The benchmark indices are trading in red as the fear of recession is a realty in US. Reacting to the same Asian markets tumbled, as participants across the globe resort to profit booking in the index heavyweight. The markets weakened further during the previous hour of trade as selling pressure intensified. The political instability being seen in the current government, might mess up the chances for up coming elections, which will be closely watched by the investors. While selling is being witnessed across sectors, Capital Goods, Oil & Gas, Metal, and Bankex are trading in negative zone. The market breath is favoring decline, as 1190 stocks are trading in red and about 363 stocks in green on the broader BSE.
At 11.36 AM, the BSE Sensex is losing by 313.53 points at 8526.33 whereas NSE Nifty by 101.04 points at 2581.85. The BSE Mid Cap and BSE Small Cap are trading lower by 77.09 points and 62.82 points at 2769.38 and 3234.90 respectively.
Losers from the NSE Nifty Pack are Sterlite Ind down by (8.38%) at Rs.218.70 along with M&M by (7.92%) at Rs.250.65, HCL Tech by (7.46%) at Rs.124.75, Maruti Suzuki by (6.62%) at Rs.454.85 and Cairn India by (6.59%) at Rs.131.05.
Losers from the BSE Sensex Pack are M&M Ltd down by (7.22%) at Rs.252.50 along with Sterlite Ind by (7.21%) at Rs.221.50, Maruti Suzuki by (6.08%) at Rs.456, HDFC by (5.17%) at Rs.1,364 and Hindalco by (5.05%) at Rs.48.85.
BSE Bank index is losing by (3.94%) or 176.09 points at 4,289.73. The major losers are Oriental Bank trading down by (5.58%) at Rs.137.10, HDFC Bank by (4.94%) at Rs.854.90, Indus Ind Bank by (4.71%) at Rs.29.35, SBI by (4.62%) to Rs.1,007.20, followed by Bank of Baroda by (4.58%) to Rs.234.45.
BSE Metal index is trading lower by (3.93%) or 170.84 points at 4,181.03. The top losers in the index are Sterlite Industries decreased by (6.26%) to Rs.223.75, Welspan Gujarat Sr down by (5.79%) to Rs.74.90, Nalco by (4.79%) to Rs.162 followed by Hindalco by (4.76%) at Rs.49.00 and NMDC Ltd by (4.53%) to Rs.122.10.
M&M Ltd is trading lower by (7.22%)at Rs.252.50 as the company reported a decline in its total automotive sales in November by 41.04% at 10,955 units compared with 18,583 units in the corresponding period last year. Domestic sales during the month stood at 10,430 units, against 17,844 units last year, down 41.55 per cent.
Maruti Suzuki is trading down by (6.08%) at Rs.456 as the company reported 27.4% decline in car sales during November at 47,103 units compared to 64,885 units in the same month last year. Total vehicle sales during the month were down by 24.4% at 52,711 units against 69,699 units in the same month last year. Sales of compact cars, comprising Alto, Zen Estilo, Wagon R, Swift and A-Star, were down by 26.6% at 34,976 units compared to 47,641 units in November last year.
At 11.36 AM, the BSE Sensex is losing by 313.53 points at 8526.33 whereas NSE Nifty by 101.04 points at 2581.85. The BSE Mid Cap and BSE Small Cap are trading lower by 77.09 points and 62.82 points at 2769.38 and 3234.90 respectively.
Losers from the NSE Nifty Pack are Sterlite Ind down by (8.38%) at Rs.218.70 along with M&M by (7.92%) at Rs.250.65, HCL Tech by (7.46%) at Rs.124.75, Maruti Suzuki by (6.62%) at Rs.454.85 and Cairn India by (6.59%) at Rs.131.05.
Losers from the BSE Sensex Pack are M&M Ltd down by (7.22%) at Rs.252.50 along with Sterlite Ind by (7.21%) at Rs.221.50, Maruti Suzuki by (6.08%) at Rs.456, HDFC by (5.17%) at Rs.1,364 and Hindalco by (5.05%) at Rs.48.85.
BSE Bank index is losing by (3.94%) or 176.09 points at 4,289.73. The major losers are Oriental Bank trading down by (5.58%) at Rs.137.10, HDFC Bank by (4.94%) at Rs.854.90, Indus Ind Bank by (4.71%) at Rs.29.35, SBI by (4.62%) to Rs.1,007.20, followed by Bank of Baroda by (4.58%) to Rs.234.45.
BSE Metal index is trading lower by (3.93%) or 170.84 points at 4,181.03. The top losers in the index are Sterlite Industries decreased by (6.26%) to Rs.223.75, Welspan Gujarat Sr down by (5.79%) to Rs.74.90, Nalco by (4.79%) to Rs.162 followed by Hindalco by (4.76%) at Rs.49.00 and NMDC Ltd by (4.53%) to Rs.122.10.
M&M Ltd is trading lower by (7.22%)at Rs.252.50 as the company reported a decline in its total automotive sales in November by 41.04% at 10,955 units compared with 18,583 units in the corresponding period last year. Domestic sales during the month stood at 10,430 units, against 17,844 units last year, down 41.55 per cent.
Maruti Suzuki is trading down by (6.08%) at Rs.456 as the company reported 27.4% decline in car sales during November at 47,103 units compared to 64,885 units in the same month last year. Total vehicle sales during the month were down by 24.4% at 52,711 units against 69,699 units in the same month last year. Sales of compact cars, comprising Alto, Zen Estilo, Wagon R, Swift and A-Star, were down by 26.6% at 34,976 units compared to 47,641 units in November last year.
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