Market is up from the days’ low but is still trading lower after showing little bit of volatility in early trade. Domestic market opened lower tracking negative cues from the Asian markets and further recovered due to some buying in key stocks. But same momentum was not maintained and market slipped into negative territory. Oil & Gas, Metal, Auto and Reality stocks are exhibiting weakness. However IT and Bank stocks are in limelight as witnessing most of the buying from these baskets. Among the Sensex pack 12 stocks are trading in green while 18 are in red.
At 1.31PM, the BSE Sensex is trading lower by 21.21 points at 14,702.97and NSE Nifty is down by 19.69 points at 4,411.00.
The BSE Mid Cap is trading lower by 14.53 points at 5,808.88 along with Small Cap down by 29.15 points at 7,081.28.
Losers from the BSE are Grasim Indus trading lower by (5.05%) at Rs1,952.50 in line with M&M Ltd by (3.41%) at Rs563.10, Hindalco by (2.84%) at Rs131.95, Reliance Comm Ltd by (2.32%) at Rs414.05, Ranbaxy Lab by (2.17%) at Rs488.90, Tata Motorsby (2.12%) at Rs423.10 and ACC Ltd by (2.05%) at Rs597.25.
The BSE Oil & Gas index is trading down by 174.11 points at Rs10,022.94 as Gail India is trading lower by (3.45%) at Rs402.60 along with BPCL (2.96%) at Rs306.80, HPCL (2.73%) at Rs217.00, Reliance by (2.01%) at Rs2,229.50 and Aban Offshore by (1.65%) at Rs2,357.80.
The BSE Metal index is trading lower by 136.47 points at Rs12,457.43 as Hindalco is trading down by (3.02%) at Rs131.70 along with Jai Corp Ltd (2.23%) at Rs373.00, Jindal Saw (2.01%) at Rs546.05, Steel Authority by (1.95%) at Rs140.70 and Sterlite In by (1.64%) at Rs610.05.
From the telecommunication sector, Idea Cellular is trading higher by (0.75%) at Rs86.75 followed by Tata Communications trading up by (0.21%) at Rs428.20 while Reliance Com Ltd is down by (2.56%) at Rs413.00 and Bharti Airtel by (0.44%) at Rs815.00.
In auto sector Hero Honda Motors is up by (0.23%) at Rs786.00 while M&M Ltd is lower by (3.45%) at Rs565.20 along with Tata Motors by (1.99%) at Rs423.40 and Maruti Suzuki by (1.17%) at Rs642.90.
In cement sector Grasim Indus is trading down by (5.19%) at Rs1,950.00 , Ambuja Cement is lower by (3.19%) at Rs81.55 and ACC Ltd is down by (2.63%) at Rs593.50.
Hindalco is trading lower by (2.84%) at Rs131.95 after the company announced to sell more shares to existing holders than previously planned. Hindalco will offer shareholders three shares for every seven held, instead of one for every three held announced on 20th June 2008 to repay part of the $3.03 billion loan raised to pay for U.S. based Novelis.
At 1.31PM, the BSE Sensex is trading lower by 21.21 points at 14,702.97and NSE Nifty is down by 19.69 points at 4,411.00.
The BSE Mid Cap is trading lower by 14.53 points at 5,808.88 along with Small Cap down by 29.15 points at 7,081.28.
Losers from the BSE are Grasim Indus trading lower by (5.05%) at Rs1,952.50 in line with M&M Ltd by (3.41%) at Rs563.10, Hindalco by (2.84%) at Rs131.95, Reliance Comm Ltd by (2.32%) at Rs414.05, Ranbaxy Lab by (2.17%) at Rs488.90, Tata Motorsby (2.12%) at Rs423.10 and ACC Ltd by (2.05%) at Rs597.25.
The BSE Oil & Gas index is trading down by 174.11 points at Rs10,022.94 as Gail India is trading lower by (3.45%) at Rs402.60 along with BPCL (2.96%) at Rs306.80, HPCL (2.73%) at Rs217.00, Reliance by (2.01%) at Rs2,229.50 and Aban Offshore by (1.65%) at Rs2,357.80.
The BSE Metal index is trading lower by 136.47 points at Rs12,457.43 as Hindalco is trading down by (3.02%) at Rs131.70 along with Jai Corp Ltd (2.23%) at Rs373.00, Jindal Saw (2.01%) at Rs546.05, Steel Authority by (1.95%) at Rs140.70 and Sterlite In by (1.64%) at Rs610.05.
From the telecommunication sector, Idea Cellular is trading higher by (0.75%) at Rs86.75 followed by Tata Communications trading up by (0.21%) at Rs428.20 while Reliance Com Ltd is down by (2.56%) at Rs413.00 and Bharti Airtel by (0.44%) at Rs815.00.
In auto sector Hero Honda Motors is up by (0.23%) at Rs786.00 while M&M Ltd is lower by (3.45%) at Rs565.20 along with Tata Motors by (1.99%) at Rs423.40 and Maruti Suzuki by (1.17%) at Rs642.90.
In cement sector Grasim Indus is trading down by (5.19%) at Rs1,950.00 , Ambuja Cement is lower by (3.19%) at Rs81.55 and ACC Ltd is down by (2.63%) at Rs593.50.
Hindalco is trading lower by (2.84%) at Rs131.95 after the company announced to sell more shares to existing holders than previously planned. Hindalco will offer shareholders three shares for every seven held, instead of one for every three held announced on 20th June 2008 to repay part of the $3.03 billion loan raised to pay for U.S. based Novelis.
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