The markets are now trading in deep red as strong selling pressure continued across the board. The sell off continues among the Banking, Consumer Durables, Metal, Capital Goods, Realty and Auto stocks. The Oil exploration firms stocks are trading under pressure after crude slipped below $40 a barrel mark amid signs the global economic downturn is further drying up fuel demand.
The BSE Sensex is now trading below the 9,700 mark and the NSE Nifty trading below the 3,000 mark.
The overall market breadth is negative as 609 stocks are advancing while 1501 stocks are declining and the 55 stocks remain unchanged on BSE.
On the global market front, the Asian markets are trading lower as the Hang Seng, Shanghai Composite, Straits Times and Seoul Composite index are trading lower by (3.08%), (2.79%), (1.10%) and (2.99%) respectively. However, the Japanese markets were closed for the Emperor''s Birthday holiday.
ACC reported the top gainer from the BSE Sensex pack as it was trading higher by (0.79%) at Rs. 491.75 while Jai Prakash Associate the top loser down by (9.15%) at Rs.79.40.
The BSE Mid cap is lower by 68.33 points at 3,191.46 and the BSE small Cap slipped by 76.94 points to trade at 3,658.01.
At 12.35 pm, BSE Sensex was at 9,694.83 down by 233.52 points and the NSE Nifty was at 2,970.60 down by 68.70 points.
BSE Auto declined by 51.91 points to 2,474.79. Leading to its loss are Tata Motors (5.90%), Mahindra & Mahindra (3.38%), Maruti Suzuki (3.33%) and Ashok Leyland (2.31%).
BSE IT index declined by 37.40 points to trade at 2,297.34 as HCL Technologies (6.64%), Satyam Computer (5.48%), TCS (1.77%) and Tech Mahindra (1.73%) are trading in negative.
BSE Metal index dropped by 120.51 points to 5,231.97 as Sterlite Industries (4.26%), Jindal Steel (3.79%), SAIL (3.34%), Tata Steel (3.44%) and Ispat Industries (3.01%) are trading in red.
BSE Bankex index is trading lower by 138.46 points at 5,353.32. Losers are Axis Bank (5.13%), IDBI Bank (4.80%), Kotak Bank (4.44%), PNB (3.81%) and ICICI Bank (3.15%).
BSE Oil & Gas index is trading 97.57 points lower at 6,151.63 as Gail India (3.36%), HPCL (3.04%), ONGC (2.85%), RPL (2.20%) and Reliance Industries (1.91%) are trading in negative.
BSE Capital goods index slipped by 195.87 points to 6,929.16. The main losers are Praj Industries (4.92%), L&T (4.19%), Punj Lloyd (3.21%) and BHEL (1.76%).
BSE Power index is trading 26.40 points lower at 1,823.32. The main losers are Suzlon Energy (3.80%), GVK Power (2.84%), Tata Power (1.85%), Torent Power (1.80%) and NTPC (1.35%).
BSE Realty index declined by 58.89 points to 2,469.75. The major losers are Ansal Infra (4.96%), HDIL (3.97%), India Bull Real (3.65%), Omaxe Ltd. (3.22%) and Mahindra Life (3.16%).
The BSE Sensex is now trading below the 9,700 mark and the NSE Nifty trading below the 3,000 mark.
The overall market breadth is negative as 609 stocks are advancing while 1501 stocks are declining and the 55 stocks remain unchanged on BSE.
On the global market front, the Asian markets are trading lower as the Hang Seng, Shanghai Composite, Straits Times and Seoul Composite index are trading lower by (3.08%), (2.79%), (1.10%) and (2.99%) respectively. However, the Japanese markets were closed for the Emperor''s Birthday holiday.
ACC reported the top gainer from the BSE Sensex pack as it was trading higher by (0.79%) at Rs. 491.75 while Jai Prakash Associate the top loser down by (9.15%) at Rs.79.40.
The BSE Mid cap is lower by 68.33 points at 3,191.46 and the BSE small Cap slipped by 76.94 points to trade at 3,658.01.
At 12.35 pm, BSE Sensex was at 9,694.83 down by 233.52 points and the NSE Nifty was at 2,970.60 down by 68.70 points.
BSE Auto declined by 51.91 points to 2,474.79. Leading to its loss are Tata Motors (5.90%), Mahindra & Mahindra (3.38%), Maruti Suzuki (3.33%) and Ashok Leyland (2.31%).
BSE IT index declined by 37.40 points to trade at 2,297.34 as HCL Technologies (6.64%), Satyam Computer (5.48%), TCS (1.77%) and Tech Mahindra (1.73%) are trading in negative.
BSE Metal index dropped by 120.51 points to 5,231.97 as Sterlite Industries (4.26%), Jindal Steel (3.79%), SAIL (3.34%), Tata Steel (3.44%) and Ispat Industries (3.01%) are trading in red.
BSE Bankex index is trading lower by 138.46 points at 5,353.32. Losers are Axis Bank (5.13%), IDBI Bank (4.80%), Kotak Bank (4.44%), PNB (3.81%) and ICICI Bank (3.15%).
BSE Oil & Gas index is trading 97.57 points lower at 6,151.63 as Gail India (3.36%), HPCL (3.04%), ONGC (2.85%), RPL (2.20%) and Reliance Industries (1.91%) are trading in negative.
BSE Capital goods index slipped by 195.87 points to 6,929.16. The main losers are Praj Industries (4.92%), L&T (4.19%), Punj Lloyd (3.21%) and BHEL (1.76%).
BSE Power index is trading 26.40 points lower at 1,823.32. The main losers are Suzlon Energy (3.80%), GVK Power (2.84%), Tata Power (1.85%), Torent Power (1.80%) and NTPC (1.35%).
BSE Realty index declined by 58.89 points to 2,469.75. The major losers are Ansal Infra (4.96%), HDIL (3.97%), India Bull Real (3.65%), Omaxe Ltd. (3.22%) and Mahindra Life (3.16%).
No comments:
Post a Comment