The market comes off from the day’s low on selective buying across the counters. Initially the market trades on the backfoot as the negative cues from the global markets put pressures on the investor’s sentiments. The US economy entered into recession in the same month a year ago. The Bank of Japan unveiled a new lending scheme along with other measures to ease the acute squeeze in corporate funding.
It would accept a wider range of corporate debt as eligible collateral as the financial crisis cuts the access of Japanese companies to funding over the end of the year. From the sectoral front, Consumer durables index takes a heavy bit as it is down by more than 3.5% along with Auto, IT and capital Goods fell by more than 2% each.
On the global market front, the European Markets are trading in negative as Dax Index is trading down by 1.14% and FTSE 100 down by 1.58%.
The broader markets are trading weak as the BSE Mid Cap and Small Cap are trading with losses of 57.63 points or (2.02%) and 61.45 points or (1.86%) at 2,788.84 and 3,236.28 respectively.
The overall market breadth is negative as 1362 stocks are declining while 592 stocks are advancing in BSE.
Mahindra and Mahindra reported the top loser from the BSE Sensex pack. It is trading down by (8.51%) at Rs.249 while ITC reported as the top gainer trading up by 1.69% at Rs.168.30.
At 2.35PM BSE Sensex is at 8,642.45 down by 197.42 points and NSE Nifty is at 2,645.65 down by 37.25 points.
The BSE Consumer Durables index is trading with losses of 62.75 points or (3.66%) at 1,650.64. Pulling it are Titan Inds trading lower by 5.46% at Rs 820.90 along with Blue Star down by 4.50% at Rs138, Videocon Inds by 2.56% at Rs 89.60 and Gitanjali GE by 0.48% at Rs 62.30.
The Oil and Gas index is down by 197.71 points or (3.57%) at 5,335.66. Losers are Cairn India down by 4.84% at Rs 133.65 in line with Reliance Inds by 4.60% at Rs1058Essar Oil by 3.82% at Rs73, ONGC by 2.72% at Rs662.70 and IOCL by 2.36% at Rs 395.
The most active shares on NSE are Unitech trading at Rs.24.15 with a total traded quantity of 47543097 shares followed by Suzlon Energy trading at Rs.37.15 with a total traded quantity of 20455814 shares.
It would accept a wider range of corporate debt as eligible collateral as the financial crisis cuts the access of Japanese companies to funding over the end of the year. From the sectoral front, Consumer durables index takes a heavy bit as it is down by more than 3.5% along with Auto, IT and capital Goods fell by more than 2% each.
On the global market front, the European Markets are trading in negative as Dax Index is trading down by 1.14% and FTSE 100 down by 1.58%.
The broader markets are trading weak as the BSE Mid Cap and Small Cap are trading with losses of 57.63 points or (2.02%) and 61.45 points or (1.86%) at 2,788.84 and 3,236.28 respectively.
The overall market breadth is negative as 1362 stocks are declining while 592 stocks are advancing in BSE.
Mahindra and Mahindra reported the top loser from the BSE Sensex pack. It is trading down by (8.51%) at Rs.249 while ITC reported as the top gainer trading up by 1.69% at Rs.168.30.
At 2.35PM BSE Sensex is at 8,642.45 down by 197.42 points and NSE Nifty is at 2,645.65 down by 37.25 points.
The BSE Consumer Durables index is trading with losses of 62.75 points or (3.66%) at 1,650.64. Pulling it are Titan Inds trading lower by 5.46% at Rs 820.90 along with Blue Star down by 4.50% at Rs138, Videocon Inds by 2.56% at Rs 89.60 and Gitanjali GE by 0.48% at Rs 62.30.
The Oil and Gas index is down by 197.71 points or (3.57%) at 5,335.66. Losers are Cairn India down by 4.84% at Rs 133.65 in line with Reliance Inds by 4.60% at Rs1058Essar Oil by 3.82% at Rs73, ONGC by 2.72% at Rs662.70 and IOCL by 2.36% at Rs 395.
The most active shares on NSE are Unitech trading at Rs.24.15 with a total traded quantity of 47543097 shares followed by Suzlon Energy trading at Rs.37.15 with a total traded quantity of 20455814 shares.
No comments:
Post a Comment