The markets are under pressure today as investors are hesitating to take any fresh positions ahead of the elections results this weekend. Further the negative opening of the European markets also turned down the sentiments further. All the sectorial indices are treading in red in the afternoon trade.
The Realty, Capital Goods, Metal and Consumer Durables stocks are fronting the decline today. The broader market indices also trading extended their losses as both the BSE MidCap and the BSE Small Cap indices are trading with a cut of more than 2% each.
The BSE Sensex is now trading below the 11,700 mark and the NSE Nifty around the 3,550 mark.
The overall market breadth is negative as 802 stocks are advancing while 1599 stocks are declining in BSE.
Sun Pharma reported the top gainer from the BSE Sensex pack, as it is trading up by (0.42%) at Rs. 1,291.20 while Reliance Communication reported the top loser trading down by (5.71%) at Rs. 216.50.
BSE Sensex is at 11,677.67 down by 198.76 points and Nifty is at 3,548.80 down by 71.90 points.
The BSE Mid Cap is lower by 66.64 points at 3,703.78 and the BSE Small Cap decreased by 91.74 points to 4,185.52.
The Realty index is the worst hit as it is trading with deep cut of 132.25 points or 5.61% at 2,223.36. Puling it are Unitech trading down by 8.71% at Rs48.20 along with Orbitco by 7.63% at Rs85.30, Ansal Infra by 5.50% at Rs33.50, MahindraLife by 5.31% at Rs173.10, Omaxe Ltd by 5.25% at Rs56, DLF by 4.89% at Rs228.65, Parsvnath by 4.64% at Rs49.35, Indiabull Real by 4.40% at Rs136.80, Akruti City by 3.73% at Rs381 and Anant Raj Inds by 3.55% at Rs74.80.
The Capital Goods index is trading down by 266.04 points or 3.13% at 8,241.25. Losers from this pack are Gammon India trading lower by 5.50% at Rs87.65 in line with Reliance Industrial Infra by 5.05% at Rs696, Everest Kant by 4.71% at Rs139.45, Bhel by 4.21% at Rs1578.25, Siemens by 4.14% at Rs321, Lakshmi Machine works by 4.11% at Rs643.05, BEML by 3.68% at Rs508.85, Walchand Inds by 3.98% at Rs120.60.
The most active shares on NSE are Unitech trading at Rs48.30 with a total traded quantity of 58175175 shares followed by Birla Power trading at Rs.3.30 with a total traded quantity of 44158838 shares.
JSW Steel Limited is trading down by 1.23% at Rs405. The company today reported a growth of 60% in Crude Steel production for April 2009 compared to that of corresponding month in the last fiscal year. The healthy growth in production is mainly attributable to the production from 2.8 MTPA expansion project at Vijayanagar works.
As break up of production, Crude Steel posted a growth of 60% for April 2009, as compared to the corresponding period of previous year. Further, Rolled Products: Flat reported 18% growth for the same period and Rolled Products: Long posted 78% growth.
The company has announced commercial operation from 10th April 2009 for the recently commissioned 2,8 MTPA expansion project at Vijayanagar works.
On the global markets front, the European markets are trading mixed as the FTSE 100 is trading up by (0.82%) while the DAX index is trading down by (0.97%).
The Realty, Capital Goods, Metal and Consumer Durables stocks are fronting the decline today. The broader market indices also trading extended their losses as both the BSE MidCap and the BSE Small Cap indices are trading with a cut of more than 2% each.
The BSE Sensex is now trading below the 11,700 mark and the NSE Nifty around the 3,550 mark.
The overall market breadth is negative as 802 stocks are advancing while 1599 stocks are declining in BSE.
Sun Pharma reported the top gainer from the BSE Sensex pack, as it is trading up by (0.42%) at Rs. 1,291.20 while Reliance Communication reported the top loser trading down by (5.71%) at Rs. 216.50.
BSE Sensex is at 11,677.67 down by 198.76 points and Nifty is at 3,548.80 down by 71.90 points.
The BSE Mid Cap is lower by 66.64 points at 3,703.78 and the BSE Small Cap decreased by 91.74 points to 4,185.52.
The Realty index is the worst hit as it is trading with deep cut of 132.25 points or 5.61% at 2,223.36. Puling it are Unitech trading down by 8.71% at Rs48.20 along with Orbitco by 7.63% at Rs85.30, Ansal Infra by 5.50% at Rs33.50, MahindraLife by 5.31% at Rs173.10, Omaxe Ltd by 5.25% at Rs56, DLF by 4.89% at Rs228.65, Parsvnath by 4.64% at Rs49.35, Indiabull Real by 4.40% at Rs136.80, Akruti City by 3.73% at Rs381 and Anant Raj Inds by 3.55% at Rs74.80.
The Capital Goods index is trading down by 266.04 points or 3.13% at 8,241.25. Losers from this pack are Gammon India trading lower by 5.50% at Rs87.65 in line with Reliance Industrial Infra by 5.05% at Rs696, Everest Kant by 4.71% at Rs139.45, Bhel by 4.21% at Rs1578.25, Siemens by 4.14% at Rs321, Lakshmi Machine works by 4.11% at Rs643.05, BEML by 3.68% at Rs508.85, Walchand Inds by 3.98% at Rs120.60.
The most active shares on NSE are Unitech trading at Rs48.30 with a total traded quantity of 58175175 shares followed by Birla Power trading at Rs.3.30 with a total traded quantity of 44158838 shares.
JSW Steel Limited is trading down by 1.23% at Rs405. The company today reported a growth of 60% in Crude Steel production for April 2009 compared to that of corresponding month in the last fiscal year. The healthy growth in production is mainly attributable to the production from 2.8 MTPA expansion project at Vijayanagar works.
As break up of production, Crude Steel posted a growth of 60% for April 2009, as compared to the corresponding period of previous year. Further, Rolled Products: Flat reported 18% growth for the same period and Rolled Products: Long posted 78% growth.
The company has announced commercial operation from 10th April 2009 for the recently commissioned 2,8 MTPA expansion project at Vijayanagar works.
On the global markets front, the European markets are trading mixed as the FTSE 100 is trading up by (0.82%) while the DAX index is trading down by (0.97%).
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