Extending further losses, the domestic benchmark indices are trading in deep red tracking the falling global markets and deepening worries of banking crises in the United States. A recent news of US’s banking giant Deutsche Bank reported a USD 6.4 billion loss for the fourth quarter dragged the Indian banking sector down during the last hour trade. Besides, the continuous downfalls into the Asian markets are reflecting negative sentiment to the Indian market as investors are playing with the safest side. Heavy selling pressure is seen across the board with Bankex, Realty and IT leading the decline. The BSE Bankex index has plunged 6.13 % and the BSE Realty index has shed by 5.20%.
The market breadth is negative as 366 stocks are trading in red while 1420 stocks are in green.
At 11.30 AM, the BSE Sensex is down by 406.8 points at 8,963.68 whereas NSE Nifty by 115 points at 2,720.3. The BSE Mid Cap and BSE Small Cap are trading lower by 66.36 points and 78.34 points at 2997.11 and 3,407.34 respectively.
Losers from the BSE Sensex Pack are ICICI Bank down by (8.72%) at Rs 402.65, along with Unitech by (8.43%) to Rs.32.05, Siemens Ltd by (6.86%) at Rs.211, Punjab National Bank by (6.81%) to Rs.446.80, Wipro Ltd by (6.75%) at Rs.227.35 and (6.48%) to Rs.914 at Rs.913.95.
Losers from the NSE Nifty Pack are ICICI Bank lower by (8.37%) at Rs.404.2 along with Unitech by (8.15%) at Rs.32.1, Wipro Ltd by (7.01%) at Rs.226.7, Siemens Ltd by (6.86%) at Rs.211, Punjab National Bank by (6.81%) at Rs.444.45 and HDFC Bank by (6.37%) at Rs.915.3.
BSE Bankex is trading lower by (6.13%) or 319.53 points at 4,896.14. The top losers in the index are ICICI Bank dipped by (8.72%) to Rs.402.65 along with Punjab National Bank by (6.81%) to Rs.446.80, HDFC Bank by (6.48%) to Rs.914, followed by Bank of Baroda by (6.08%) at Rs.235.40.
BSE Realty is trading lower by (5.20%) or 96.36 points at 1,757.13. The major losers are Unitech trading lower by (8.43%) at Rs.32.05, along with Orbit Com by (6.19%) at Rs.47.75, DLF Ltd by (6.16%) at Rs.198.70, Housing Dev by (4.94%) at Rs.101, followed by Penland Ltd by (4.44%) to Rs.20.45.
The market breadth is negative as 366 stocks are trading in red while 1420 stocks are in green.
At 11.30 AM, the BSE Sensex is down by 406.8 points at 8,963.68 whereas NSE Nifty by 115 points at 2,720.3. The BSE Mid Cap and BSE Small Cap are trading lower by 66.36 points and 78.34 points at 2997.11 and 3,407.34 respectively.
Losers from the BSE Sensex Pack are ICICI Bank down by (8.72%) at Rs 402.65, along with Unitech by (8.43%) to Rs.32.05, Siemens Ltd by (6.86%) at Rs.211, Punjab National Bank by (6.81%) to Rs.446.80, Wipro Ltd by (6.75%) at Rs.227.35 and (6.48%) to Rs.914 at Rs.913.95.
Losers from the NSE Nifty Pack are ICICI Bank lower by (8.37%) at Rs.404.2 along with Unitech by (8.15%) at Rs.32.1, Wipro Ltd by (7.01%) at Rs.226.7, Siemens Ltd by (6.86%) at Rs.211, Punjab National Bank by (6.81%) at Rs.444.45 and HDFC Bank by (6.37%) at Rs.915.3.
BSE Bankex is trading lower by (6.13%) or 319.53 points at 4,896.14. The top losers in the index are ICICI Bank dipped by (8.72%) to Rs.402.65 along with Punjab National Bank by (6.81%) to Rs.446.80, HDFC Bank by (6.48%) to Rs.914, followed by Bank of Baroda by (6.08%) at Rs.235.40.
BSE Realty is trading lower by (5.20%) or 96.36 points at 1,757.13. The major losers are Unitech trading lower by (8.43%) at Rs.32.05, along with Orbit Com by (6.19%) at Rs.47.75, DLF Ltd by (6.16%) at Rs.198.70, Housing Dev by (4.94%) at Rs.101, followed by Penland Ltd by (4.44%) to Rs.20.45.
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