With the bears calling the shots, the market, which took global cues and opened on a dismal note this morning, has slipped far deeper into the red now.Reflecting the sharp fall in prices, the Sensex is now down with a huge loss of 286.74 points or 1.79% at 15,776.44, slightly off a low of 15,765.89 it had touched a little while ago. The Nifty is down 1.73% or 82 points at 4657.60.
Realty, power, information technology, capital goods and PSU stocks have taken a severe beating. Mirroring the sharp decline in prices of key stocks from these sectors, the respective sectoral indices have gone down by 2% - 3.25% now.
Consumer durables, metal and FMCG stocks have also suffered sharp losses. A few stocks from banking, auto and pharma sectors have come off their lower levels thanks to renewed buying interest. Oil stocks have fared relatively better and BSE Oil & Gas (up 0.31%) is the only sectoral index in the positive zone at present.
Besides a number of large cap stocks, several stocks from midcap and smallcap segments too have plunged sharply this morning. The BSE Midcap index has lost 1.7% while the Smallcap barometer is down with a sharp loss of 1.92%.
The market breadth remains extremely negative. Out of 1981 stocks traded on BSE this morning, as many as 1655 stocks have posted losses. 293 stocks have bucked the trend and posted gains. 33 stocks trade flat.
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