Thursday, September 11, 2008

Markets Fall On Weak Asian Markets - Sep 11, 2008

Markets are showing weakness on negative Asian markets as financial sector worries emerged after a record loss of $3.9 bn for third quarter, reported by Lehman Brothers. Inflation data for the week ended 30th August 2008 is due to be announced after market hours today. Selling pressure has emerged across the board with Oil & Gas, Capital Goods, Reality, Metal, Consumer Durables and Power stocks leading the decline. The market breadth is negative as 1482 stocks are trading in red while 684 stocks are in green.

At 11.31AM, BSE Sensex is trading lower by 297.35 points at 14,365.26 and NSE Nifty is trading down by 98.14 at 4,302.10. The BSE Mid Cap and BSE Small Cap are trading lower by 48.50 points and 50.19 points at 5,660.43 and 6,853.22 respectively.

Losers from the NSE Nifty are HCL Tech down by (4.15%) at Rs238.90 along with DLF Ltd (4.00%) at Rs481.70, Suzlon Energy (3.65%) at Rs235.00, Zee Entertainment (3.48%) at Rs226.00, Reliance Infra (3.48%) at Rs998.95, Tata Power Co (3.02%) at Rs1,019.50 and ONGC by (2.99%) at Rs1,045.75.

The BSE Oil & Gas index is down 243.37 points at Rs9,424.01. Scrips trading lower are Reliance (3.11%) at Rs2,018.75 followed by HPCL by (2.99%) at Rs235.00, ONGC (2.84%) at Rs1,046.00, BPCL (2.24%) at Rs341.00 and Reliance Pet by (2.24%) at Rs155.04.

The BSE Capital Goods index is trading lower by 177.01 points at Rs12,056.09 as Suzlon Energy is trading down by (4.31%) at Rs233.30 along with Punj Lloyd (3.39%) at Rs290.55, Crompton Greaves (3.31%) at Rs251.55, Walchand In by (2.22%) at Rs277.90 and Usha Martin (2.02%) at Rs75.20.

The BSE Reality index is trading down by 121.03 points at Rs4,878.96 as Ansal Infra is trading lower by (6.70%) at Rs93.25 followed by Indiabull Real (4.37%) at Rs270.45, DLF Ltd (4.18%) at Rs481.00, Housing Development by (3.11%) at Rs287.05 and Omaxe Ltd (2.48%) at Rs124.00

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