After some sign of positive momentum over the markets in the early hours of the day, the markets moved into negative territory, screening signs of some fear left in the market. The investors and traders don’t want to loose any opportunity of profit booking that they see in the markets. All eyes will be on the rescue bailout plan. BSE Sensex is trading down by 0.8% and NSE Nifty down by 1.0%. Sectors like IT, FMCG, Metal and Auto witnessed buying phase, as the rupee dropped to fresh five year low against dollar and Auto data for the month of August are expected to be out today. Selling pressure has emerged across most counters particularly Capital Goods, Oil & Gas, Bankex and Reality stocks. The market breadth is negative as 1824 stocks are trading in red while 382 stocks are in green.
At 11.25AM, BSE Sensex is trading lower by 109 points at 12751.06 and NSE Nifty is trading down 41 points at 3879.50. The BSE Mid Cap and BSE Small Cap are trading lesser by 30.00 points and 9.00 points at 4767.31 and 5568.45 respectively.
Losers from the NSE Nifty are Idea Cellular down by (3.93%) at Rs72.2 along with Unitech (3.21%) at Rs113.05, BPCL (2.94%) at Rs349.65, Reliance Industries (2.71%) at Rs1896.5, Sun Pharmaceutical Ind (2.61%) at Rs1444.7, Reliance Infra (2.61%) at Rs769.6.
Losers from the BSE Sensex are Bharti Airtel down by (2.62%) at Rs764.5 along with Reliance communications (2.59%) at Rs325.25, Reliance Industries (2.59%) at Rs1896, SBI (2.57%) at Rs1428 and Reliance Infra (2.48%) at Rs770.7.
The BSE Capital Goods index is trading lower by 231.10 points at Rs10350.03 as Bharat Bijli ltd is trading down by (5.89%) at Rs1066.00 along with BHEL (1.95%) at Rs1555.00, Kalpat Power (1.88%) at Rs724.95, AIA Engg by (1.82%) at Rs1325.25 and Punj Lloyd (1.64%) at Rs282.50.
The BSE Oil & Gas index is losing 186.01 points at Rs8853.27. Scrips trading lower are BPCL (2.98%) at Rs349.75 followed by Reliance Ind by (2.61%) at Rs1895.50, Reliance Natural (2.59%) at Rs71.40, Essar Oil (2.22%) at Rs156.40 and Cairn Ind by (2.08%) at Rs207.10.
At 11.25AM, BSE Sensex is trading lower by 109 points at 12751.06 and NSE Nifty is trading down 41 points at 3879.50. The BSE Mid Cap and BSE Small Cap are trading lesser by 30.00 points and 9.00 points at 4767.31 and 5568.45 respectively.
Losers from the NSE Nifty are Idea Cellular down by (3.93%) at Rs72.2 along with Unitech (3.21%) at Rs113.05, BPCL (2.94%) at Rs349.65, Reliance Industries (2.71%) at Rs1896.5, Sun Pharmaceutical Ind (2.61%) at Rs1444.7, Reliance Infra (2.61%) at Rs769.6.
Losers from the BSE Sensex are Bharti Airtel down by (2.62%) at Rs764.5 along with Reliance communications (2.59%) at Rs325.25, Reliance Industries (2.59%) at Rs1896, SBI (2.57%) at Rs1428 and Reliance Infra (2.48%) at Rs770.7.
The BSE Capital Goods index is trading lower by 231.10 points at Rs10350.03 as Bharat Bijli ltd is trading down by (5.89%) at Rs1066.00 along with BHEL (1.95%) at Rs1555.00, Kalpat Power (1.88%) at Rs724.95, AIA Engg by (1.82%) at Rs1325.25 and Punj Lloyd (1.64%) at Rs282.50.
The BSE Oil & Gas index is losing 186.01 points at Rs8853.27. Scrips trading lower are BPCL (2.98%) at Rs349.75 followed by Reliance Ind by (2.61%) at Rs1895.50, Reliance Natural (2.59%) at Rs71.40, Essar Oil (2.22%) at Rs156.40 and Cairn Ind by (2.08%) at Rs207.10.
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