After a gap down opening the bench mark indices have shown some recovery by pairing more than 100 points during the last one hour trade on the back of selective buying from the FMCG and Consumer Durables pack. However, volume continued to remain low due to lack of market participation. Tracking rickety cues from global financial sector crisis, the Indian banking stocks have hammered badly continuously second day and currently trading almost 1.5% down. Other than this, selling pressure has emerged across the TECk, Power and Metal stocks which registered a decline of 0.99%, 0.64% and 0.63% respectively. The market breadth is negative as 808 stocks are trading in red while 851 stocks are in green.
At 11.30 AM, the BSE Sensex down by 127.5 points at 8,973.05 while NSE Nifty declined by 33.24 points at 2,763.35. The BSE Mid Cap and BSE Small Cap are trading lower by 13.17 points and 1.03 points at 3,002.83 and 3,438.06 respectively.
Losers from the BSE Sensex Pack are ICICI Bank Ltd down by (3.93%) to Rs.381.7, along with Housing Development Finance Corporation by (3.48%) to Rs.1431.75, Wipro Ltd by (2.81%) at Rs.221.45, Bharti Airtel by (2.60%) at Rs.599.35, Mahindra & Mahindra by (2.22%) to Rs.293.5 and DLF Ltd by (2.09%) at Rs.185.45.
Losers from the NSE Nifty Pack are Zee entertainment down by (4.07%) at Rs.115.5 along with Housing Development Finance Corporation by (3.56%) at Rs.1432.95, ICICI Bank by (3.42%) at Rs.382.75, Power Grid Corp by (3.16%) at Rs.84.25 and Wipro Ltd by (3.07%) at Rs.221.15.
BSE Bankex is trading lower by (1.61%) or 77.67 points at 4,756.14. The top losers in the index are ICICI Bank down by (3.93%) to Rs.381.7 along with HDFC Bank by (1.74%) to Rs.896, Federal Bank by (1.50%) to Rs.151, Bank of India by (1.43%) to Rs.247.60 followed by Indian Overseas Bank by (0.84%) at Rs.64.95.
BSE TECk is trading lower by (0.99%) or 17.59 points at 1,754.87. The top losers in the index are IOL Net Com down by (4.72%) to Rs.45.45 along with Zee Entertainment by (4.61%) to Rs.115.80, Wipro Ltd by (2.79%) to Rs.221.50, Bharti Airtel by (2.49) to Rs.600, followed by Patni comp by (2.22%) to Rs.114.70.
At 11.30 AM, the BSE Sensex down by 127.5 points at 8,973.05 while NSE Nifty declined by 33.24 points at 2,763.35. The BSE Mid Cap and BSE Small Cap are trading lower by 13.17 points and 1.03 points at 3,002.83 and 3,438.06 respectively.
Losers from the BSE Sensex Pack are ICICI Bank Ltd down by (3.93%) to Rs.381.7, along with Housing Development Finance Corporation by (3.48%) to Rs.1431.75, Wipro Ltd by (2.81%) at Rs.221.45, Bharti Airtel by (2.60%) at Rs.599.35, Mahindra & Mahindra by (2.22%) to Rs.293.5 and DLF Ltd by (2.09%) at Rs.185.45.
Losers from the NSE Nifty Pack are Zee entertainment down by (4.07%) at Rs.115.5 along with Housing Development Finance Corporation by (3.56%) at Rs.1432.95, ICICI Bank by (3.42%) at Rs.382.75, Power Grid Corp by (3.16%) at Rs.84.25 and Wipro Ltd by (3.07%) at Rs.221.15.
BSE Bankex is trading lower by (1.61%) or 77.67 points at 4,756.14. The top losers in the index are ICICI Bank down by (3.93%) to Rs.381.7 along with HDFC Bank by (1.74%) to Rs.896, Federal Bank by (1.50%) to Rs.151, Bank of India by (1.43%) to Rs.247.60 followed by Indian Overseas Bank by (0.84%) at Rs.64.95.
BSE TECk is trading lower by (0.99%) or 17.59 points at 1,754.87. The top losers in the index are IOL Net Com down by (4.72%) to Rs.45.45 along with Zee Entertainment by (4.61%) to Rs.115.80, Wipro Ltd by (2.79%) to Rs.221.50, Bharti Airtel by (2.49) to Rs.600, followed by Patni comp by (2.22%) to Rs.114.70.
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