The markets slipped into red as selling pressure witnessed among the selective scrips. The benchmark indices erased their gains after breaching the 9,000 and 2,800 level. Further the negative opening of the European markets also turned down the sentiments today. The Banking, Oil & Gas, IT and Realty stocks are leading the losing streak. The broader markets continued to outperform the benchmarks but were off highs.
The BSE Sensex is now trading below the 8,850 mark and the NSE Nifty is trading around the 2,750 mark.
The overall market breadth is positive as 1202 stocks are advancing while 1131 stocks are declining in BSE.
Maruti Suzuki reported the top gainer from the BSE Sensex pack, as it is trading up by (1.55%) at Rs. 709.70.
However, TCS reported the top loser down by (3.62%) at Rs. 501.
At 2.35PM BSE Sensex is at 8,863.31 down by 80.23 points and Nifty is at 2,756.50 down by 20.75 points.
The BSE Mid Cap is lower by 1.42 points at 2,699.14 while the BSE Small Cap increased by 13.35 points to 3,011.84.
The IT index is trading lower by 38.55 points or 1.75% at 2,160.62. Losers from this pack are TCS trading down by 3.62% at Rs501 along with Oracle Finance by 2.58% at Rs662, Wipro by 2.17% at Rs223.30, Finance Technologies by 1.84% at Rs491, Infosys by 1.79% at Rs1265.20 and Aptech by 0.61% at Rs72.80.
The Bankex index is trading with deep cut of 91.46 points or 2.24% at 3,995.93. Scrips from the losers pack are Axis bank trading lower by 5.57% at Rs323.60 followed by Bank of Baroda by 4.92% at Rs196.25, Oriental bank by 3.79% at Rs99, PNB by 3.64% at Rs329.90, BOI by 3.58% at Rs192.30, SBI by 3.46% at Rs953.60, IOB by 3.31% at Rs42.30, IDBI Bank by 2.96% at Rs44.25 and HDFC bank by 2.68% at Rs822.
The most active shares on NSE are Unitech trading at Rs.26.30 with a total traded quantity of 49176126 shares followed by Rolta trading at Rs.51.90 with a total traded quantity of 28636421 shares.
Praj Industries Ltd is trading lower by 1.12% at Rs48.50. The company has received an order for downstream processing equipment from Range Fuels, USA, of approx. Rs 20 crores.
LIC Housing Finance Ltd (LICHFL) is trading down by 3.10% at Rs200.35. The company cut its home loan rates by 0.75 per cent for the existing customers with effect from from April 1. The borrowers can now avail loans for a rate of 10- 10.5 per cent as against 10.75-11.25 per cent earlier. The company in January had reduced its lending rates by 0.75 per cent for the existing customers. LICHFL had cut its lending rates by 1.25 per cent in three tranches during last year.
On the global markets front, the European markets are trading lower as FTSE 100 and DAX index are trading down by (1.05%) and (1.24%) respectively.
The BSE Sensex is now trading below the 8,850 mark and the NSE Nifty is trading around the 2,750 mark.
The overall market breadth is positive as 1202 stocks are advancing while 1131 stocks are declining in BSE.
Maruti Suzuki reported the top gainer from the BSE Sensex pack, as it is trading up by (1.55%) at Rs. 709.70.
However, TCS reported the top loser down by (3.62%) at Rs. 501.
At 2.35PM BSE Sensex is at 8,863.31 down by 80.23 points and Nifty is at 2,756.50 down by 20.75 points.
The BSE Mid Cap is lower by 1.42 points at 2,699.14 while the BSE Small Cap increased by 13.35 points to 3,011.84.
The IT index is trading lower by 38.55 points or 1.75% at 2,160.62. Losers from this pack are TCS trading down by 3.62% at Rs501 along with Oracle Finance by 2.58% at Rs662, Wipro by 2.17% at Rs223.30, Finance Technologies by 1.84% at Rs491, Infosys by 1.79% at Rs1265.20 and Aptech by 0.61% at Rs72.80.
The Bankex index is trading with deep cut of 91.46 points or 2.24% at 3,995.93. Scrips from the losers pack are Axis bank trading lower by 5.57% at Rs323.60 followed by Bank of Baroda by 4.92% at Rs196.25, Oriental bank by 3.79% at Rs99, PNB by 3.64% at Rs329.90, BOI by 3.58% at Rs192.30, SBI by 3.46% at Rs953.60, IOB by 3.31% at Rs42.30, IDBI Bank by 2.96% at Rs44.25 and HDFC bank by 2.68% at Rs822.
The most active shares on NSE are Unitech trading at Rs.26.30 with a total traded quantity of 49176126 shares followed by Rolta trading at Rs.51.90 with a total traded quantity of 28636421 shares.
Praj Industries Ltd is trading lower by 1.12% at Rs48.50. The company has received an order for downstream processing equipment from Range Fuels, USA, of approx. Rs 20 crores.
LIC Housing Finance Ltd (LICHFL) is trading down by 3.10% at Rs200.35. The company cut its home loan rates by 0.75 per cent for the existing customers with effect from from April 1. The borrowers can now avail loans for a rate of 10- 10.5 per cent as against 10.75-11.25 per cent earlier. The company in January had reduced its lending rates by 0.75 per cent for the existing customers. LICHFL had cut its lending rates by 1.25 per cent in three tranches during last year.
On the global markets front, the European markets are trading lower as FTSE 100 and DAX index are trading down by (1.05%) and (1.24%) respectively.
No comments:
Post a Comment