The markets today opened sharply lower tracking weak global cues with the BSE Sensex slipped below the 12200 mark and the NSE Nifty below the 3700 mark in the early trade. The selling pressure witnessed across the board mainly led by the Realty, Metal, Capital Goods, Power, IT, Banking and Oil & Gas stocks.
On the Global market front, the Asian markets are also trading lower with Nikkei 225 index down by 2.92% and Hang Seng index down by 2.75%.
The US stock market ended in red and posted a worst week in seven years on Friday as traders booked profits ahead of the weekend. The US market however did react little to the news of approval by the US Hose of Representatives approval on the revised version of the $700 billion bail out plan. The Dow Jones Industrial Average (DJIA) dropped by 157.47 points to close at 10,325.38. The NASDAQ Composite (RIXF) index decreased by 29.33 points to close at 1,947.39 and the S&P 500 (SPX) fell 15.05 points to close at 1,099.23.
The BSE Mid Cap and the BSE Small Cap stocks are however trading flat in the early trade.
The overall market breadth is negative as 318 stocks are advancing whereas 1169 stocks are declining on BSE.
Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (1.91%) at Rs.337 while Sterlite Industries reported the top loser down by (8.77%) at Rs.361.05.
At 10.30AM, the BSE Sensex was down by 369.74 points at 12,156.58 and the Nifty was down by 111.15 points to 3,707.15.
The BSE Mid Cap decreased by 133.94 points to 4,543.86 and the BSE Small Cap slipped by 120.61 points to 5,344.79.
BSE Realty index dropped by 146.51 points or (4.40%) to trade at 3,183.34. The top losers are DLF decreased by (7.13%) to Rs.312.40, HDIL down by (4.86%) to Rs.154.80, Unitech declined by (4.77%) to Rs.106.80 followed by Mahindra Life fell by (3.96%) to Rs.290.
BSE Metal index slipped by 429.08 points or (5.10%) to trade at 7,988.03. The major losers are Sterlite Industries, JSW Steel, Jindal Steel and Tata Steel fell by (9.16%), (6.99%), (6.79%) and (6.15%) to Rs.359.50, Rs.381.95, Rs.1,073 and Rs.369.60 respectively.
On the Global market front, the Asian markets are also trading lower with Nikkei 225 index down by 2.92% and Hang Seng index down by 2.75%.
The US stock market ended in red and posted a worst week in seven years on Friday as traders booked profits ahead of the weekend. The US market however did react little to the news of approval by the US Hose of Representatives approval on the revised version of the $700 billion bail out plan. The Dow Jones Industrial Average (DJIA) dropped by 157.47 points to close at 10,325.38. The NASDAQ Composite (RIXF) index decreased by 29.33 points to close at 1,947.39 and the S&P 500 (SPX) fell 15.05 points to close at 1,099.23.
The BSE Mid Cap and the BSE Small Cap stocks are however trading flat in the early trade.
The overall market breadth is negative as 318 stocks are advancing whereas 1169 stocks are declining on BSE.
Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (1.91%) at Rs.337 while Sterlite Industries reported the top loser down by (8.77%) at Rs.361.05.
At 10.30AM, the BSE Sensex was down by 369.74 points at 12,156.58 and the Nifty was down by 111.15 points to 3,707.15.
The BSE Mid Cap decreased by 133.94 points to 4,543.86 and the BSE Small Cap slipped by 120.61 points to 5,344.79.
BSE Realty index dropped by 146.51 points or (4.40%) to trade at 3,183.34. The top losers are DLF decreased by (7.13%) to Rs.312.40, HDIL down by (4.86%) to Rs.154.80, Unitech declined by (4.77%) to Rs.106.80 followed by Mahindra Life fell by (3.96%) to Rs.290.
BSE Metal index slipped by 429.08 points or (5.10%) to trade at 7,988.03. The major losers are Sterlite Industries, JSW Steel, Jindal Steel and Tata Steel fell by (9.16%), (6.99%), (6.79%) and (6.15%) to Rs.359.50, Rs.381.95, Rs.1,073 and Rs.369.60 respectively.
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