The markets continued its yesterday’s downfall and open sharply lower today in line with the Asian markets. The traders are disappointed as the much-awaited interim budget fails to provide any sops to the required sectors.
The markets yesterday plunged with the realty, banking and the auto stocks gave up their early gains as the interim budget failed to provide any relief as expected. All the sectorial indices are trading in red in the opening trade mainly led by the Realty, Banking, Metal, Consumer Durables, Power and Auto stocks. The broader markets are also trading marginally lower with a cut of more than 1% in the early trade.
The Asian markets are trading lower with the Shanghai Composite. Hang Seng, Nikkei 225, Seoul Composite and Straits Times index are trading lower by (0.52%), (2.95%), (1.55%), (3.25%) and (1.14%) respectively. The Shanghai Composite index also gave up its winning rally due to lack of new stimulus measures from Beijing.
The US markets were closed on Monday on account of President’s day.
The BSE Sensex is now trading below the 9,200 mark and the NSE Nifty trading below the 2,800 mark.
Ranbaxy Laboratories reported the top gainer from the BSE Sensex pack, as it is trading higher by (0.85%) at Rs. 206.80 while DLF the top loser down by (5.64%) at Rs. 147.15.
The overall market breadth is negative as 301 stocks are advancing while 875 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was down by 174.74 points at 9,130.71 and the Nifty was down by 52.05 points to 2,796.45.
The BSE Mid Cap decreased by 46.04 points to 2,878.71 and the BSE Small Cap fell by 37.27 points to 3,286.37.
BSE Realty index is trading lower by 64.93 points or (4.27%) to trade at 1,454.44. The top losers are DLF decreased by (5.42%) to Rs.147.50, Ansal Infra down by (4.35%) to Rs.26.40, Unitech declined by (4.48%) to Rs.28.80 followed by India Bull Real fell by (4.06%) to Rs. 94.60.
BSE Bank index is trading lower by 134.99 points or (2.82%) to trade at 4,659.79. The major losers are ICICI Bank declined by (3.86%) to Rs. 393.40, SBI down by (2.68%) to Rs.1,105.60, AXIS Bank decreased by (2.61%) to Rs.407.80 followed by HDFC Bank fell by (2.21%) to Rs.894.50.
Power Grid is trading lower by (3.24%) at Rs. 86.55. The company’s board has approved investments of Rs.51.81 billion to strengthen its transmission network in the southern, northern and western grid. The investment will be made over the three years period.
ONGC slipped by (1.35%) to Rs. 678.20. ONGC has entered into a strategic alliance with M/s Weatherford, a leading international oilfield service provider to jointly work in various areas.
The markets yesterday plunged with the realty, banking and the auto stocks gave up their early gains as the interim budget failed to provide any relief as expected. All the sectorial indices are trading in red in the opening trade mainly led by the Realty, Banking, Metal, Consumer Durables, Power and Auto stocks. The broader markets are also trading marginally lower with a cut of more than 1% in the early trade.
The Asian markets are trading lower with the Shanghai Composite. Hang Seng, Nikkei 225, Seoul Composite and Straits Times index are trading lower by (0.52%), (2.95%), (1.55%), (3.25%) and (1.14%) respectively. The Shanghai Composite index also gave up its winning rally due to lack of new stimulus measures from Beijing.
The US markets were closed on Monday on account of President’s day.
The BSE Sensex is now trading below the 9,200 mark and the NSE Nifty trading below the 2,800 mark.
Ranbaxy Laboratories reported the top gainer from the BSE Sensex pack, as it is trading higher by (0.85%) at Rs. 206.80 while DLF the top loser down by (5.64%) at Rs. 147.15.
The overall market breadth is negative as 301 stocks are advancing while 875 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was down by 174.74 points at 9,130.71 and the Nifty was down by 52.05 points to 2,796.45.
The BSE Mid Cap decreased by 46.04 points to 2,878.71 and the BSE Small Cap fell by 37.27 points to 3,286.37.
BSE Realty index is trading lower by 64.93 points or (4.27%) to trade at 1,454.44. The top losers are DLF decreased by (5.42%) to Rs.147.50, Ansal Infra down by (4.35%) to Rs.26.40, Unitech declined by (4.48%) to Rs.28.80 followed by India Bull Real fell by (4.06%) to Rs. 94.60.
BSE Bank index is trading lower by 134.99 points or (2.82%) to trade at 4,659.79. The major losers are ICICI Bank declined by (3.86%) to Rs. 393.40, SBI down by (2.68%) to Rs.1,105.60, AXIS Bank decreased by (2.61%) to Rs.407.80 followed by HDFC Bank fell by (2.21%) to Rs.894.50.
Power Grid is trading lower by (3.24%) at Rs. 86.55. The company’s board has approved investments of Rs.51.81 billion to strengthen its transmission network in the southern, northern and western grid. The investment will be made over the three years period.
ONGC slipped by (1.35%) to Rs. 678.20. ONGC has entered into a strategic alliance with M/s Weatherford, a leading international oilfield service provider to jointly work in various areas.
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