The markets are under pressure today as investors decided to booked profits after a sharp upward rally in the recent times. However the positive European markets failed to lift the sentiments. The Banking, Metal, IT, Realty and Power stocks are witnessing the selling heat today. The broader market indices also trading lower as both the BSE MidCap and the BSE Small Cap indices are trading with a loss of around 1% each.
The BSE Sensex is now trading below the 11,900 mark and the NSE Nifty around the 3,600 mark.
The overall market breadth is negative as 1022 stocks are advancing while 1394 stocks are declining in BSE.
HUL reported the top gainer from the BSE Sensex pack, as it is trading up by (0.87%) at Rs. 232.65 while Sterlite Industries reported the top loser trading down by (7.24%) at Rs. 480.
BSE Sensex is at 11,848.63 down by 268.31 points and Nifty is at 3,609.40 down by 74.50 points.
The BSE Mid Cap is lower by 25.41 points at 3,751.53 and the BSE Small Cap decreased by 4.17 points to 4,259.43.
The Bankex index is trading with deep cut of 198.66 points or 3.20% at 6,007.80. Losers from this pack are ICICI bank trading lower by 4.78% at Rs522.85 along with Yes bank by 4.05% at Rs80.45, Allahabad bank by 3.65% at Rs55.40, IDBI bank by 3.58% at Rs64.70, Axis bank by 3.46% at Rs602.95, Canara Bank by 3.30% at Rs224.15, Kotak bank by 2.79% at Rs428.20, Oriental bank by 2.13% at Rs128.40, BOB by 2.06% at Rs321.60.
The Metal index is trading with a negative gap of 240.10 points or 2.94% at 7,914.98. Leading from the losers pack are Sterlite Industries trading down by 6.45% at Rs484.10 followed by Jindal Steel by 4.37% at Rs1602, Hind Zinc by 4.11% at Rs582, Hindalco Inds by 3.77% at Rs67.55, Tata Steel by 2.24% at Rs287.75 and Jindal Saw by 1.21% at Rs262.
The most active shares on NSE are Ispat Inds trading at Rs16.10 with a total traded quantity of 51670173 shares followed by Unitech trading at Rs.53.90 with a total traded quantity of 33250365 shares.
Sun Pharmaceutical Industries is trading lower by 0.65% at Rs1280.25. The company announced that USFDA has granted its subsidiary a tentative approval for Abbreviated New Drug Application (ANDA) for generic Uroxatral Extended Release tablets.
These alfuzosin hydrochloride 10 mg tablets are therapeutically equipment to Uroxatral Extended Release tablets from sanofi-aventis. Alfuzosin hydrochloride tablets have annual sales of approximately USD 180 million in the US. Alfuzosin is an alpha 1 blocker for the treatment of the signs and symptoms of BPH.
On the global markets front, the European markets are trading higher as the FTSE 100 and the DAX index are trading up by (0.94%) and (1.67%) respectively.
The BSE Sensex is now trading below the 11,900 mark and the NSE Nifty around the 3,600 mark.
The overall market breadth is negative as 1022 stocks are advancing while 1394 stocks are declining in BSE.
HUL reported the top gainer from the BSE Sensex pack, as it is trading up by (0.87%) at Rs. 232.65 while Sterlite Industries reported the top loser trading down by (7.24%) at Rs. 480.
BSE Sensex is at 11,848.63 down by 268.31 points and Nifty is at 3,609.40 down by 74.50 points.
The BSE Mid Cap is lower by 25.41 points at 3,751.53 and the BSE Small Cap decreased by 4.17 points to 4,259.43.
The Bankex index is trading with deep cut of 198.66 points or 3.20% at 6,007.80. Losers from this pack are ICICI bank trading lower by 4.78% at Rs522.85 along with Yes bank by 4.05% at Rs80.45, Allahabad bank by 3.65% at Rs55.40, IDBI bank by 3.58% at Rs64.70, Axis bank by 3.46% at Rs602.95, Canara Bank by 3.30% at Rs224.15, Kotak bank by 2.79% at Rs428.20, Oriental bank by 2.13% at Rs128.40, BOB by 2.06% at Rs321.60.
The Metal index is trading with a negative gap of 240.10 points or 2.94% at 7,914.98. Leading from the losers pack are Sterlite Industries trading down by 6.45% at Rs484.10 followed by Jindal Steel by 4.37% at Rs1602, Hind Zinc by 4.11% at Rs582, Hindalco Inds by 3.77% at Rs67.55, Tata Steel by 2.24% at Rs287.75 and Jindal Saw by 1.21% at Rs262.
The most active shares on NSE are Ispat Inds trading at Rs16.10 with a total traded quantity of 51670173 shares followed by Unitech trading at Rs.53.90 with a total traded quantity of 33250365 shares.
Sun Pharmaceutical Industries is trading lower by 0.65% at Rs1280.25. The company announced that USFDA has granted its subsidiary a tentative approval for Abbreviated New Drug Application (ANDA) for generic Uroxatral Extended Release tablets.
These alfuzosin hydrochloride 10 mg tablets are therapeutically equipment to Uroxatral Extended Release tablets from sanofi-aventis. Alfuzosin hydrochloride tablets have annual sales of approximately USD 180 million in the US. Alfuzosin is an alpha 1 blocker for the treatment of the signs and symptoms of BPH.
On the global markets front, the European markets are trading higher as the FTSE 100 and the DAX index are trading up by (0.94%) and (1.67%) respectively.
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