The key benchmark indices are trading negative on account of monthly derivative expiry and weak sentiments across the global markets. Going ahead, the inflation data, which is to be announced in a short while, has also kept the traders away from taking any fresh positions. Besides, today the eyes will be on Commerce and Industry minister Kamal Nath, who is likely to announce a special package for exporters in the foreign trade policy. The package is targeted to bring down the operation cost for exporters who have been hit badly by the global slowdown. Among the sectoral indices, the BSE Bankex is down by 2.77% and the BSE CD has declined over 2.6%. On the other hand, the Realty index and yesterday''s gainer Metal index on the BSE are trading down by 1.49% and 1.02% respectively. Overall the market breadth is negative as 1016 stocks are trading in red while 646 stocks are in green.
At 11.30 AM, the BSE Sensex declined by 74.26 points at 8,828.29 and NSE Nifty down by 20.4 points at 2,742.1. The BSE Mid Cap and Small Cap are trading lower by 12.8 points and 21.07 points at 2,744.18 and 3,113.62 respectively.
Losers from the BSE Sensex Pack are Ranbaxy Lab down by (14.21%) to Rs. 177.8, along with ICICI Bank by (4.61%) to Rs. 324.8, Housing Development Finance Corporation Ltd by (4.14%) to Rs. 1202.5, DLF Ltd by (2.68%) to Rs. 150.45, Jaiprakash asso by (2.01%) at Rs.65.7 and BHEL by (1.49%) at Rs.1359.1.
Losers from the NSE Nifty Pack are Ranbaxy Ltd by (14.38%) at Rs. 177.45 along with ICICI Bank Ltd by (4.90%) at Rs. 323.9, PNB by (4.54%) at Rs. 325.9, Housing Development Finance Corporation Ltd by (4.16%) at Rs. 1202.5 and BPCL by (3.57%) at Rs.387.6.
BSE Bankex is trading lower by (2.77%) or 118.64 points at 4,158.39. The major losers are Canara Bank trading down by (7.37%) at Rs. 150.10, along with ICICI Bank by (4.61%) at Rs. 324.8, PNB by (4.13%) at Rs. 327.35, Axis Bank by (4.05%) at Rs. 351.40, followed by Bank of Baroda by (3.55%) to Rs.209.25.
BSE Consumer Durables is trading down by (2.62%) or 41.25 points at 1,534.82. The top losers in the index are Gitanjali GE down by (3.58%) to Rs. 40.35 along with Titan Industries by (2.90%) to Rs. 758, Blue Star by (2.74%) to Rs. 136.60, Videocon Ind by (1.50%) to Rs. 85.40, followed by Rajesh Exports by (1.04%) to Rs. 23.75.
At 11.30 AM, the BSE Sensex declined by 74.26 points at 8,828.29 and NSE Nifty down by 20.4 points at 2,742.1. The BSE Mid Cap and Small Cap are trading lower by 12.8 points and 21.07 points at 2,744.18 and 3,113.62 respectively.
Losers from the BSE Sensex Pack are Ranbaxy Lab down by (14.21%) to Rs. 177.8, along with ICICI Bank by (4.61%) to Rs. 324.8, Housing Development Finance Corporation Ltd by (4.14%) to Rs. 1202.5, DLF Ltd by (2.68%) to Rs. 150.45, Jaiprakash asso by (2.01%) at Rs.65.7 and BHEL by (1.49%) at Rs.1359.1.
Losers from the NSE Nifty Pack are Ranbaxy Ltd by (14.38%) at Rs. 177.45 along with ICICI Bank Ltd by (4.90%) at Rs. 323.9, PNB by (4.54%) at Rs. 325.9, Housing Development Finance Corporation Ltd by (4.16%) at Rs. 1202.5 and BPCL by (3.57%) at Rs.387.6.
BSE Bankex is trading lower by (2.77%) or 118.64 points at 4,158.39. The major losers are Canara Bank trading down by (7.37%) at Rs. 150.10, along with ICICI Bank by (4.61%) at Rs. 324.8, PNB by (4.13%) at Rs. 327.35, Axis Bank by (4.05%) at Rs. 351.40, followed by Bank of Baroda by (3.55%) to Rs.209.25.
BSE Consumer Durables is trading down by (2.62%) or 41.25 points at 1,534.82. The top losers in the index are Gitanjali GE down by (3.58%) to Rs. 40.35 along with Titan Industries by (2.90%) to Rs. 758, Blue Star by (2.74%) to Rs. 136.60, Videocon Ind by (1.50%) to Rs. 85.40, followed by Rajesh Exports by (1.04%) to Rs. 23.75.
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