers are India Bull Real (6.84%), Unitech (6.78%), HDIL (3.89%) and Omaxe Ltd. (3.54%).
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