The market today opens flat despite the fact that the Fed has cut the interest rate by 50 basis points. The BSE Sensex and Nifty slipped into red after a few minutes of trading. The heavy selling emerged across the board in the opening trade mainly led by the stocks like Metal, Realty Capital Goods and Oil & Gas stocks.
The overall market breadth is negative as 386 stocks are advancing whereas 1,613 stocks are declining on BSE.
At 10.32AM, the BSE Sensex was down by 274 points at 17,485 and the Nifty was down by 93.50 points to 5,074.10.
The BSE Mid Cap decreased by 220 points to 7,609 and the BSE Small Cap slipped by 249 points to 9,898.
Bajaj Auto reported the top gainer from the BSE Sensex pack. It was up by (1.60%) at Rs.2,305 while Hindalco Industries reported the top loser, declined by (5.11%) at Rs.167.
BSE Realty index slipped by 238.20 points to trade at 9,909.99. The top losers are Ansal Infrastructure declined by (7.25%) to Rs.238, HDIL decreased by (9.18%) at Rs.823, Omaxe Ltd. fell by (4.07%) to Rs.282.90 and Purvankara trading with a loss of (2.75%) at Rs.350.
BSE Metal index dropped by 336.59 points to trade at 15,069.74. The major losers are Hindalco Industries, Tata Steel, SAIL and Sterlite Industries fell by (5.11%), (2.90%), (2.27%) and (1.30%) to Rs.167, Rs.702, Rs.215 and Rs.761 respectively
TCS dropped by (1.49%) to Rs.857. The company''s European subsidiary Diligenta has managed to bag a $200-million order from Canadian financial services major Sun Life Financial. The order is to outsourced services to to the Canadian company for 10-year.
The overall market breadth is negative as 386 stocks are advancing whereas 1,613 stocks are declining on BSE.
At 10.32AM, the BSE Sensex was down by 274 points at 17,485 and the Nifty was down by 93.50 points to 5,074.10.
The BSE Mid Cap decreased by 220 points to 7,609 and the BSE Small Cap slipped by 249 points to 9,898.
Bajaj Auto reported the top gainer from the BSE Sensex pack. It was up by (1.60%) at Rs.2,305 while Hindalco Industries reported the top loser, declined by (5.11%) at Rs.167.
BSE Realty index slipped by 238.20 points to trade at 9,909.99. The top losers are Ansal Infrastructure declined by (7.25%) to Rs.238, HDIL decreased by (9.18%) at Rs.823, Omaxe Ltd. fell by (4.07%) to Rs.282.90 and Purvankara trading with a loss of (2.75%) at Rs.350.
BSE Metal index dropped by 336.59 points to trade at 15,069.74. The major losers are Hindalco Industries, Tata Steel, SAIL and Sterlite Industries fell by (5.11%), (2.90%), (2.27%) and (1.30%) to Rs.167, Rs.702, Rs.215 and Rs.761 respectively
TCS dropped by (1.49%) to Rs.857. The company''s European subsidiary Diligenta has managed to bag a $200-million order from Canadian financial services major Sun Life Financial. The order is to outsourced services to to the Canadian company for 10-year.
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