Stock prices drifted lower in early trade on the major Indian bourses this morning as weak global markets dampened investor sentiment once again.
Mirroring the sharp decline in prices of blue chip stocks, the Sensex plunged to 15,883.03 after opening at 15,950.29, around 135 points down from its previous closing mark. At present, the barometer is down with a loss 135.49 points or 0.84% at 15,951.34.
The Nifty, which tumbled to 4769.60 after opening at 4828.80, has edged up to 4801.15 but still remains in the red with a sharp loss of 0.57% or 27.70 points.
Information technology, bank, capital goods, power and realty stocks are among the prominent losers in opening deals. Auto and consumer durables stocks too are seen exhibiting weakness. Oil and pharma stocks remain subdued while select metal and FMCG stocks have posted notable gains.
HDFC Bank (down 2.6% at Rs 1403.05) is the most prominent loser in the Sensex. BHEL, DLF, ICICI Bank, Infosys Technologies, Jaiprakash Associates, Larsen & Toubro, NTPC, Reliance Industries, Reliance Energy and Tata Motors have lost 1% - 2%.
Satyam Computer Services is down nearly a per cent. Tata Consultancy Services, Wipro, State Bank of India, Ranbaxy Laboratories, Maruti Suzuki and Bharti Airtel also exhibit weakness.
Ambuja Cements, Cipla, Hindustan Unilever, Hindalco and ONGC have moved up sharply. ACC, ITC and Tata Steel have gained marginal ground in the positive territory.
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