Market collapsed further after RBI announced the hike in Repo rate by 50 basis points to 9% and CRR by 25 basis points to 9%, which will be effective from 30th August 2008. Repo rate will be at 9% for the first time since October 2000 and CRR at 9% for the first time since November 1999. The BSE Sensex is trading below 13,800 level and NSE Nifty is below 4,200 mark. The BSE Bank index fell more than 8% and Reality index more than 6%. Banking, Capital Goods, Reality, Metal and Oil & Gas stocks are witnessing most of the selling pressure. Among the Sensex pack, 28 stocks are trading in red while only 2 are in green.
At 1.30PM, the BSE Sensex is trading lower by 557.70 points at 13,791.41 and NSE Nifty is down by 154.50 points at 4,177.60.
The BSE Mid Cap is trading lower by 137.39 points at 5,493.38 along with Small Cap down by 84.14 points at 6,828.83.
Lossers from the BSE are HDFC Bank Ltd up by (10.04%) at Rs1,013.90 along with ICICI Bank Ltd (7.99%) at Rs610.45, Maruti Suzuki (6.81%) at Rs569.00, Reliance Infra (6.79%) at Rs920.00, HDFC (6.64%) at Rs2,073.90, M&M Ltd (6.52%) at Rs495.00 and DLF Ltd by (6.12%) at Rs468.90.
The BSE Bank index is trading lower by 546.64 points at 6,215.18 as Bank of India trading down by (12.12%) at Rs259.10 along with Kotak Bank by (10.51%) at Rs517.00, Indian Overseas Bank (10.17%) at Rs83.00, Axis Bank by (10.07%) at Rs627.00 and Bank of Baroda by (9.95%) at Rs226.30.
The BSE Capital Goods index is trading down by 438.67 points at 11,468.14. Scrips that are trading lower are Siemens Ltd by (7.12%) at Rs508.00 followed by L&T Ltd by (4.65%) at Rs2,597.00, Praj Industries by (4.34%) at Rs192.90, Punj Lloyd by (4.28%) at Rs245.10 and Crompton Greaves by (4.14%) at Rs227.00.
The BSE Reality index is trading lower by 325.92 points at 4,758.20. Pulling it are Pheonix Mill trading down by (9.14%) at Rs165.60 along with Indiabull Real by (8.69%) at Rs262.00, Mahindra Life (7.27%) at Rs438.30, Unitech Ltd by (7.10%) at Rs155.80 and DLF Ltd by (5.45%) at Rs472.25.
From the telecommunication sector, Tata Communications is lower by (5.53%) at Rs401.20 along with Reliance Com Ltd trading down by (4.45%) at Rs490.50, Bharti Airtel by (3.11%) at R770.40 and Idea Cellular lower by (2.12%) at Rs87.60.
In auto sector Maruti Suzuki is trading lower by (6.83%) at Rs568.95 followed by M&M Ltd down by 6.48%) at Rs495.40, Tata Motors lower by (5.32%) at Rs403.70 and Hero Honda Motors down by (3.39%) at Rs735.50.
In cement sector ACC Ltd is trading down by (4.36%) at Rs567.50, Grasim Indus is lower by (2.17%) at Rs1,776.70 and Ambuja Cement down by (2.07%) at Rs80.30.
At 1.30PM, the BSE Sensex is trading lower by 557.70 points at 13,791.41 and NSE Nifty is down by 154.50 points at 4,177.60.
The BSE Mid Cap is trading lower by 137.39 points at 5,493.38 along with Small Cap down by 84.14 points at 6,828.83.
Lossers from the BSE are HDFC Bank Ltd up by (10.04%) at Rs1,013.90 along with ICICI Bank Ltd (7.99%) at Rs610.45, Maruti Suzuki (6.81%) at Rs569.00, Reliance Infra (6.79%) at Rs920.00, HDFC (6.64%) at Rs2,073.90, M&M Ltd (6.52%) at Rs495.00 and DLF Ltd by (6.12%) at Rs468.90.
The BSE Bank index is trading lower by 546.64 points at 6,215.18 as Bank of India trading down by (12.12%) at Rs259.10 along with Kotak Bank by (10.51%) at Rs517.00, Indian Overseas Bank (10.17%) at Rs83.00, Axis Bank by (10.07%) at Rs627.00 and Bank of Baroda by (9.95%) at Rs226.30.
The BSE Capital Goods index is trading down by 438.67 points at 11,468.14. Scrips that are trading lower are Siemens Ltd by (7.12%) at Rs508.00 followed by L&T Ltd by (4.65%) at Rs2,597.00, Praj Industries by (4.34%) at Rs192.90, Punj Lloyd by (4.28%) at Rs245.10 and Crompton Greaves by (4.14%) at Rs227.00.
The BSE Reality index is trading lower by 325.92 points at 4,758.20. Pulling it are Pheonix Mill trading down by (9.14%) at Rs165.60 along with Indiabull Real by (8.69%) at Rs262.00, Mahindra Life (7.27%) at Rs438.30, Unitech Ltd by (7.10%) at Rs155.80 and DLF Ltd by (5.45%) at Rs472.25.
From the telecommunication sector, Tata Communications is lower by (5.53%) at Rs401.20 along with Reliance Com Ltd trading down by (4.45%) at Rs490.50, Bharti Airtel by (3.11%) at R770.40 and Idea Cellular lower by (2.12%) at Rs87.60.
In auto sector Maruti Suzuki is trading lower by (6.83%) at Rs568.95 followed by M&M Ltd down by 6.48%) at Rs495.40, Tata Motors lower by (5.32%) at Rs403.70 and Hero Honda Motors down by (3.39%) at Rs735.50.
In cement sector ACC Ltd is trading down by (4.36%) at Rs567.50, Grasim Indus is lower by (2.17%) at Rs1,776.70 and Ambuja Cement down by (2.07%) at Rs80.30.
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