The market extends its losses due to heavy selling pressures across the selective indices. Since the initial bell the market is facing the volatility. After a sharp recovery from the early tracking the US government’s rescue plan to save Citi group boosted the sentiments. However as the day progressed the market again pares all its gains as the investors took wait and watch approach before booking fresh positions. From the sectoral front, Realty down more than 5% along with Bankex and Metal indices by 3% are facing heavy selling pressures.
On the global market front, the European markets are trading in positive as Dax Index is trading up by 0.98% and FTSE 100 up by 1.70%.
The broader markets are trading on the backfoot as the BSE Mid Cap and Small Cap are trading with losses of 35.88 points (1.23%) and 38.66 points (1.14%) at 2,880.78 and 3,352.10 respectively.
The overall market breadth is weak as 1461 stocks are declining while 861 stocks are advancing in BSE.
Reliance Infra reported the top gainer from the BSE Sensex pack. It is trading up by (2.80%) at Rs.498.80 while Satyam Computers reported as the top loser trading down by 6.73% at Rs.224.40.
At 2.37PM BSE Sensex is at 8,809.94 down by 105.27 points and NSE Nifty is at 2,673 down by 20.45 points.
The BSE Realty index is trading with a deep cut of 85.19 points or (5.18%) at 1,560.23. Pulling it are Unitech trading lower by 9.26% at Rs 28.90 along with Phoenix Mill by 7.98% at Rs52.50, DLF by 6.43% at Rs185.45, Penland by 5.90% at Rs16.75, Indbull Real by 4.06% at Rs95.70, Parsvnath by 3.44% at Rs33.70 and Ansal Infra by 2.99% at Rs 29.20.
The Bankex index is down by 174.13 points (3.79%) at 4,424.77. Losers are Bank of India trading lower by 6.06% at Rs 235 in line with IDBI bank by 4.89% at Rs59.30, BOB by 4.50% at Rs255.50, SBI by 4.50% at Rs1129.90 and ICICI Bank by 4.49% at Rs32.50.
The most active shares on NSE are Reliance Industries trading at Rs.1116.85 with a total traded quantity of 5248292 shares followed by State bank of India trading at Rs.1131 with a total traded quantity of 4170630 shares.
On the global market front, the European markets are trading in positive as Dax Index is trading up by 0.98% and FTSE 100 up by 1.70%.
The broader markets are trading on the backfoot as the BSE Mid Cap and Small Cap are trading with losses of 35.88 points (1.23%) and 38.66 points (1.14%) at 2,880.78 and 3,352.10 respectively.
The overall market breadth is weak as 1461 stocks are declining while 861 stocks are advancing in BSE.
Reliance Infra reported the top gainer from the BSE Sensex pack. It is trading up by (2.80%) at Rs.498.80 while Satyam Computers reported as the top loser trading down by 6.73% at Rs.224.40.
At 2.37PM BSE Sensex is at 8,809.94 down by 105.27 points and NSE Nifty is at 2,673 down by 20.45 points.
The BSE Realty index is trading with a deep cut of 85.19 points or (5.18%) at 1,560.23. Pulling it are Unitech trading lower by 9.26% at Rs 28.90 along with Phoenix Mill by 7.98% at Rs52.50, DLF by 6.43% at Rs185.45, Penland by 5.90% at Rs16.75, Indbull Real by 4.06% at Rs95.70, Parsvnath by 3.44% at Rs33.70 and Ansal Infra by 2.99% at Rs 29.20.
The Bankex index is down by 174.13 points (3.79%) at 4,424.77. Losers are Bank of India trading lower by 6.06% at Rs 235 in line with IDBI bank by 4.89% at Rs59.30, BOB by 4.50% at Rs255.50, SBI by 4.50% at Rs1129.90 and ICICI Bank by 4.49% at Rs32.50.
The most active shares on NSE are Reliance Industries trading at Rs.1116.85 with a total traded quantity of 5248292 shares followed by State bank of India trading at Rs.1131 with a total traded quantity of 4170630 shares.
No comments:
Post a Comment