The markets today open sharply lower tracking weak global cues. All the sectorial indices are trading in red in the opening trade. The selling pressure is seen among the Banking, Metal, IT, Power, Capital Goods and Oil & Gas stocks. The BSE Mid Cap and the Small Cap are also trading lower in the opening trade.
The BSE Sensex is now trading around the 9,000 mark and the NSE Nifty below the 2,750 mark.
The Asian markets are also trading mostly lower today as Nikkei, Hang Sang, Shanghai Composite and Straits Times index are trading lower by 2.10%, 2.94%, 2.35% and 1.62% respectively.
The US stock market on Monday, closed sharp losses due to economic concern and some news of job cuts by one of the top financial giant. Further the news that Japan officially declared itself in a recession also contributed to selling pressure. The Dow Jones Industrial Average (DJIA) dropped by 223.73 points to close at 8,273.58. The NASDAQ Composite (RIXF) index decreased by 34.80 points to close at 1,482.05 and the S&P 500 (SPX) fell by 22.54 points to close at 850.75.
The overall market breadth is negative as 306 stocks are advancing whereas 1063 stocks are declining on BSE.
ICICI Bank reported the top loser from the BSE Sensex pack, as it is trading with a loss of (4.66%) at Rs.369 followed by Reliance Infra down by (4.52%) at Rs.462.50.
At 10.33AM, the BSE Sensex was down by 220.86 points at 9,070.15 and the Nifty was down by 57.60 points to 2,741.95.
The BSE Mid Cap decreased by 51.92 points to 3,081.44 and the BSE Small Cap slipped by 50.21 points to 3,611.18.
BSE Metal index is trading lower by 179.05 points or (3.79%) to trade at 4,544.05. The top losers are NALCO decreased by (7.36%) to Rs.170.60, Sterlite Industries down by (4.93%) to Rs.216, JSW Steel declined by (4.33%) to Rs.241.95 followed by Jindal Saw fell by (4.59%) to Rs. 285.
BSE Bank index is trading lower by 189.56 points or (3.82%) to trade at 4,766.48. The major losers are Kotak Bank declined by (6.15%) to Rs. 321, AXIS Bank down by (4.33%) to Rs.436, ICICI Bank decreased by (4.66%) to Rs.369 followed by SBI fell by (3.26%) to Rs.1,130.05.
The BSE Sensex is now trading around the 9,000 mark and the NSE Nifty below the 2,750 mark.
The Asian markets are also trading mostly lower today as Nikkei, Hang Sang, Shanghai Composite and Straits Times index are trading lower by 2.10%, 2.94%, 2.35% and 1.62% respectively.
The US stock market on Monday, closed sharp losses due to economic concern and some news of job cuts by one of the top financial giant. Further the news that Japan officially declared itself in a recession also contributed to selling pressure. The Dow Jones Industrial Average (DJIA) dropped by 223.73 points to close at 8,273.58. The NASDAQ Composite (RIXF) index decreased by 34.80 points to close at 1,482.05 and the S&P 500 (SPX) fell by 22.54 points to close at 850.75.
The overall market breadth is negative as 306 stocks are advancing whereas 1063 stocks are declining on BSE.
ICICI Bank reported the top loser from the BSE Sensex pack, as it is trading with a loss of (4.66%) at Rs.369 followed by Reliance Infra down by (4.52%) at Rs.462.50.
At 10.33AM, the BSE Sensex was down by 220.86 points at 9,070.15 and the Nifty was down by 57.60 points to 2,741.95.
The BSE Mid Cap decreased by 51.92 points to 3,081.44 and the BSE Small Cap slipped by 50.21 points to 3,611.18.
BSE Metal index is trading lower by 179.05 points or (3.79%) to trade at 4,544.05. The top losers are NALCO decreased by (7.36%) to Rs.170.60, Sterlite Industries down by (4.93%) to Rs.216, JSW Steel declined by (4.33%) to Rs.241.95 followed by Jindal Saw fell by (4.59%) to Rs. 285.
BSE Bank index is trading lower by 189.56 points or (3.82%) to trade at 4,766.48. The major losers are Kotak Bank declined by (6.15%) to Rs. 321, AXIS Bank down by (4.33%) to Rs.436, ICICI Bank decreased by (4.66%) to Rs.369 followed by SBI fell by (3.26%) to Rs.1,130.05.
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