The markets could not hold on to their gains made in the last two trading sessions and fell on subdued sentiments over downgraded earnings. The disappointing earnings by the US companies are painting a gloomy outlook for Asian exporters across the region. Asian markets are trading lower following the downbeat outlook in the US market. The sectors like Metal, Oil & Gas, Capital Goods, Bankex and Realty are trading lower. The market breadth is negative as 615 stocks are trading in green and about 1375 stocks in red on the broader BSE.
At 11.30 AM, BSE Sensex is trading negative by 379 points at 10,303 and NSE Nifty is trading down by 133 points at 3,101. The BSE Mid Cap and BSE Small Cap are loosing by 62 points and 57 points at 3,524 and 4,138 respectively.
Losers from the BSE Sensex pack are Reliance Communication Ltd down by (8.21%) at Rs237 along with Tata Steel by (7.11%) at Rs258.5, Tata Motors by (6.84%) at Rs230.8, Maruti Suzuki by (6.75%) at Rs631.5, and Grasim Industries by (6.53%) at Rs1130.
Losers from the NSE Nifty pack are HCL Tech lower by (11.6%) at Rs164.65 along with Nalco down by (9.43%) at Rs240.5, Cairn India Ltd by (9.25%) at Rs155.45, Idea Cellular by (8.80%) at Rs49.20 and Reliance Communication Ltd by (7.87%) at Rs237.65.
BSE Metal index lost 329.67 points at 5,772.09. The major losers are JSW Steel down by (8.01%) to Rs.246.50, Nalco trading lower by (7.91%) to Rs.244, Tata Steel Steel down by (6.77%) to Rs.259.45, Jindal Steel by (6.47%) to Rs.739.85, followed by Jindal Saw decreased by (6.13%) to Rs.344.25.
BSE Capital Goods index is trading lower by 297.81 points to at 7,265.61. The top losers are Areva decreased by (80.25%) to Rs.183.8, Praj Industries down by (5.40%) to Rs81.45, ABB Ltd by (5.21%) at Rs638, Siemens Ltd by (4.86%) to Rs291.5 followed by Elecon Eng Co dropped by (4.44%) to Rs.43.
At 11.30 AM, BSE Sensex is trading negative by 379 points at 10,303 and NSE Nifty is trading down by 133 points at 3,101. The BSE Mid Cap and BSE Small Cap are loosing by 62 points and 57 points at 3,524 and 4,138 respectively.
Losers from the BSE Sensex pack are Reliance Communication Ltd down by (8.21%) at Rs237 along with Tata Steel by (7.11%) at Rs258.5, Tata Motors by (6.84%) at Rs230.8, Maruti Suzuki by (6.75%) at Rs631.5, and Grasim Industries by (6.53%) at Rs1130.
Losers from the NSE Nifty pack are HCL Tech lower by (11.6%) at Rs164.65 along with Nalco down by (9.43%) at Rs240.5, Cairn India Ltd by (9.25%) at Rs155.45, Idea Cellular by (8.80%) at Rs49.20 and Reliance Communication Ltd by (7.87%) at Rs237.65.
BSE Metal index lost 329.67 points at 5,772.09. The major losers are JSW Steel down by (8.01%) to Rs.246.50, Nalco trading lower by (7.91%) to Rs.244, Tata Steel Steel down by (6.77%) to Rs.259.45, Jindal Steel by (6.47%) to Rs.739.85, followed by Jindal Saw decreased by (6.13%) to Rs.344.25.
BSE Capital Goods index is trading lower by 297.81 points to at 7,265.61. The top losers are Areva decreased by (80.25%) to Rs.183.8, Praj Industries down by (5.40%) to Rs81.45, ABB Ltd by (5.21%) at Rs638, Siemens Ltd by (4.86%) to Rs291.5 followed by Elecon Eng Co dropped by (4.44%) to Rs.43.
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