After a positive start and a subsequent fall from higher levels, the market has slipped into the red now due to heavy selling in some blue chip stocks from large as well as midcap segments.
The Sensex, which opened at 17,523.81 this morning, has tumbled to 17,146.97 now, netting a big loss of 202.10 points or 1.16%. The Nifty is down 1.02% or 52.35 points at 5058.40. Earlier, after opening at 5112.25, the Nifty had spurted to 5166.90.
HDFC Bank, the biggest loser in the index at present, is down by 4.4% at Rs 1410. ICICI Bank and Bajaj Auto have lost more than 3%. Hindalco and Tata Steel are down by 2.85% and 2.15% respectively. Mahindra & Mahindra has lost 2.15%. Bharti Airtel, DLF and State Bank of India have also declined sharply.
Tata Consultancy Services, Reliance Industries, Reliance Communications, Satyam Computer Services, Reliance Energy, Larsen & Toubro, ACC, Ambuja Cements, Cipla, NTPC, Hindustan Unilever and HDFC have also drifted down sharply from their earlier high levels.
Grasim Industries, ITC, Infosys Technologies, Maruti Suzuki, ONGC, Tata Motors and Wipro hold on in the positive territory with notable gains.
Suzlon Energy, Sterlite Industries, SAIL, Reliance Petroleum, Punjab National Bank and Unitech are down with sharp losses. HCL Technologies (2.15%), Siemens (1.25%), GAIL India (0.75%) and Idea Cellular (0.75%) continue to trade positive.
Tulsi Extrusions has made a fairly strong debut this morning. At Rs 118.70, the stock is up 39.65% over its issue price of Rs 85. Around 6.85 million shares have been traded so far at the Tulsi Extrusions counter on the National Stock Exchange.
IRB Infrastructure, another stock to make its debut today, moved up to a high of Rs 200 in early trade but slipped to Rs 168 subsequently on selling pressure. At present, the stock is down with a loss of 1.95% at 181.40. Over 7.3 million shares have been traded so far at the IRB counter on NSE this morning.
The Sensex, which opened at 17,523.81 this morning, has tumbled to 17,146.97 now, netting a big loss of 202.10 points or 1.16%. The Nifty is down 1.02% or 52.35 points at 5058.40. Earlier, after opening at 5112.25, the Nifty had spurted to 5166.90.
HDFC Bank, the biggest loser in the index at present, is down by 4.4% at Rs 1410. ICICI Bank and Bajaj Auto have lost more than 3%. Hindalco and Tata Steel are down by 2.85% and 2.15% respectively. Mahindra & Mahindra has lost 2.15%. Bharti Airtel, DLF and State Bank of India have also declined sharply.
Tata Consultancy Services, Reliance Industries, Reliance Communications, Satyam Computer Services, Reliance Energy, Larsen & Toubro, ACC, Ambuja Cements, Cipla, NTPC, Hindustan Unilever and HDFC have also drifted down sharply from their earlier high levels.
Grasim Industries, ITC, Infosys Technologies, Maruti Suzuki, ONGC, Tata Motors and Wipro hold on in the positive territory with notable gains.
Suzlon Energy, Sterlite Industries, SAIL, Reliance Petroleum, Punjab National Bank and Unitech are down with sharp losses. HCL Technologies (2.15%), Siemens (1.25%), GAIL India (0.75%) and Idea Cellular (0.75%) continue to trade positive.
Tulsi Extrusions has made a fairly strong debut this morning. At Rs 118.70, the stock is up 39.65% over its issue price of Rs 85. Around 6.85 million shares have been traded so far at the Tulsi Extrusions counter on the National Stock Exchange.
IRB Infrastructure, another stock to make its debut today, moved up to a high of Rs 200 in early trade but slipped to Rs 168 subsequently on selling pressure. At present, the stock is down with a loss of 1.95% at 181.40. Over 7.3 million shares have been traded so far at the IRB counter on NSE this morning.
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