FMCG, power, auto and realty stocks have come off their higher levels and a few stocks from these sectors have even slipped into the red due to lack of support. Pharma, metal, oil and capital goods stocks hold on in the positive territory with a good portion of their gains intact. Information technology and bank stocks continue to demand attention.
A fair amount of selling is seen at several midcap and smallcap counters this afternoon. The Midcap index, which had spurted to 6230.94 earlier in the day, has slipped to 6028.86, netting a small loss. The Smallcap barometer is down with a loss of 0.78% at 7307.96.
The market breadth has turned quite negative now. Out of a total of 2711 stocks traded on BSE, as many as 1690 stocks are down in the negative territory at present. 940 stocks are up in the positive zone and 81 stocks trade flat.
The Sensex, which has slipped to 15,082.92, around 380 points from its high, is up with a gain of 249.46 points or 1.68% at present. At 4598.40, the Nifty is 1.44% or 65.40 points ahead of its previous closing mark.
Hindustan Unilever has slipped by 2.6% to Rs 225. Hindalco is down with a sharp loss of 1.55%. Grasim Industries and Maruti Suzuki have eased by 0.75% and 0.55% respectively while Ranbaxy Laboratories, the other loser in the Sensex, is down marginally from its previous closing price.
Essar Shipping, Gujarat NRE Coke, Welspun Gujarat, Bharat Electronics, Godrej Industries, Spice Telecom, CESC, Hindustan Construction Company, Jai Corp and Reliance Industrial Infrastructure have lost 5% - 8%.
Thermax, Jet Airways, GVK Power, Voltas, Axis Bank, Cummins India, Shree Precoated Steels, Edelweiss Capital, Chambal Fertilizers & Chemicals and Hero Honda are among the other prominent losers.
A fair amount of selling is seen at several midcap and smallcap counters this afternoon. The Midcap index, which had spurted to 6230.94 earlier in the day, has slipped to 6028.86, netting a small loss. The Smallcap barometer is down with a loss of 0.78% at 7307.96.
The market breadth has turned quite negative now. Out of a total of 2711 stocks traded on BSE, as many as 1690 stocks are down in the negative territory at present. 940 stocks are up in the positive zone and 81 stocks trade flat.
The Sensex, which has slipped to 15,082.92, around 380 points from its high, is up with a gain of 249.46 points or 1.68% at present. At 4598.40, the Nifty is 1.44% or 65.40 points ahead of its previous closing mark.
Hindustan Unilever has slipped by 2.6% to Rs 225. Hindalco is down with a sharp loss of 1.55%. Grasim Industries and Maruti Suzuki have eased by 0.75% and 0.55% respectively while Ranbaxy Laboratories, the other loser in the Sensex, is down marginally from its previous closing price.
Essar Shipping, Gujarat NRE Coke, Welspun Gujarat, Bharat Electronics, Godrej Industries, Spice Telecom, CESC, Hindustan Construction Company, Jai Corp and Reliance Industrial Infrastructure have lost 5% - 8%.
Thermax, Jet Airways, GVK Power, Voltas, Axis Bank, Cummins India, Shree Precoated Steels, Edelweiss Capital, Chambal Fertilizers & Chemicals and Hero Honda are among the other prominent losers.
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