The market slips down further on the back of heavy selling across the counters. Also, the closing of the market from 11.45 IST to 12.25 IST due to sun outage adds to the sentiments. The market breadth is weak as 1875 stocks are trading in red while 492 stocks are trading in green.
The market will remain closed from 11:45 IST to 12:25 IST due to sun outage. Trading time has been extended till 16:15 IST. The changes in timings will be applicable from today to 18 March 2008.
At 11.34AM, BSE Sensex is trading lower by 191 points at 16,487 and NSE Nifty is trading down by 58.05 points at 4,894.95
The Realty index is trading lower by 173.20 points at 8,780.75. Pulling it are Indbul Real trading lower by (7.25%) at Rs553.05 along with Penland by (4.98%) at Rs84, Akruti City by (4.71%) at Rs1042.65, HDIL by (3.78%) at Rs774.75, Ansal Infra by (3.21%) at Rs197.20.
The Bankex index is trading down by 91.17 points at 9,343.27 as Kotak bank trading lower by (4.19%) at Rs698.15 in line with Union bank by (3.78%) at Rs165.25, Canara bank by (3.50%) at Rs246.95, Axis bank by (2.93%) at Rs912.75, HDFC bank by (2.84%) at Rs1351, Oriental bank by (2.17%) at Rs232.50.
Mahindra and Mahindra is trading higher by (1.02%) at Rs695 as the company''s total automobile sales (excluding tractors) grew by 43.13% to 19,675 uints in February 2008 from 13,746 units reported during the same month last year.
Tata Motors is trading up by (0.86%) at Rs701 as the company announced price cuts for its small cars, buses and trucks in response to cut in excise duty and cenvat reduction. The cut in the price of Indica will be in the range of Rs 8,500- 14,600 and Indigo Compact Sedan will be between Rs 12,700-15,300. The prices of trucks and buses will be 2% cheaper.
Maruti Suzuki is trading higher by (4.26%) at Rs905 as the company has reported a growth of 1.3% in vehicle sales to 63,822 vehicles for the month of February 2007 as against 62,999 units in February 2007.
The market will remain closed from 11:45 IST to 12:25 IST due to sun outage. Trading time has been extended till 16:15 IST. The changes in timings will be applicable from today to 18 March 2008.
At 11.34AM, BSE Sensex is trading lower by 191 points at 16,487 and NSE Nifty is trading down by 58.05 points at 4,894.95
The Realty index is trading lower by 173.20 points at 8,780.75. Pulling it are Indbul Real trading lower by (7.25%) at Rs553.05 along with Penland by (4.98%) at Rs84, Akruti City by (4.71%) at Rs1042.65, HDIL by (3.78%) at Rs774.75, Ansal Infra by (3.21%) at Rs197.20.
The Bankex index is trading down by 91.17 points at 9,343.27 as Kotak bank trading lower by (4.19%) at Rs698.15 in line with Union bank by (3.78%) at Rs165.25, Canara bank by (3.50%) at Rs246.95, Axis bank by (2.93%) at Rs912.75, HDFC bank by (2.84%) at Rs1351, Oriental bank by (2.17%) at Rs232.50.
Mahindra and Mahindra is trading higher by (1.02%) at Rs695 as the company''s total automobile sales (excluding tractors) grew by 43.13% to 19,675 uints in February 2008 from 13,746 units reported during the same month last year.
Tata Motors is trading up by (0.86%) at Rs701 as the company announced price cuts for its small cars, buses and trucks in response to cut in excise duty and cenvat reduction. The cut in the price of Indica will be in the range of Rs 8,500- 14,600 and Indigo Compact Sedan will be between Rs 12,700-15,300. The prices of trucks and buses will be 2% cheaper.
Maruti Suzuki is trading higher by (4.26%) at Rs905 as the company has reported a growth of 1.3% in vehicle sales to 63,822 vehicles for the month of February 2007 as against 62,999 units in February 2007.
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