The market extends its losses on account of selective selling across the sectoral indices. Since the initial bell the market is facing the volatility as the investors are taking calculative steps to book their positions. Even there are reports that the government is considering various options including a strike on Pakistan to dismantle its terror bases in response to the recent Mumbai terror attacks.
Despite favoring cues from the US as well as Asian markets the Indian market is not gathering momentum due to concerns of the outcome of the Mumbai terror attack. From the sectoral front, the IT index is brutally hit as it is down by more than 3.5% while Metal, Realty and Bankex index is witnessing some buying activity as they are up by more than 2% each.
On the global market front, the European Markets are trading in negative as Dax Index is trading down by 1.83% and FTSE 100 down by 0.89%.
The broader markets are trading in green as the BSE Mid Cap and Small Cap are trading with gains of 27.29 points or (0.97%) and 9.24 points or (0.28%) at 2,832.62 and 3,261.65 respectively.
The overall market breadth is positive as 1116 stocks are advancing while 858 stocks are declining in BSE.
Tata Steel reported the top gainer from the BSE Sensex pack. It is trading up by (8.91%) at Rs.161.90 while Wipro reported as the top loser trading down by 5% at Rs.221.20.
At 2.38PM BSE Sensex is at 8,639.24 down by 100 points and NSE Nifty is at 2,618.45 down by 39.35 points.
The BSE IT index is trading with losses of 82.78 points or (3.34%) at 2,393.50. Pulling it are HCL Techno trading lower by 5.79% at Rs118 along with Wipro by 5.56% at Rs219, Infosys by 4.32% at Rs 1157, Finance Tech by 4.07% at Rs520.10, NIIT by 2.77% at Rs24.60, TCS by 1.41% at Rs527.
The Metal index is up by 117.74 points or (2.74%) at 4,422.64. Gainers are NMDC trading up by 8.34% at Rs134.50 along with Tata Steel by 8.14% at Rs160.75, Jindal Steel by 3.67% at Rs771, JSW Steel by 3.28% at Rs181.30 and Ispat Inds by 3.25% at Rs10.18.
The most active shares on NSE are Unitech trading at Rs.25.80 with a total traded quantity of 59805932 shares followed by Suzlon Energy trading at Rs.36.85 with a total traded quantity of 29015968 shares.
Despite favoring cues from the US as well as Asian markets the Indian market is not gathering momentum due to concerns of the outcome of the Mumbai terror attack. From the sectoral front, the IT index is brutally hit as it is down by more than 3.5% while Metal, Realty and Bankex index is witnessing some buying activity as they are up by more than 2% each.
On the global market front, the European Markets are trading in negative as Dax Index is trading down by 1.83% and FTSE 100 down by 0.89%.
The broader markets are trading in green as the BSE Mid Cap and Small Cap are trading with gains of 27.29 points or (0.97%) and 9.24 points or (0.28%) at 2,832.62 and 3,261.65 respectively.
The overall market breadth is positive as 1116 stocks are advancing while 858 stocks are declining in BSE.
Tata Steel reported the top gainer from the BSE Sensex pack. It is trading up by (8.91%) at Rs.161.90 while Wipro reported as the top loser trading down by 5% at Rs.221.20.
At 2.38PM BSE Sensex is at 8,639.24 down by 100 points and NSE Nifty is at 2,618.45 down by 39.35 points.
The BSE IT index is trading with losses of 82.78 points or (3.34%) at 2,393.50. Pulling it are HCL Techno trading lower by 5.79% at Rs118 along with Wipro by 5.56% at Rs219, Infosys by 4.32% at Rs 1157, Finance Tech by 4.07% at Rs520.10, NIIT by 2.77% at Rs24.60, TCS by 1.41% at Rs527.
The Metal index is up by 117.74 points or (2.74%) at 4,422.64. Gainers are NMDC trading up by 8.34% at Rs134.50 along with Tata Steel by 8.14% at Rs160.75, Jindal Steel by 3.67% at Rs771, JSW Steel by 3.28% at Rs181.30 and Ispat Inds by 3.25% at Rs10.18.
The most active shares on NSE are Unitech trading at Rs.25.80 with a total traded quantity of 59805932 shares followed by Suzlon Energy trading at Rs.36.85 with a total traded quantity of 29015968 shares.
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