The markets today opened significantly lower with a heavy gap down on the back of weak global cues. The BSE Sensex slipped below the 10,250 mark and the NSE Nifty below the 3,200 mark in the early trade. All the sectorial indices are trading in red barring the FMCG index. The profit booking is seen among the Realty, Banking, Metal, Capital Gods and Oil & Gas stocks. The broader market stocks are also witnessing selling pressure today. The BSE Mid Cap and the Small Cap index both are trading with a loss of around 1% each.
At 10.34AM, the BSE Sensex was down by 318.89 points at 10,215.98 and the Nifty was down by 88.05 points to 3,168.55.
The BSE Mid Cap decreased by 28.01 points to 3,175.07 and the BSE Small Cap fell by 14.34 points to 3,532.90.
The Asian markets are trading lower today as Hang Seng, Nikkei 255, Seoul Composite and Straits Times index are trading down by (4.05%), (3.06%), (2.55%) and (2.07%) respectively.
The US stock markets on Tuesday ended in red for the second straight day due to continued concern about the banking industry and the first-quarter earnings season which unofficially starts this evening. The financial sector performed in-line with much of the broader market for almost the entire session, but a late selling effort forced the sector to close at its session low with a 3.2% loss. This has led the broader market to close in weak fashion. The Dow Jones Industrial Average (DJIA) dropped by 186.29 points to close at 7,789.56. The NASDAQ Composite (RIXF) index decreased by 45.10 points to close at 1,561.61 and the S&P 500 (SPX) fell by 19.93 points to close at 815.55.
Sun Pharma reported the top gainer from the BSE Sensex pack, as it is trading higher by (1.49%) at Rs. 1,084.85 while Hindalco Industries reported the top loser down by (6.59%) at Rs. 56.
The overall market breadth is negative as 538 stocks are advancing while 942 stocks are declining on BSE.
BSE Realty index is trading lower by 94.42 points or (5.11%) to trade at 1,754.41. The top losers are HDIL decreased by (5.42%) to Rs.104.65, India Bull Real down by (5.41%) to Rs.108.45, Unitech declined by (5.16%) to Rs.34.90 followed by DLF fell by (5.01%) to Rs. 199.10.
BSE Bank index is trading lower by 241.26 points or (4.90%) at 4,685.01. The major losers are Kotak Bank down by (6.88%) to Rs. 345.80, HDFC Bank fell by (6.49%) at Rs. 994, AXIS Bank down by (5.38%) to Rs. 412.90 and ICICI Bank declined by (5.19%) to Rs. 355.20.
TCS is declining by (1.65%) to Rs.570. The software exporter has won a $80-million outsourcing contract from UK’s Child Maintenance and Enforcement Commission. The company will will help CMEC implement and integrate various applications, including Oracle’s Siebel customer relationship management software and TCS’ Bancs software.
BHEL is declining by (3.61%) to Rs. 1,476. The company has signed a ten-year technology transfer agreement with the UK-based Sheffield Forgemasters International Ltd.
At 10.34AM, the BSE Sensex was down by 318.89 points at 10,215.98 and the Nifty was down by 88.05 points to 3,168.55.
The BSE Mid Cap decreased by 28.01 points to 3,175.07 and the BSE Small Cap fell by 14.34 points to 3,532.90.
The Asian markets are trading lower today as Hang Seng, Nikkei 255, Seoul Composite and Straits Times index are trading down by (4.05%), (3.06%), (2.55%) and (2.07%) respectively.
The US stock markets on Tuesday ended in red for the second straight day due to continued concern about the banking industry and the first-quarter earnings season which unofficially starts this evening. The financial sector performed in-line with much of the broader market for almost the entire session, but a late selling effort forced the sector to close at its session low with a 3.2% loss. This has led the broader market to close in weak fashion. The Dow Jones Industrial Average (DJIA) dropped by 186.29 points to close at 7,789.56. The NASDAQ Composite (RIXF) index decreased by 45.10 points to close at 1,561.61 and the S&P 500 (SPX) fell by 19.93 points to close at 815.55.
Sun Pharma reported the top gainer from the BSE Sensex pack, as it is trading higher by (1.49%) at Rs. 1,084.85 while Hindalco Industries reported the top loser down by (6.59%) at Rs. 56.
The overall market breadth is negative as 538 stocks are advancing while 942 stocks are declining on BSE.
BSE Realty index is trading lower by 94.42 points or (5.11%) to trade at 1,754.41. The top losers are HDIL decreased by (5.42%) to Rs.104.65, India Bull Real down by (5.41%) to Rs.108.45, Unitech declined by (5.16%) to Rs.34.90 followed by DLF fell by (5.01%) to Rs. 199.10.
BSE Bank index is trading lower by 241.26 points or (4.90%) at 4,685.01. The major losers are Kotak Bank down by (6.88%) to Rs. 345.80, HDFC Bank fell by (6.49%) at Rs. 994, AXIS Bank down by (5.38%) to Rs. 412.90 and ICICI Bank declined by (5.19%) to Rs. 355.20.
TCS is declining by (1.65%) to Rs.570. The software exporter has won a $80-million outsourcing contract from UK’s Child Maintenance and Enforcement Commission. The company will will help CMEC implement and integrate various applications, including Oracle’s Siebel customer relationship management software and TCS’ Bancs software.
BHEL is declining by (3.61%) to Rs. 1,476. The company has signed a ten-year technology transfer agreement with the UK-based Sheffield Forgemasters International Ltd.
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