The markets are still trading weak as selling pressure continued in the Realty, Banking, Oil & Gas and Consumer Durables stocks. The IT index has underperformed the entire benchmark index today. However, some buying is seen in the Auto, power, Capital Goods and Metal stocks after the IIP data was announced.
The IIP data came in better than expected as it rose 7.1% in July 2008 as against 5.4% in the previous month. The figure was above market expectations of a 6.5% growth. Capital Goods showed a descent growth to 21.9% as compared to 12.3%(YoY). However, growth in manufacturing declined to 7.5% from 8.8%(YoY).
Among the global markets, the European markets are trading in positive.
The overall market breadth is negative as 761 stocks are advancing while 1775 stocks are declining in BSE.
Tata Motors reported the top gainer from the BSE Sensex pack. It is trading higher by (1.21%) at Rs.423.60 while ONGC the top loser down by (3.85%) at Rs.1,035.10.
At 2.31PM BSE Sensex is at 14,138.19 down by 186.10 points and Nifty is at 4,265 down by 25.30 points.
The BSE Mid Cap is lower by 56.45 points at 5,590.75 and the BSE Small Cap slipped by 49.16 points to 6,769.77.
The BSE IT index is the one of the top loser today trading with a loss of 145.03 points at 3,845.41. The main losers are Infosys Technologies down by (5.03%) at Rs.1,661, Satyam Computer decreased by (3.12%) at Rs.408 followed by HCL Technologies and TCS declined by (2.95%) and (2.11%) to Rs.230.65 and Rs.818.50 respectively.
The most active shares on NSE are Reliance Industries trading at Rs.1965 with a total traded quantity of 4574559 shares followed by ICICI Bank trading at Rs.663.50 with a total traded quantity of 7229146 shares
The IIP data came in better than expected as it rose 7.1% in July 2008 as against 5.4% in the previous month. The figure was above market expectations of a 6.5% growth. Capital Goods showed a descent growth to 21.9% as compared to 12.3%(YoY). However, growth in manufacturing declined to 7.5% from 8.8%(YoY).
Among the global markets, the European markets are trading in positive.
The overall market breadth is negative as 761 stocks are advancing while 1775 stocks are declining in BSE.
Tata Motors reported the top gainer from the BSE Sensex pack. It is trading higher by (1.21%) at Rs.423.60 while ONGC the top loser down by (3.85%) at Rs.1,035.10.
At 2.31PM BSE Sensex is at 14,138.19 down by 186.10 points and Nifty is at 4,265 down by 25.30 points.
The BSE Mid Cap is lower by 56.45 points at 5,590.75 and the BSE Small Cap slipped by 49.16 points to 6,769.77.
The BSE IT index is the one of the top loser today trading with a loss of 145.03 points at 3,845.41. The main losers are Infosys Technologies down by (5.03%) at Rs.1,661, Satyam Computer decreased by (3.12%) at Rs.408 followed by HCL Technologies and TCS declined by (2.95%) and (2.11%) to Rs.230.65 and Rs.818.50 respectively.
The most active shares on NSE are Reliance Industries trading at Rs.1965 with a total traded quantity of 4574559 shares followed by ICICI Bank trading at Rs.663.50 with a total traded quantity of 7229146 shares
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