The market today opens significantly lower on the back of weak cues from the global markets. The Bank, Pharma, Realty and Auto stocks are trading in deep red in the early trade. However, the Consumer Durables and Oil & Gas stocks are trading with satisfactory gains in the opening trade. The Mid Cap and Small Cap are however trading flat.
The overall market breadth is negative as 813 stocks are advancing whereas 997 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was down by 129.53 points at 17,100.41 and the Nifty was down by 41.50 points to 5,063.45.
The BSE Mid Cap decreased by 21.49 points to 7,084.57 while the BSE Small Cap advanced by 1.61 points to 8,660.22.
Hindalco Industries reported the top gainer from the BSE Sensex pack. It is trading with a gain of 1% at Rs.201.05 while ICICI Bank reported the top loser down by 2.23% at Rs.907.
BSE Bank dropped by 121.84 points to trade at 8,642.01. The top losers are ICICI Bank declined by (2.29%) to Rs.906, PNB decreased by (1.43%) at Rs.558.30 followed by HDFC Bank and SBI down by (1.38%) and (0.01%) to Rs.1,441 and Rs.1,652.65.
BSE Auto index slipped by 39.98 points to trade at 4,723.71. The major losers are Hero Honda, Maruti Suzuki, Tata Motors and Mahindra & Mahindra fell by (2.27%), (1.31%), (0.87%) and (0.29%) to Rs.784, Rs.804, Rs.672.85 and Rs.651.90 respectively.
Dr. Reddy is trading lower by (0.66%) at Rs.634.95. The company has reported a worse-than-expected 68 percent fall in quarterly profit at Rs.103 crores for the fiscal fourth quarter ended March, from Rs.325 crores a year earlier.
The overall market breadth is negative as 813 stocks are advancing whereas 997 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was down by 129.53 points at 17,100.41 and the Nifty was down by 41.50 points to 5,063.45.
The BSE Mid Cap decreased by 21.49 points to 7,084.57 while the BSE Small Cap advanced by 1.61 points to 8,660.22.
Hindalco Industries reported the top gainer from the BSE Sensex pack. It is trading with a gain of 1% at Rs.201.05 while ICICI Bank reported the top loser down by 2.23% at Rs.907.
BSE Bank dropped by 121.84 points to trade at 8,642.01. The top losers are ICICI Bank declined by (2.29%) to Rs.906, PNB decreased by (1.43%) at Rs.558.30 followed by HDFC Bank and SBI down by (1.38%) and (0.01%) to Rs.1,441 and Rs.1,652.65.
BSE Auto index slipped by 39.98 points to trade at 4,723.71. The major losers are Hero Honda, Maruti Suzuki, Tata Motors and Mahindra & Mahindra fell by (2.27%), (1.31%), (0.87%) and (0.29%) to Rs.784, Rs.804, Rs.672.85 and Rs.651.90 respectively.
Dr. Reddy is trading lower by (0.66%) at Rs.634.95. The company has reported a worse-than-expected 68 percent fall in quarterly profit at Rs.103 crores for the fiscal fourth quarter ended March, from Rs.325 crores a year earlier.
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