The key benchmark index plunged on the back of weak global cues and the expiry of April F&O happening tomorrow. The selling pressure has emerged across frontline as well as bottomline stocks. Further, the news that Bank of America Corp. and Citigroup Inc. might require more capital is worrying the financial market leaving the nervousness in the sector.
On the sectoral front, traders off-loaded positions across the sectors except Consumer Durables indices. Metal stocks plunged as copper prices contracted on the commodities markets concern that the Swine flu outbreak will disrupt the economic activity to larger extent. Auto and Realty stocks shrunk on profit taking.
The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,311 stocks traded so far, 734 shares advanced while 1,499 shares declined. Nearly 78 shares are unchanged.
At 1.30PM, the BSE Sensex is trading lower by 171.43 points at 11,200.41 and NSE Nifty is down by 59.19 points at 3,410.80.
The BSE Mid Cap is trading lower by 70.78 points at 3,513.49 and Small cap is trading down by 69.38 points at 3,957.75.
Major gainers from the BSE Sensex pack are Mahindra & Mahindra surged by 3.81% to Rs. 493.00 along with Jaiprakash Associates Ltd 2.07% to Rs. 133.00, Maruti Suzuki by 0.85% to Rs. 814.40, Ranbaxy Labs by 0.75% to Rs. 168.90, Infosys Technologies Ltd by 0.73% to Rs. 1,443.00 and Sun Pharmaceuticals Ltd by 0.63% to Rs. 1237.35.
Losers from the BSE Sensex Pack are Sterlite Industries Ltd by 4.59% to Rs. 396.25 along with, Reliance Infra plunged 4.08% to Rs. 681.65, Tata Steel by 3.79% to Rs. 243.85, DLF Ltd by 3.40% to Rs. 235.55, Housing Development Finance Co 3.21% to Rs. 1745.90, ICICI Bank by 3.12% to Rs. 453.35, ITC Ltd by 3.05% to Rs. 187.30, Tata Power by 2.94% to Rs. 838.85, Reliance Communication by 2.86% to Rs. 217.15 and Tata Motors by 2.63% to Rs. 242.20 among others.
The BSE Metal is lower by 226.18 points or 3.19% at 6,870.96. Stocks trading in red are Sesa Goa Ltd by 5.92% to Rs. 114.40, Welspun Gujarat by 5.26% to Rs. 96.45, Jai Corp Ltd by 5.00% to Rs. 175.80 and Sterlite Industries Ltd by 4.59% to Rs. 396.25 among others.
Geometric Ltd shrunk 4.44% to Rs. 18.50 after the company reported a net loss for the fiscal year ended March 2009.
Mindtree Ltd advanced 5.11% to Rs. 265.10 after consolidated net profit posted phenomenal growth for the year ended March 2009.
Bank of Baroda surged 1.13% to Rs. 317.25 as the Company reported strong result for quarter ended March 2009.
3i Infotech gained 1.91% to Rs. 45.25 after the company agreed to buy JP Morgan Treasury Services'' national retail lockbox business (NRLB) to expand capacity and capabilities of its unit Regulus
Pennar Industries was locked at 5% upper limit at Rs. 24.15 as its board approved buy back of equity shares of the company at a maximum price of Rs 40 per share, a 65.63% premium over the current market price.
Jaiprakash Associates gained 2.07% to Rs. 133.00 on a strong revenue outlook in 2009/10. Shree Renuka Sugars plunged 5.44% to Rs. 94.75 after its net profit declined extensive for the quarter ended March 2009.
On the sectoral front, traders off-loaded positions across the sectors except Consumer Durables indices. Metal stocks plunged as copper prices contracted on the commodities markets concern that the Swine flu outbreak will disrupt the economic activity to larger extent. Auto and Realty stocks shrunk on profit taking.
The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,311 stocks traded so far, 734 shares advanced while 1,499 shares declined. Nearly 78 shares are unchanged.
At 1.30PM, the BSE Sensex is trading lower by 171.43 points at 11,200.41 and NSE Nifty is down by 59.19 points at 3,410.80.
The BSE Mid Cap is trading lower by 70.78 points at 3,513.49 and Small cap is trading down by 69.38 points at 3,957.75.
Major gainers from the BSE Sensex pack are Mahindra & Mahindra surged by 3.81% to Rs. 493.00 along with Jaiprakash Associates Ltd 2.07% to Rs. 133.00, Maruti Suzuki by 0.85% to Rs. 814.40, Ranbaxy Labs by 0.75% to Rs. 168.90, Infosys Technologies Ltd by 0.73% to Rs. 1,443.00 and Sun Pharmaceuticals Ltd by 0.63% to Rs. 1237.35.
Losers from the BSE Sensex Pack are Sterlite Industries Ltd by 4.59% to Rs. 396.25 along with, Reliance Infra plunged 4.08% to Rs. 681.65, Tata Steel by 3.79% to Rs. 243.85, DLF Ltd by 3.40% to Rs. 235.55, Housing Development Finance Co 3.21% to Rs. 1745.90, ICICI Bank by 3.12% to Rs. 453.35, ITC Ltd by 3.05% to Rs. 187.30, Tata Power by 2.94% to Rs. 838.85, Reliance Communication by 2.86% to Rs. 217.15 and Tata Motors by 2.63% to Rs. 242.20 among others.
The BSE Metal is lower by 226.18 points or 3.19% at 6,870.96. Stocks trading in red are Sesa Goa Ltd by 5.92% to Rs. 114.40, Welspun Gujarat by 5.26% to Rs. 96.45, Jai Corp Ltd by 5.00% to Rs. 175.80 and Sterlite Industries Ltd by 4.59% to Rs. 396.25 among others.
Geometric Ltd shrunk 4.44% to Rs. 18.50 after the company reported a net loss for the fiscal year ended March 2009.
Mindtree Ltd advanced 5.11% to Rs. 265.10 after consolidated net profit posted phenomenal growth for the year ended March 2009.
Bank of Baroda surged 1.13% to Rs. 317.25 as the Company reported strong result for quarter ended March 2009.
3i Infotech gained 1.91% to Rs. 45.25 after the company agreed to buy JP Morgan Treasury Services'' national retail lockbox business (NRLB) to expand capacity and capabilities of its unit Regulus
Pennar Industries was locked at 5% upper limit at Rs. 24.15 as its board approved buy back of equity shares of the company at a maximum price of Rs 40 per share, a 65.63% premium over the current market price.
Jaiprakash Associates gained 2.07% to Rs. 133.00 on a strong revenue outlook in 2009/10. Shree Renuka Sugars plunged 5.44% to Rs. 94.75 after its net profit declined extensive for the quarter ended March 2009.
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