The market today collapsed in the opening trade as it opened in deep red following the news that RBI has hiked repo rate by 25 bps to 8% yesterday in order squeeze excess liquidity. All the BSE indices are trading in red in the opening bell. The most selling pressure is seen in the Realty, Bank, Power and Metal stocks. The BSE Sensex has gone below the 15000 level and is hovering around the 14800 mark and the Nse Nifty is trading around the 4400 mark. The BSE Mid Cap and BSE Small Cap both are trading with a cut of more than 1% each.
The overall market breadth is negative as 344 stocks are advancing whereas 1212 stocks are declining on BSE.
HDFC reported the top loser from the BSE Sensex pack, as it is trading with a loss of (7%) at Rs.2001 followed DLF the top loser down by (6.32%) at Rs.477.
At 10.30AM, the BSE Sensex was down by 357.71 points at 14,827.61 and the Nifty was down by 97.25 points to 4,426.35.
The BSE Mid Cap decreased by 104.92 points to 6,085.80 and the BSE Small Cap slipped by 93.29 points to 7,374.01.
BSE Realty index dropped by 266.60 points to trade at 5,537.06. The major losers are HDIL, DLF, Unitech and India Bull Real grew by (6.55%), (5.99%), (4.91%) and (4.04%) to Rs.539.05, Rs.480.60, Rs.175.30 and Rs.365.50 respectively.
BSE Bank index slipped by 259.21 points to trade at 6,759.21. The top losers are HDFC Bank declined by (5.35%) to Rs.1132.30, ICICI Bank decreased by (3.66%) at Rs.714.10 followed by SBI and PNB down by (2.97%) and (2.50%) to Rs.1271.05 and Rs.436.65.
The overall market breadth is negative as 344 stocks are advancing whereas 1212 stocks are declining on BSE.
HDFC reported the top loser from the BSE Sensex pack, as it is trading with a loss of (7%) at Rs.2001 followed DLF the top loser down by (6.32%) at Rs.477.
At 10.30AM, the BSE Sensex was down by 357.71 points at 14,827.61 and the Nifty was down by 97.25 points to 4,426.35.
The BSE Mid Cap decreased by 104.92 points to 6,085.80 and the BSE Small Cap slipped by 93.29 points to 7,374.01.
BSE Realty index dropped by 266.60 points to trade at 5,537.06. The major losers are HDIL, DLF, Unitech and India Bull Real grew by (6.55%), (5.99%), (4.91%) and (4.04%) to Rs.539.05, Rs.480.60, Rs.175.30 and Rs.365.50 respectively.
BSE Bank index slipped by 259.21 points to trade at 6,759.21. The top losers are HDFC Bank declined by (5.35%) to Rs.1132.30, ICICI Bank decreased by (3.66%) at Rs.714.10 followed by SBI and PNB down by (2.97%) and (2.50%) to Rs.1271.05 and Rs.436.65.
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