The benchmark indices are trading in a red territory on the back of cautious approach by investors. After ‘Satyam mayhem’ investors are hoping something exceptional from corporate quarterly results as earnings of some major companies may dip due to the ongoing recession. In addition to this, the focus is on November’s IIP data, which has made market under pressure, as heavy selling seen across Power, Oil & Gas. IT, Metal, CG and Realty sectors. On a global front, most of the Asian market trading on a negative bias, after an announcement of further deterioration in the labor market during December’08 by the US govt. The market breadth is negative as 1110 stocks are trading in red while 631 stocks are in red.
At 11.33 AM, the BSE Sensex down by 207.62 points at 9,198.84 and NSE Nifty declined by 73.69 points at 2,799.3. The BSE Mid Cap and BSE Small Cap are trading lower by 30.86 points and 18.82 points at 3,089.92 and 3,536.77 respectively.
Losers from the BSE Sensex Pack are Wipro Ltd down by (9.83%) to Rs.226, along with Reliance Infrastructure by (8.10%) to Rs.474.5, DLF Ltd by (5.38%) at Rs.205.9, Hindalco Ind by (4.94%) at Rs.50, Reliance Industries by (4.95%) at Rs.1094.05 and Sterlite Industries by (4.25%) at Rs.261.5.
Losers from the NSE Nifty Pack are Wipro Ltd by (9.86%) at Rs.226.2 along with Siemens by (6.83%) at Rs.243.35, Reliance Infrastructure by (5.99%) at Rs.477.7, Ambuja Cements by (5.37%) at Rs.68.75 and Sterlite Industries by (4.85%) at Rs.258.7.
BSE Power is trading lower by (3.21%) or 57.23 points at 1,723.64. The major losers are Rel Infra trading lower by (8.10%) at Rs.474.50, along with Siemens Ltd by (4.85%) at Rs.248.05, Power Grid by (3.87%) at Rs.74.55, NTPC Ltd by (3.85%) at Rs.171.25, followed by Torrent Power by (3.79%) to Rs.72.25.
BSE Oil & Gas is trading lower by (2.94%) or 169.96 points at 5,607.63. The top losers in the index are Reliance down by (4.95%) to Rs.1094.05 along with BPCL by (2.55%) to Rs.371.10, Indian Oil Cor by (2.52%) to Rs.424.05, Rel Petroleum by (2.50%) to Rs.78.10 followed by ONGC by (2.01%) at Rs.657.
At 11.33 AM, the BSE Sensex down by 207.62 points at 9,198.84 and NSE Nifty declined by 73.69 points at 2,799.3. The BSE Mid Cap and BSE Small Cap are trading lower by 30.86 points and 18.82 points at 3,089.92 and 3,536.77 respectively.
Losers from the BSE Sensex Pack are Wipro Ltd down by (9.83%) to Rs.226, along with Reliance Infrastructure by (8.10%) to Rs.474.5, DLF Ltd by (5.38%) at Rs.205.9, Hindalco Ind by (4.94%) at Rs.50, Reliance Industries by (4.95%) at Rs.1094.05 and Sterlite Industries by (4.25%) at Rs.261.5.
Losers from the NSE Nifty Pack are Wipro Ltd by (9.86%) at Rs.226.2 along with Siemens by (6.83%) at Rs.243.35, Reliance Infrastructure by (5.99%) at Rs.477.7, Ambuja Cements by (5.37%) at Rs.68.75 and Sterlite Industries by (4.85%) at Rs.258.7.
BSE Power is trading lower by (3.21%) or 57.23 points at 1,723.64. The major losers are Rel Infra trading lower by (8.10%) at Rs.474.50, along with Siemens Ltd by (4.85%) at Rs.248.05, Power Grid by (3.87%) at Rs.74.55, NTPC Ltd by (3.85%) at Rs.171.25, followed by Torrent Power by (3.79%) to Rs.72.25.
BSE Oil & Gas is trading lower by (2.94%) or 169.96 points at 5,607.63. The top losers in the index are Reliance down by (4.95%) to Rs.1094.05 along with BPCL by (2.55%) to Rs.371.10, Indian Oil Cor by (2.52%) to Rs.424.05, Rel Petroleum by (2.50%) to Rs.78.10 followed by ONGC by (2.01%) at Rs.657.
No comments:
Post a Comment