The market today opens in deep red with a heavy gap down on the back of sharp negative cues from the US markets backed by the financials on news that Merrill Lynch will take a 5.7 billion dollar write-down in its third quarter. All the BSE Indices are trading in red in the opening trade. The BSE Sensex today open with a gap down of more than 250 points. The Bank, Realty, Consumer Durables and Power stocks are facing the most selling pressure.
The overall market breadth is negative as 647 stocks are advancing whereas 928 stocks are declining on BSE.
Sterlite Industries reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (0.47%) at Rs.585 while ICICI Bank the top loser down by (3.96%) at Rs.637.20.
At 10.30AM, the BSE Sensex was down by 251.30 points at 14,097.81 and the Nifty was down by 70.40 points to 4,261.70.
The BSE Mid Cap decreased by 33.25 points to 5,597.53 and the BSE Small Cap slipped by 2.95 points to 6,910.02.
BSE Bank index dropped by 214.85 points to trade at 6,546.97. The major losers are ICICI Bank, AXIX Bank, Kotak Bank and Bank of India fell by (4.24%), (3.61%), (3.41%) and (3.41%) to Rs.635.35, Rs.672, Rs.558 and Rs.285.70 respectively.
BSE Realty index slipped by 84.03 points to trade at 4,995.09. The top losers are India Bulls Real decreased by (4.93%) to Rs.272.80, HDIL down by (2.48%) to Rs.449, Parsavnath declined by (2.10%) to Rs114.05 followed by DLF fell by (1.90%) to Rs.489.95.
The overall market breadth is negative as 647 stocks are advancing whereas 928 stocks are declining on BSE.
Sterlite Industries reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (0.47%) at Rs.585 while ICICI Bank the top loser down by (3.96%) at Rs.637.20.
At 10.30AM, the BSE Sensex was down by 251.30 points at 14,097.81 and the Nifty was down by 70.40 points to 4,261.70.
The BSE Mid Cap decreased by 33.25 points to 5,597.53 and the BSE Small Cap slipped by 2.95 points to 6,910.02.
BSE Bank index dropped by 214.85 points to trade at 6,546.97. The major losers are ICICI Bank, AXIX Bank, Kotak Bank and Bank of India fell by (4.24%), (3.61%), (3.41%) and (3.41%) to Rs.635.35, Rs.672, Rs.558 and Rs.285.70 respectively.
BSE Realty index slipped by 84.03 points to trade at 4,995.09. The top losers are India Bulls Real decreased by (4.93%) to Rs.272.80, HDIL down by (2.48%) to Rs.449, Parsavnath declined by (2.10%) to Rs114.05 followed by DLF fell by (1.90%) to Rs.489.95.
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