The two benchmark indices continued to dive south as the rescue bailout plan has not impressed the investors in the market. Selling pressure was witness across the sectors as weak Asian markets weighed on sentiment. BSE Sensex is trading with cut of more than 2.5% and NSE Nifty with cut of about 2.2%. Selling pressure has emerged across most counters particularly Bank, Capital Goods, Metal, and Reality stocks. The market breadth is negative as 1818 stocks are trading in red while370 stocks are in green.
At 11.25AM, BSE Sensex is trading lower by 339 points at 12,762.90 and NSE Nifty is trading down 87.80 at 3,897.40. The BSE Mid Cap and BSE Small Cap are trading lesser by 152 points and 178 points at 4,788.62 and 5,682.79 respectively.
Losers from the BSE are Financial Technologies Ltd down by (10.32%) at Rs1099.00 along with Akruti city Ltd (8.83%) at Rs729.00, ICICI bank Ltd (8.61%) at Rs512.90, Indiabulls Real (8.25%) at Rs169.70, HDFC (7.92%) at Rs177.20.
The BSE Bank index is losing 341.47 points at Rs6,229.07. Scrips trading lower are Karnataka Bank (9.13%) at Rs121.00 followed by IOB by (6.68%) at Rs91.50, Kotak Bank (5.47%) at Rs538.00, OBC (4.79%) at Rs152.00 and Yes Bank by (4.66%) at Rs118.75.
The BSE Metal index is trading lower by 288.9+8 points at Rs9,213.11 as Welspan Gujarat Sr is trading down by (6.42%) at Rs229.75 along with JSW SL (6.25%) at Rs536.15, Jai corp Ltd (5.34%) at Rs580.00, Sterlite Indus by (3.85%) at Rs430.00 and Tata Steel (3.28%) at Rs446.25.
At 11.25AM, BSE Sensex is trading lower by 339 points at 12,762.90 and NSE Nifty is trading down 87.80 at 3,897.40. The BSE Mid Cap and BSE Small Cap are trading lesser by 152 points and 178 points at 4,788.62 and 5,682.79 respectively.
Losers from the BSE are Financial Technologies Ltd down by (10.32%) at Rs1099.00 along with Akruti city Ltd (8.83%) at Rs729.00, ICICI bank Ltd (8.61%) at Rs512.90, Indiabulls Real (8.25%) at Rs169.70, HDFC (7.92%) at Rs177.20.
The BSE Bank index is losing 341.47 points at Rs6,229.07. Scrips trading lower are Karnataka Bank (9.13%) at Rs121.00 followed by IOB by (6.68%) at Rs91.50, Kotak Bank (5.47%) at Rs538.00, OBC (4.79%) at Rs152.00 and Yes Bank by (4.66%) at Rs118.75.
The BSE Metal index is trading lower by 288.9+8 points at Rs9,213.11 as Welspan Gujarat Sr is trading down by (6.42%) at Rs229.75 along with JSW SL (6.25%) at Rs536.15, Jai corp Ltd (5.34%) at Rs580.00, Sterlite Indus by (3.85%) at Rs430.00 and Tata Steel (3.28%) at Rs446.25.
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