After a gap down opening during early trades, the benchmark indices are still trading with negative bias. The continuous two days positive sentiments around the market were distracted by bearish US market along with most of the Asian markets. As a result of this, almost all the sectoral indices are trading in negative terrain with Bank stocks leading the race, tracking the disappointment of US bank rescue plan. The selling pressure has emerged across the BSE Bankex and Capital Goods counters as both the indices are down by nearly 1.50% each. Overall the market breadth is negative as 949 stocks are trading in red while 716 stocks are in green.
At 11.30 AM, the BSE Sensex down by 95.79 points at 9,551.67 and NSE Nifty declined by 22.04 points at 2,912.45. The BSE Mid Cap is trading lower by 4.17 points at 2,950.07, whereas BSE Small Cap is trading in positive with marginal gain of 1.31 points at 3,343.83 respectively.
Losers from the BSE Sensex Pack are Reliance Infrastructure down by (4.04%) to Rs.539.75, along with DLF Ltd by (3.11%) to Rs.147.75, L&T by (2.52%) at Rs.679.8, HDFC Bank Ltd by (2.41%) at Rs.924.05, Jaiprakash Asso by (2.20%) at Rs.73.2 and Tata Steel by (2.18%) at Rs.192.65.
Losers from the NSE Nifty Pack are Zee Entertainment by (6.89%) at Rs.120.35 along with Reliance Infrastructure by (3.98%) at Rs.541.1, DLF Ltd by (2.95%) at Rs. 148.1, Tata Communication by (2.82%) at Rs. 438.95 and L&T by (2.58%) at Rs.680.5.
BSE Bankex is trading lower by (1.50%) or 74.73 points at 4,897.96. The major losers are HDFC Bank Ltd trading down by (2.41%) at Rs.924.05, along with Kotak Bank by (1.92%) at Rs.275.70, SBI by (1.89%) at Rs.1142, ICICI Bank by (1.75%) at Rs. 420.60, followed by Bank of India by (1.56%) to Rs.249.50.
BSE Capital Goods is trading down by (1.48%) or 96.11 points at 6,388.19. The top losers in the index are Gammon India declined by (3.16%) to Rs.69 along with Crompton Greaves by (3.12%) to Rs. 133.50, AIA Eng by (3.08%) to Rs. 115, Praj Industries by (3.05%) to Rs. 60.40 followed by L&T by (2.52%) at Rs.679.8.
At 11.30 AM, the BSE Sensex down by 95.79 points at 9,551.67 and NSE Nifty declined by 22.04 points at 2,912.45. The BSE Mid Cap is trading lower by 4.17 points at 2,950.07, whereas BSE Small Cap is trading in positive with marginal gain of 1.31 points at 3,343.83 respectively.
Losers from the BSE Sensex Pack are Reliance Infrastructure down by (4.04%) to Rs.539.75, along with DLF Ltd by (3.11%) to Rs.147.75, L&T by (2.52%) at Rs.679.8, HDFC Bank Ltd by (2.41%) at Rs.924.05, Jaiprakash Asso by (2.20%) at Rs.73.2 and Tata Steel by (2.18%) at Rs.192.65.
Losers from the NSE Nifty Pack are Zee Entertainment by (6.89%) at Rs.120.35 along with Reliance Infrastructure by (3.98%) at Rs.541.1, DLF Ltd by (2.95%) at Rs. 148.1, Tata Communication by (2.82%) at Rs. 438.95 and L&T by (2.58%) at Rs.680.5.
BSE Bankex is trading lower by (1.50%) or 74.73 points at 4,897.96. The major losers are HDFC Bank Ltd trading down by (2.41%) at Rs.924.05, along with Kotak Bank by (1.92%) at Rs.275.70, SBI by (1.89%) at Rs.1142, ICICI Bank by (1.75%) at Rs. 420.60, followed by Bank of India by (1.56%) to Rs.249.50.
BSE Capital Goods is trading down by (1.48%) or 96.11 points at 6,388.19. The top losers in the index are Gammon India declined by (3.16%) to Rs.69 along with Crompton Greaves by (3.12%) to Rs. 133.50, AIA Eng by (3.08%) to Rs. 115, Praj Industries by (3.05%) to Rs. 60.40 followed by L&T by (2.52%) at Rs.679.8.
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