The market turns volatile after a positive gap opening in the morning. The better than expected GDP data of 7.6% for the second quarter had fuelled the positive sentiments in the morning session. The surge in the markets in the morning is now slaughtered by some profit booking. Further the statement from the Finance Minister Mr. P. Chidambaram about the slow economic growth has also affected the markets to some extent. Auto sector has felt the heat as Maruti Suzuki sales figure has fallen by 27% during the month of November.
On the global market front, the European Markets are trading negative as Dax Index is trading low by 1.89% and FTSE 100 has fallen by 1.53%.
The broader markets are trading mix as the BSE Mid Cap with loss of 13.55 points or (0.46%) at 2,870.36 while Small Cap are trading higher by 9.16 points or (0.27%) at 3,313.78.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,019shares traded so far, 1,103 shares advanced while 843 shares declined. Nearly 73 shares are unchanged.
MPHASIS reported the top gainer from the BSE Sensex pack. It is trading up by 8.82% at Rs.164 while GTL Infra reported as the top loser trading down by 10.03% at Rs.39.90.
At 2.30 p.m. BSE Sensex is at 8,987.18 lower by 105.54 points and NSE Nifty is at 2,727.40 down by 27.69 points.
The BSE IT index is higher by 36.10 points at 2,595.04. Stocks trading up are Mphasis by (8.79%) at Rs.164.00 along with NIIT Ltd by (5.89%) at Rs.25.15, Tech Mahindra by (3.78%) at Rs.233.65 and Moser Bare by (3.19%) at Rs.56.60.
The most active shares on NSE are Reliance Industries at Rs.1,136.80 with a total traded quantity of 4,612,889 shares followed by State Bank of India trading at Rs.1,055.00 with a total traded quantity of 3,824,943 shares.
On the global market front, the European Markets are trading negative as Dax Index is trading low by 1.89% and FTSE 100 has fallen by 1.53%.
The broader markets are trading mix as the BSE Mid Cap with loss of 13.55 points or (0.46%) at 2,870.36 while Small Cap are trading higher by 9.16 points or (0.27%) at 3,313.78.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,019shares traded so far, 1,103 shares advanced while 843 shares declined. Nearly 73 shares are unchanged.
MPHASIS reported the top gainer from the BSE Sensex pack. It is trading up by 8.82% at Rs.164 while GTL Infra reported as the top loser trading down by 10.03% at Rs.39.90.
At 2.30 p.m. BSE Sensex is at 8,987.18 lower by 105.54 points and NSE Nifty is at 2,727.40 down by 27.69 points.
The BSE IT index is higher by 36.10 points at 2,595.04. Stocks trading up are Mphasis by (8.79%) at Rs.164.00 along with NIIT Ltd by (5.89%) at Rs.25.15, Tech Mahindra by (3.78%) at Rs.233.65 and Moser Bare by (3.19%) at Rs.56.60.
The most active shares on NSE are Reliance Industries at Rs.1,136.80 with a total traded quantity of 4,612,889 shares followed by State Bank of India trading at Rs.1,055.00 with a total traded quantity of 3,824,943 shares.
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