The market slipped after a positive opening and is trading lower due to the selling across the counters. Investors are awaiting the Index of Industrial Production data for June 2008, which is due to be released today. Bank, Capital Goods, Metal, Reality and Auto stocks are witnessing most of the selling from these baskets. The market breadth is negative as 913 stocks are trading in green while 1265 stocks are trading in red.
At 11:31 AM the BSE Sensex is trading lower by 176.40 points at 15,327.51 and NSE Nifty is trading down by 37.15 points at 4,583.25. The BSE Mid Cap and BSE Small Cap are trading lower by 18.61 points and 21.95 points at 5,964.07 and 7,249.40 respectively.
Losers from the NSE are Maruti Suzuki trading lower by (4.93%) at Rs683.80 in line with Punjab National Bank by (4.13%) at Rs495.45, HDFC by (3.68%) at Rs2,482.00, Infosys Tech by (3.65%) at Rs1,609.45, Sterlite Indus by (3.24%) at Rs604.00, ICICI Bank Ltd by (2.90%) at Rs748.80 and Tata Power Company by (2.50%) at Rs1,051.00.
The BSE Bank index is trading lower by 153.94 points at 7,548.41 as Punjab National Bank trading down by (3.43%) at Rs499.00 along with ICICI Bank Ltd by (3.24%) at Rs745.80, Indus Ind Bank (2.95%) at Rs64.10, Union Bank (2.50%) at Rs150.00 and Karnataka Bank by (2.30%) at Rs142.35.
The BSE Metal index is trading down by 130.62 points at 13,005.62 as Sterlite In trading lower by (3.07%) at Rs605.70 along with Hindustan Zinc by (2.53%) at Rs563.00, Jindal Steel (1.73%) at Rs2,064.80, Tata Steel by (1.36%) at Rs636.00, Gujarat Nre C (0.52%) at Rs104.80 and Welspan Gujarat Sr by (0.52%) at Rs362.00.
SBI is trading down by (1.67%) at Rs1,565.95. State Bank of India, on August 11 2008, hiked its benchmark prime lending rate (BPLR) by 1% to 13.75 per cent with effect from August 12 2008.
HDFC Bank is trading lower by (1.59%) at Rs1,287.90. The bank has raised its Prime Lending Rare by 50 basis points to 16.50%, 10 days after the RBI announced further monetary tightening in an attempt to fight inflation.
At 11:31 AM the BSE Sensex is trading lower by 176.40 points at 15,327.51 and NSE Nifty is trading down by 37.15 points at 4,583.25. The BSE Mid Cap and BSE Small Cap are trading lower by 18.61 points and 21.95 points at 5,964.07 and 7,249.40 respectively.
Losers from the NSE are Maruti Suzuki trading lower by (4.93%) at Rs683.80 in line with Punjab National Bank by (4.13%) at Rs495.45, HDFC by (3.68%) at Rs2,482.00, Infosys Tech by (3.65%) at Rs1,609.45, Sterlite Indus by (3.24%) at Rs604.00, ICICI Bank Ltd by (2.90%) at Rs748.80 and Tata Power Company by (2.50%) at Rs1,051.00.
The BSE Bank index is trading lower by 153.94 points at 7,548.41 as Punjab National Bank trading down by (3.43%) at Rs499.00 along with ICICI Bank Ltd by (3.24%) at Rs745.80, Indus Ind Bank (2.95%) at Rs64.10, Union Bank (2.50%) at Rs150.00 and Karnataka Bank by (2.30%) at Rs142.35.
The BSE Metal index is trading down by 130.62 points at 13,005.62 as Sterlite In trading lower by (3.07%) at Rs605.70 along with Hindustan Zinc by (2.53%) at Rs563.00, Jindal Steel (1.73%) at Rs2,064.80, Tata Steel by (1.36%) at Rs636.00, Gujarat Nre C (0.52%) at Rs104.80 and Welspan Gujarat Sr by (0.52%) at Rs362.00.
SBI is trading down by (1.67%) at Rs1,565.95. State Bank of India, on August 11 2008, hiked its benchmark prime lending rate (BPLR) by 1% to 13.75 per cent with effect from August 12 2008.
HDFC Bank is trading lower by (1.59%) at Rs1,287.90. The bank has raised its Prime Lending Rare by 50 basis points to 16.50%, 10 days after the RBI announced further monetary tightening in an attempt to fight inflation.
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