The markets today opened sharply lower on the back of negative cues from the global markets. All the sectorial indices are trading in red in the opening trade. The significant selling witnessed among the large cap stocks. The Banking, Realty and Metal stocks are the worst hit stocks in the early trade. The US markets ended lower on Friday and the Asian markets are also witnessing some profit booking. The broader markets are however trading flat in the opening trade.
The BSE Sensex is now trading below the 9,800 mark and the NSE Nifty trading below the 3,050 mark.
At 10.32AM, the BSE Sensex was down by 253.82 points at 9,794.67 and the Nifty was down by 67.20 points to 3,041.45.
The BSE Mid Cap decreased by 6.86 points to 2,927.30 while the BSE Small Cap fell by 10.71 points to 3,248.82.
The Asian markets are trading lower today as Nikkei, Shanghai Composite, Hang Seng, Straits Times and Seoul Composite index are trading down by (2.59%), (0.13%), (3.03%), (2.84%) and (2.20%) respectively. Japan''s industrial output fell 9.4% in February, slightly more than expected.
The US stock markets on Friday ended lower as traders booked some profit at the end of the week. The Banking stocks remained in pressure after JPMorgan Chase and Bank of America said that March has been a little tougher than prior months. The commerce department reported that the Consumer spending reported a marginal rise for the second straight month in February. The personal income for the month of February declined -0.2%, while spending increased 0.2%. The Dow Jones Industrial Average (DJIA) dropped by 148.38 points to close at 7,776.18. The NASDAQ Composite (RIXF) index decreased by 41.80 points to close at 1,545.20 and the S&P 500 (SPX) fell by 16.92 points to close at 815.94.
Sun Pharmaceuticals reported the top gainer from the BSE Sensex pack, as it is trading higher by (1.61%) at Rs. 1,096.85 while ICICI Bank reported the top loser down by (5.67%) at Rs. 363.35.
The overall market breadth is negative as 530 stocks are advancing while 734 stocks are declining on BSE.
BSE Bank index is trading lower by 178.98 points or (3.71%) to trade at 4,650.05. The top losers are ICICI Bank decreased by (5.63%) to Rs.363.50, Kotak Bank down by (5.63%) to Rs.284.70, PNB declined by (4.37%) to Rs.421.85 followed by Yes Bank fell by (4.89%) to Rs. 52.55.
BSE Realty index is trading lower by 60.17 points or (3.68%) at 1,574.57. The major losers are Akruti City down by (5%) to Rs. 739.55, Unitech fell by (4.60%) at Rs. 34.25, DLF declined by (3.50%) to Rs. 176.20 and HDIL decreased by (3.29%) to Rs. 83.25.
Sun Pharmaceutical is advancing by (1.62%) to Rs. 1,098.05. The company has received U.S. Food & Drug Administration approval to make and sell generic versions of anticonvulsant topiramate tablets.
The BSE Sensex is now trading below the 9,800 mark and the NSE Nifty trading below the 3,050 mark.
At 10.32AM, the BSE Sensex was down by 253.82 points at 9,794.67 and the Nifty was down by 67.20 points to 3,041.45.
The BSE Mid Cap decreased by 6.86 points to 2,927.30 while the BSE Small Cap fell by 10.71 points to 3,248.82.
The Asian markets are trading lower today as Nikkei, Shanghai Composite, Hang Seng, Straits Times and Seoul Composite index are trading down by (2.59%), (0.13%), (3.03%), (2.84%) and (2.20%) respectively. Japan''s industrial output fell 9.4% in February, slightly more than expected.
The US stock markets on Friday ended lower as traders booked some profit at the end of the week. The Banking stocks remained in pressure after JPMorgan Chase and Bank of America said that March has been a little tougher than prior months. The commerce department reported that the Consumer spending reported a marginal rise for the second straight month in February. The personal income for the month of February declined -0.2%, while spending increased 0.2%. The Dow Jones Industrial Average (DJIA) dropped by 148.38 points to close at 7,776.18. The NASDAQ Composite (RIXF) index decreased by 41.80 points to close at 1,545.20 and the S&P 500 (SPX) fell by 16.92 points to close at 815.94.
Sun Pharmaceuticals reported the top gainer from the BSE Sensex pack, as it is trading higher by (1.61%) at Rs. 1,096.85 while ICICI Bank reported the top loser down by (5.67%) at Rs. 363.35.
The overall market breadth is negative as 530 stocks are advancing while 734 stocks are declining on BSE.
BSE Bank index is trading lower by 178.98 points or (3.71%) to trade at 4,650.05. The top losers are ICICI Bank decreased by (5.63%) to Rs.363.50, Kotak Bank down by (5.63%) to Rs.284.70, PNB declined by (4.37%) to Rs.421.85 followed by Yes Bank fell by (4.89%) to Rs. 52.55.
BSE Realty index is trading lower by 60.17 points or (3.68%) at 1,574.57. The major losers are Akruti City down by (5%) to Rs. 739.55, Unitech fell by (4.60%) at Rs. 34.25, DLF declined by (3.50%) to Rs. 176.20 and HDIL decreased by (3.29%) to Rs. 83.25.
Sun Pharmaceutical is advancing by (1.62%) to Rs. 1,098.05. The company has received U.S. Food & Drug Administration approval to make and sell generic versions of anticonvulsant topiramate tablets.
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