The markets are trading weak after strong opening today on the back of heavy selling seen across the sectors. Markets breadth has once again collapsed and the volume is low since opening today.
At 11.22 hrs IST, the Sensex is down 216.21 points or 1.22% at 17557.15, and the Nifty down 86.25 points or 1.66% at 5099.60. About 654 shares have advanced, 2318 shares declined, and 68 shares are unchanged.
Top gainers on the Sensex are HDFC Bank at Rs 1,432 up 2.25%, Satyam at Rs 448.60 up 0.93% and BHEL at Rs 2,173 up 0.90%.
Top losers on the Sensex are ACC at Rs 1,132.30 down 3.77%, NTPC at Rs 207 down 3.47% and Dr Reddys Labs at Rs 633 down 3.13%.
BSE Midcap was down over 2.4% at 7234.56 and the smallcap was down over 2.74% at 8852.61.
Most active shares on NSE are Power Grid Corp at Rs 98.50 with 27,102,706 shares, Reliance Energy at Rs 1,365.55 with 1,308,573 shares and Reliance Comm at Rs 637.85 with 2,711,584 shares.
Mkts lose early gains on profit booking; midcaps weak
The markets opened on very strong note today on account of heavy buying seen across the sectors backed by strong global cues. It could not sustain the early gains and succumbed to profit booking within 10 minutes of trade.
At 10.11 hrs IST, the Sensex is down 25.86 points or 0.15% at 17747.50, and the Nifty down 5.95 points or 0.11% at 5179.90. About 1257 shares have advanced, 1694 shares declined, and 89 shares are unchanged.
Major gainers in the opening trade were Bharti Airtel, Infosys, Reliance, Reliance Comm, MTNL and DLF.
Asian markets were trading firm. Hong Kong's Hang Seng surged 1.72% or 478.05 points at 28,309.57, Taiwan's Taiwan Weighted advanced 1.14% or 109.22 points at 9,726.48, Singapore's Straits Times rose 1.09% or 41.50 points at 3,864.12 and South Korea's Seoul Composite gained 1.01% or 20.10 points at 2,016.13.
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