The pessimistic bearish global cues have pushed the domestic benchmark indices into the southward direction. Investors across the globe are worried about the worst than expected contraction in the US economy. In the domestic arena, RIL''s merger deal with its home unit RPL has been approved by the respective boards, with the swap ratio of 16:1. Selling pressure has emerged across the board with banking, metal, IT and realty stocks leading the laggards list. The BSE bankex is down by 3.25% and the BSE metal index has shed around 2.95%. However, BSE Auto and Realty indices shown some support during the decline and grew marginally by 0.24% and 0.04% respectively. Overall the market breadth is negative as 1018 stocks are trading in red while 586 stocks are in green.
At 11.30 AM, the BSE Sensex down by 194.79 points at 8,696.82 whereas NSE Nifty declined by 63.45 points at 2,700.2. The BSE Mid Cap and Small Cap are trading lower by 16.75 points and 15.74 points at 2,741.54 and 3,090.27 respectively.
Losers from the BSE Sensex Pack are ICICI Bank down by (3.99%) to Rs. 315, along with HDFC Bank by (3.88%) to Rs. 850.5, Tata Steel by (3.77%) at Rs. 165.85, ONGC by (3.58%) at Rs. 666.4, ACC Ltd by (3.29%) at Rs. 522.05 and Reliance Infra by (3.22%) at Rs. 474.8.
Losers from the NSE Nifty Pack are HDFC bank Ltd by (4.67%) at Rs.847.95 along with Zee Entertainment by (4.35%) at Rs. 102.2, Tata Steel by (4.02%) at Rs. 165.85, Power Grid by (3.97%) at Rs. 93.05 and ICICI Bank by (3.83%) at Rs. 315.
BSE Bankex is trading lower by (3.25%) or 137.72 points at 4,102.38. The top losers in the index are ICICI Bank Ltd by (3.99%) to Rs. 315 along with HDFC Bank by (3.88%) to Rs. 850.5, PNB by (3.85%) to Rs. 324.50, Axis Bank by (3.74%) to Rs. 334.95 followed by Oriental Bank by (2.91%) at Rs. 111.75.
BSE Metal is trading lower by (2.95%) or 138.21 points at 4,552.76. The major losers are JSW SL trading down by (5.13%) at Rs. 178.40, along with Welsp Guj by (3.71%) at Rs. 59.65, Jindal Steel by (3.61%) at Rs.1,005.50, (3.77%) at Rs. 165.85 at Rs. 166.25, followed by Sesa Goa by (3.09%) to Rs. 78.30.
At 11.30 AM, the BSE Sensex down by 194.79 points at 8,696.82 whereas NSE Nifty declined by 63.45 points at 2,700.2. The BSE Mid Cap and Small Cap are trading lower by 16.75 points and 15.74 points at 2,741.54 and 3,090.27 respectively.
Losers from the BSE Sensex Pack are ICICI Bank down by (3.99%) to Rs. 315, along with HDFC Bank by (3.88%) to Rs. 850.5, Tata Steel by (3.77%) at Rs. 165.85, ONGC by (3.58%) at Rs. 666.4, ACC Ltd by (3.29%) at Rs. 522.05 and Reliance Infra by (3.22%) at Rs. 474.8.
Losers from the NSE Nifty Pack are HDFC bank Ltd by (4.67%) at Rs.847.95 along with Zee Entertainment by (4.35%) at Rs. 102.2, Tata Steel by (4.02%) at Rs. 165.85, Power Grid by (3.97%) at Rs. 93.05 and ICICI Bank by (3.83%) at Rs. 315.
BSE Bankex is trading lower by (3.25%) or 137.72 points at 4,102.38. The top losers in the index are ICICI Bank Ltd by (3.99%) to Rs. 315 along with HDFC Bank by (3.88%) to Rs. 850.5, PNB by (3.85%) to Rs. 324.50, Axis Bank by (3.74%) to Rs. 334.95 followed by Oriental Bank by (2.91%) at Rs. 111.75.
BSE Metal is trading lower by (2.95%) or 138.21 points at 4,552.76. The major losers are JSW SL trading down by (5.13%) at Rs. 178.40, along with Welsp Guj by (3.71%) at Rs. 59.65, Jindal Steel by (3.61%) at Rs.1,005.50, (3.77%) at Rs. 165.85 at Rs. 166.25, followed by Sesa Goa by (3.09%) to Rs. 78.30.
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