The markets had recovered slightly from their day’s low but selling pressure intensified with negative bias. The fear in the market is high after the European and Japanese economy declaring recession phase. This weakening global economy has battered Indian markets by steep correction in many highly leveraged stocks.
However, the policy makers are up on their toes assuring more stimulus packages to infuse fund in the system. Indices across the sector are witnessing a selling pressure with Bankex, Capital Goods, Metal and IT on the top. The market breath is favoring decline, as 1352 stocks are trading in red and about 524 stocks in green on the broader BSE.
At 11.30 AM, the BSE Sensex lost 286.50 points at 9004 whereas NSE Nifty down by 77.30 points at 2722.25. The BSE Mid Cap and BSE Small Cap are losing by 56.07 points and 60.42 points at 3077.29 and 3600. respectively.
Losers from the NSE Nifty Pack are ABB Ltd down by (5.92%) at Rs.418.65 along with wipro Ltd by (5.85%) at Rs.237.40, Power Grid corp by (5.80%) at Rs.71.40, NALCO by (5.62%) at Rs.173.90 and Satyam computer by (4.92%) at Rs.239.50.
Losers from the BSE Sensex Pack are wipro down by (6.25%) at Rs.236.20 along with Satyam computers by (5.48%) at Rs.238.00, Reliance energy by (5.46%) at Rs.457.95, ICICI bank by (5.44%) at Rs.366.00, and HDFC by (4.99%) at Rs.1423.50.
BSE Bankex is losing by 182.86 points at 4,773.18. The major losers are Karnataka bank trading down by (6.79%) at Rs.81.00, Kotak bank by (5.72%) at Rs.322.50, ICICI Bank by (5.18%) at Rs.367.00, Indian Overseas by (4.96%) to Rs.71.80, followed by Axis bank by (4.44%) to Rs.435.50.
BSE Capital Goods is trading lower by 128.16 points at 6,740.25. The top losers in the index are ABB ltd decreased by (5.87%) to Rs.419.40, Crompton Greaves down by (4.79%) to Rs.125.35, Kalpat pow by (4.61%) to Rs.377.00 followed by AIA eng by (4.50%) at Rs.158.00 and Reliance Industrial infra by (3.60%) to Rs.338.55.
However, the policy makers are up on their toes assuring more stimulus packages to infuse fund in the system. Indices across the sector are witnessing a selling pressure with Bankex, Capital Goods, Metal and IT on the top. The market breath is favoring decline, as 1352 stocks are trading in red and about 524 stocks in green on the broader BSE.
At 11.30 AM, the BSE Sensex lost 286.50 points at 9004 whereas NSE Nifty down by 77.30 points at 2722.25. The BSE Mid Cap and BSE Small Cap are losing by 56.07 points and 60.42 points at 3077.29 and 3600. respectively.
Losers from the NSE Nifty Pack are ABB Ltd down by (5.92%) at Rs.418.65 along with wipro Ltd by (5.85%) at Rs.237.40, Power Grid corp by (5.80%) at Rs.71.40, NALCO by (5.62%) at Rs.173.90 and Satyam computer by (4.92%) at Rs.239.50.
Losers from the BSE Sensex Pack are wipro down by (6.25%) at Rs.236.20 along with Satyam computers by (5.48%) at Rs.238.00, Reliance energy by (5.46%) at Rs.457.95, ICICI bank by (5.44%) at Rs.366.00, and HDFC by (4.99%) at Rs.1423.50.
BSE Bankex is losing by 182.86 points at 4,773.18. The major losers are Karnataka bank trading down by (6.79%) at Rs.81.00, Kotak bank by (5.72%) at Rs.322.50, ICICI Bank by (5.18%) at Rs.367.00, Indian Overseas by (4.96%) to Rs.71.80, followed by Axis bank by (4.44%) to Rs.435.50.
BSE Capital Goods is trading lower by 128.16 points at 6,740.25. The top losers in the index are ABB ltd decreased by (5.87%) to Rs.419.40, Crompton Greaves down by (4.79%) to Rs.125.35, Kalpat pow by (4.61%) to Rs.377.00 followed by AIA eng by (4.50%) at Rs.158.00 and Reliance Industrial infra by (3.60%) to Rs.338.55.
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