Wednesday, November 12, 2008

Markets Realty Worst Hit Across The Counters - Nov 12, 2008

The market tumbles on the back of heavy selling pressures across the counters. The encouraging IIP figures that stood at 4.8% against 1.4% August 2008 failed to give a boost to the investors sentiments. From the sectoral front, Realty index is trading with losses of 7.93% along with Bankex, Metal and Oil & Gas are the worst hit as they are trading with a deep cut of more than 4% each. On the global market front, the European Markets are trading in green as both the FTSE 100 and Dax Index are up by 1.54% and 1.39% respectively.

The broader markets are also negative as the BSE Mid Cap and Small Cap are trading with losses of 2.54% and 1.97% at 3,271.34 and 3,811.60 respectively.

The overall market breadth is weak as 1722 stocks are declining while 693 stocks are advancing in BSE.

Tata Steel reported the top loser from the BSE Sensex pack. It is trading down by (9.02%) at Rs.195.10.

At 2.36PM BSE Sensex is at 9,499.07 lower by 340.62 points and Nifty is at 2,916.70 down by 21.95 points.

The BSE Realty index is trading with losses of 175.22 points at 2,033.49. Losers are Indbull Real trading lower by 15.27% at Rs110.70 along with DLF by 9.53% at Rs242.15, Ananat Raj by 5.56% at Rs52.65, Ansal Infra by 4.49% at Rs42.55, Unitech by 4.02% at Rs49, Penland by 3.45% at Rs22.40, Parsvnath by 2.96% at Rs44.25 and Mahindralife by 2.67% at Rs162.25.

The Bankex index is trading with cut of 242.86 points at 5,182.64. Pulling it are Yes bank trading down by 7.50% at Rs73.40 followed by ICICI bank by 7.17% at Rs403, Axis bank by 6.21% at Rs529.05, SBI by 4.97% at Rs1162, PNB by 4.91% at Rs462.30 and IDBI bank by 3.72% at Rs64.65

The Most active shares on NSE are Reliance Industries trading at Rs.1161 with a total traded quantity of 6991729 shares followed by ICICI bank trading at Rs.402.65 with a total traded quantity of 12327072 shares.

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