The benchmark indices are trading in red, as cues from Asian Peers batter and the crisis jitter. The slump in domestic demand is deepening after financial crisis spreads to many other industries. The Exports, on which the economy relies heavily, would slow a lot as recession fear mounts in other economies. While selling pressure was witnessed across the board with Metal, Oil & Gas, Capital Goods, Bankex and Auto emerging as key losers. The market breadth is negative as 1406 stocks are trading in red and about 567 stocks in green on the broader BSE.
At 11.30 AM, the bears are in full control as BSE Sensex lost 275.91 points at 9844 whereas NSE Nifty plummets by 69.5 points at 2925.45. The BSE Mid Cap and BSE Small Cap are loosing by 66.51 points and 82.25 points at 3328.10 and 3882.52 respectively.
Losers from the NSE Nifty Pack are Tata Motors Ltd down by (10.59%) at Rs162.90 along with Tata Steel by (9.89%) at Rs194.50, Idea Cellular by (6.98%) at Rs44.65, SAIL by (6.86%) at Rs80.15, and Sterlite Ind by (6.66%) at Rs249.60.
Losers from the BSE Sensex Pack are Tata Steel down by (9.92%) at Rs194.35 along with Tata Motors by (9.80%) at Rs163.45, Sterlite Ind by (7.46%) at Rs248.25, Hindalco Ind by (6.12%) at Rs54.55, and Tata Power by (5.38%) at Rs705.00.
BSE Metal index is trading lower by 353.90 points at 5097.84. The top losers in the index are JSW Steel decreased by (11.62%) to Rs.298.20, Tata Steel down by (9.94%) to Rs194.30, Jindal SAW by (7.89%) to Rs.391.00, Sterlite Ind by (7.74%) at Rs.248.20, followed by SAIL by (7.34%) to Rs.79.50.
BSE Oil & Gas index is loosing by 204.52 points at 5907.59. The major losers are Essar Oil down by (6.67%) to Rs.77.65, Reliance Ind down by (5.81%) to Rs.1195.75, BPCL lower by (5.34%) to Rs.299.80, Cairn Ltd by (4.35%) to Rs.135.10, Reliance NAT RES by (4.26%) to Rs.48.35, followed by Reliance Petro decreased by (3.54%) to Rs.81.80.
At 11.30 AM, the bears are in full control as BSE Sensex lost 275.91 points at 9844 whereas NSE Nifty plummets by 69.5 points at 2925.45. The BSE Mid Cap and BSE Small Cap are loosing by 66.51 points and 82.25 points at 3328.10 and 3882.52 respectively.
Losers from the NSE Nifty Pack are Tata Motors Ltd down by (10.59%) at Rs162.90 along with Tata Steel by (9.89%) at Rs194.50, Idea Cellular by (6.98%) at Rs44.65, SAIL by (6.86%) at Rs80.15, and Sterlite Ind by (6.66%) at Rs249.60.
Losers from the BSE Sensex Pack are Tata Steel down by (9.92%) at Rs194.35 along with Tata Motors by (9.80%) at Rs163.45, Sterlite Ind by (7.46%) at Rs248.25, Hindalco Ind by (6.12%) at Rs54.55, and Tata Power by (5.38%) at Rs705.00.
BSE Metal index is trading lower by 353.90 points at 5097.84. The top losers in the index are JSW Steel decreased by (11.62%) to Rs.298.20, Tata Steel down by (9.94%) to Rs194.30, Jindal SAW by (7.89%) to Rs.391.00, Sterlite Ind by (7.74%) at Rs.248.20, followed by SAIL by (7.34%) to Rs.79.50.
BSE Oil & Gas index is loosing by 204.52 points at 5907.59. The major losers are Essar Oil down by (6.67%) to Rs.77.65, Reliance Ind down by (5.81%) to Rs.1195.75, BPCL lower by (5.34%) to Rs.299.80, Cairn Ltd by (4.35%) to Rs.135.10, Reliance NAT RES by (4.26%) to Rs.48.35, followed by Reliance Petro decreased by (3.54%) to Rs.81.80.
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