The market pares most of its initial losses to come up from the day''s low as the buying is seen from the selective indices scrips. The market opened with marginal gains but soon lost the momentum as the selling pressure prevails. The market breadth is weak as 1,810 stocks are declining as against 602 stocks that are advancing.
At 11.33AM, BSE Sensex is trading lower by 17 points at 17,742 and NSE Nifty is trading down by 3 points at 5,164.60.
Scrips from the losers pack of BSE are Spice Telecom trading lower by (7.67%) at Rs35.50 along with HDIL by (7.29%) at Rs840.10, Hindalco Industries by (6.76%) at Rs164.20, HTMT Global by (6.10%) at Rs304.80, Jindal Saw by (6.01%) at Rs835, Aurobindo Pharma by (5.95%) at Rs313.
The bankex index is trading lower by 120.66 points at 10,779.20. Pulling it are IOB trading down by (4.88%) at Rs156.05 followed by Oriental bank by (4.23%) at Rs255, BOI by (3.09%) at Rs356.05, PNB by (2.67%) at Rs653, Axis bank by (2.52%) at Rs1073, SBI by (2.37%) at Rs2168
The Health Care index is trading down by 53.99 points at 3,600.46 as Aurobindo Pharma is trading lower by (5.95%) at Rs313 followed by Bilcare by (3.76%) at Rs945, Nicholas Piramal by (2.91%) at Rs298.85, Matrix Labs by (2.88%) at Rs165,.
BPCL is trading higher by (4.74%) at Rs376 as the company is considering a proposal to acquire the assets of the beleaguered SPIC petrochemicals. A subsidiary of A C Muthiah-owned Southern Petrochemical Industries Corporation (SPIC), SPIC Petrochemicals got entangled into financial problems after its 315,000 tpa PTA/80,000 tpa PFY projects, conceived almost a decade back.
Bharti Airtel is trading up by (1.05%) at Rs863 as the company has reported a 42% growth in net profit to Rs1,722 crore for the third quarter ended December 2007 as compared to Rs1,215 crore in the corresponding quarter previous year. Also the company was allotted additional spectrum in five circles from the Department of Telecom, which would enable it to meet its expansion requirements.
At 11.33AM, BSE Sensex is trading lower by 17 points at 17,742 and NSE Nifty is trading down by 3 points at 5,164.60.
Scrips from the losers pack of BSE are Spice Telecom trading lower by (7.67%) at Rs35.50 along with HDIL by (7.29%) at Rs840.10, Hindalco Industries by (6.76%) at Rs164.20, HTMT Global by (6.10%) at Rs304.80, Jindal Saw by (6.01%) at Rs835, Aurobindo Pharma by (5.95%) at Rs313.
The bankex index is trading lower by 120.66 points at 10,779.20. Pulling it are IOB trading down by (4.88%) at Rs156.05 followed by Oriental bank by (4.23%) at Rs255, BOI by (3.09%) at Rs356.05, PNB by (2.67%) at Rs653, Axis bank by (2.52%) at Rs1073, SBI by (2.37%) at Rs2168
The Health Care index is trading down by 53.99 points at 3,600.46 as Aurobindo Pharma is trading lower by (5.95%) at Rs313 followed by Bilcare by (3.76%) at Rs945, Nicholas Piramal by (2.91%) at Rs298.85, Matrix Labs by (2.88%) at Rs165,.
BPCL is trading higher by (4.74%) at Rs376 as the company is considering a proposal to acquire the assets of the beleaguered SPIC petrochemicals. A subsidiary of A C Muthiah-owned Southern Petrochemical Industries Corporation (SPIC), SPIC Petrochemicals got entangled into financial problems after its 315,000 tpa PTA/80,000 tpa PFY projects, conceived almost a decade back.
Bharti Airtel is trading up by (1.05%) at Rs863 as the company has reported a 42% growth in net profit to Rs1,722 crore for the third quarter ended December 2007 as compared to Rs1,215 crore in the corresponding quarter previous year. Also the company was allotted additional spectrum in five circles from the Department of Telecom, which would enable it to meet its expansion requirements.
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