After a flat start, the benchmark indices are trading on highly volatile on account of profit bookings and sheer pressure of flat trading of other Asian markets. Lack of support from its Asian counterparts and cautious steps of investors before taking any fresh positions dragged Sensex down from a surprise gain of over 100 pts in its early trade. On a stock specific move, Tata Steel is trading up by 4.03% after it announced that it may partly roll back its recent production cut at UK subsidiary Corus, as there are some signs of a demand revival in Europe. During the last hour, selling pressure has emerged in IT, TECk and Realty stocks, whereas buying pressure has emerged across Metal, HC and Banking counters. Among the sectoral indices, the BSE IT and TECk indices are down by 1.88% and 0.80% respectively, while Metal and HC indices surged by 2.17% and 1.62% respectively. Overall the market breadth is positive as 1138 stocks are trading in green while 809 stocks are in red.
At 11.30 AM, the BSE Sensex down by 75.15 points at 9,927.94 whereas NSE Nifty declined by 13.09 points at 3,069.15. Opposite to that, the BSE Mid Cap and Small Cap are trading higher by 23.29 points and 17.65 points at 2,897.51 and 3,205 respectively.
Losers from the BSE Sensex Pack are Reliance Infrastructure down by (3%) to Rs. 547.35, along with Infosys Tech Ltd by (2.87%) to Rs. 1341, Wipro Ltd by (2.79%) at Rs. 247.5, TCS Ltd by (2.47%) at Rs. 543.4, HDFC Ltd by (2.07%) at Rs. 1619 and Maruti Suzuki by (1.96%) at Rs.756.
Losers from the NSE Nifty Pack are Reliance Infrastructure by (3.78%) at Rs. 542.9 along with Wipro Ltd by (3.27%) at Rs. 247.15, TCS Ltd by (2.87%) at Rs. 542.4, Infosys Tech Ltd by (2.77%) at Rs. 1,341 and Idea Cellular Ltd by (2.62%) at Rs. 50.15.
BSE IT is trading lower by (1.88%) or 44.44 points at 2,316.77. The major losers are Mphasis Ltd down by (4.13%) at Rs. 194.90 along with Wipro Ltd by (2.79%) at Rs. 247.5, Infosys Tec Ltd by (2.87%) at Rs. 1,341 followed by TCS by (2.47%) at Rs. 543.4.
BSE Metal is trading higher by (2.17%) or 126.43 points at 5,953.75. The top gainers in the index are JSW SL surged by (5.69%) to Rs.214.50 along with Tata Steel by (4.03%) to Rs. 213.05, Ispat Industries by (3.21%) to Rs. 11.26, SAIL by (2.97%) to Rs. 98.95, followed by Hindustan Zinc by (2.78%) at Rs. 448.
At 11.30 AM, the BSE Sensex down by 75.15 points at 9,927.94 whereas NSE Nifty declined by 13.09 points at 3,069.15. Opposite to that, the BSE Mid Cap and Small Cap are trading higher by 23.29 points and 17.65 points at 2,897.51 and 3,205 respectively.
Losers from the BSE Sensex Pack are Reliance Infrastructure down by (3%) to Rs. 547.35, along with Infosys Tech Ltd by (2.87%) to Rs. 1341, Wipro Ltd by (2.79%) at Rs. 247.5, TCS Ltd by (2.47%) at Rs. 543.4, HDFC Ltd by (2.07%) at Rs. 1619 and Maruti Suzuki by (1.96%) at Rs.756.
Losers from the NSE Nifty Pack are Reliance Infrastructure by (3.78%) at Rs. 542.9 along with Wipro Ltd by (3.27%) at Rs. 247.15, TCS Ltd by (2.87%) at Rs. 542.4, Infosys Tech Ltd by (2.77%) at Rs. 1,341 and Idea Cellular Ltd by (2.62%) at Rs. 50.15.
BSE IT is trading lower by (1.88%) or 44.44 points at 2,316.77. The major losers are Mphasis Ltd down by (4.13%) at Rs. 194.90 along with Wipro Ltd by (2.79%) at Rs. 247.5, Infosys Tec Ltd by (2.87%) at Rs. 1,341 followed by TCS by (2.47%) at Rs. 543.4.
BSE Metal is trading higher by (2.17%) or 126.43 points at 5,953.75. The top gainers in the index are JSW SL surged by (5.69%) to Rs.214.50 along with Tata Steel by (4.03%) to Rs. 213.05, Ispat Industries by (3.21%) to Rs. 11.26, SAIL by (2.97%) to Rs. 98.95, followed by Hindustan Zinc by (2.78%) at Rs. 448.
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