The markets lost further grounds and are now trading near the day’s low as selling pressure continued. Further the negative opening of the European markets also turned down the sentiments. The selling pressure is seen among the Realty, Metal, Banking and Consumer Durables stocks.
However, IT stocks are witnessing some buying interest today. The second line stocks remained out of favor today as the BSE Mid Cap is now trading with a cut of more than 3% and the BSE Small with a cut of more than 4%.
The BSE Sensex is now trading below the 14,900 mark and the NSE Nifty below the 4,500 mark.
The overall market breadth is negative as 693 stocks are advancing while 2063 stocks are declining in BSE.
Infosys Technologies reported the top gainer from the BSE Sensex pack, as it is trading up by (2.63%) at Rs. 1,735 while Tata Steel reported the top loser trading down by (6.77%) at Rs. 432.50.
The BSE Sensex is trading down by 301.38 points or (2%) at 14,802.17 and the NSE Nifty is trading lower by 110.60 points or (2.41%) at 4,476.30.
The BSE Mid Cap decreased by 188.82 points or (3.49%) to 5,220.96 and the BSE Small Cap fell by 274.63 points or (4.25%) to 6,184.02.
The Realty index is trading with deep cut of 262.68 points or 6.52% at 3,767.06. Losers from this pack are Mahindra Life trading down by 9.05% at Rs305 along with Omaxe by 8.98% at Rs110.45, Unitech by 8.33% at Rs89.65, Indiabull Real by 7.56% at Rs214, Sobha Dev by 4.99% at Rs230.60, Ansal Infra by 4.94% at Rs65.40 and Phoenix Mill by 4.44% at Rs128.
The Metal index is trading lower by 505.67 points or 4.32% at 11,189.83. Pulling it down are Tata Steel by 6.91% at Rs431.85 along with Ispat Inds trading down by 6.69% at Rs25.10, JSW Steel by 6.55% at Rs546.45, Sail by 6.29% at Rs164.75, Jai Corp by 4.99% at Rs332.35, Gujarat NRE Coke by 4.95% at Rs56.65 and Sterlite Inds by 4.02% at Rs645.15.
The most active shares on NSE are Unitech trading at Rs 88 with a total traded quantity of 71445644 shares followed by Suzlon Energy trading at Rs.124.90 with a total traded quantity of 63274299 shares.
Jaiprakash Associates Limited is trading lower by 5.60% at Rs218.35. The company has announced the following Audited results for the year ended March 31, 2009. The Company has posted a net profit of Rs 8970.10 million for the year ended March 31, 2009 where as the same was at Rs 6096.70 million for the year ended March 31, 2008. Total Income is Rs 61479.30 million for the year ended March 31, 2009 where as the same was at Rs 42612.00 million for the year ended March 31, 2008.
Indiabulls Real Estate Limited is trading down by 7.65% at Rs213.80. The company has announced the following Audited results for the year ended March 31, 2009.
The Company has posted a net profit after extraordinary items of Rs 165.616 million for the year ended March 31, 2009 as compared to Rs 4677.091 million for the year ended March 31, 2008.
Total Income has decreased from Rs 6488.779 million for the year ended March 31, 2008 to Rs 1397.630 million for the year ended March 31, 2009.
On the global markets front, the European markets are trading lower as the FTSE 100, DAX and CAC 40 index are trading down by (1.2%), (1.67%) and (1.55%) respectively.
However, IT stocks are witnessing some buying interest today. The second line stocks remained out of favor today as the BSE Mid Cap is now trading with a cut of more than 3% and the BSE Small with a cut of more than 4%.
The BSE Sensex is now trading below the 14,900 mark and the NSE Nifty below the 4,500 mark.
The overall market breadth is negative as 693 stocks are advancing while 2063 stocks are declining in BSE.
Infosys Technologies reported the top gainer from the BSE Sensex pack, as it is trading up by (2.63%) at Rs. 1,735 while Tata Steel reported the top loser trading down by (6.77%) at Rs. 432.50.
The BSE Sensex is trading down by 301.38 points or (2%) at 14,802.17 and the NSE Nifty is trading lower by 110.60 points or (2.41%) at 4,476.30.
The BSE Mid Cap decreased by 188.82 points or (3.49%) to 5,220.96 and the BSE Small Cap fell by 274.63 points or (4.25%) to 6,184.02.
The Realty index is trading with deep cut of 262.68 points or 6.52% at 3,767.06. Losers from this pack are Mahindra Life trading down by 9.05% at Rs305 along with Omaxe by 8.98% at Rs110.45, Unitech by 8.33% at Rs89.65, Indiabull Real by 7.56% at Rs214, Sobha Dev by 4.99% at Rs230.60, Ansal Infra by 4.94% at Rs65.40 and Phoenix Mill by 4.44% at Rs128.
The Metal index is trading lower by 505.67 points or 4.32% at 11,189.83. Pulling it down are Tata Steel by 6.91% at Rs431.85 along with Ispat Inds trading down by 6.69% at Rs25.10, JSW Steel by 6.55% at Rs546.45, Sail by 6.29% at Rs164.75, Jai Corp by 4.99% at Rs332.35, Gujarat NRE Coke by 4.95% at Rs56.65 and Sterlite Inds by 4.02% at Rs645.15.
The most active shares on NSE are Unitech trading at Rs 88 with a total traded quantity of 71445644 shares followed by Suzlon Energy trading at Rs.124.90 with a total traded quantity of 63274299 shares.
Jaiprakash Associates Limited is trading lower by 5.60% at Rs218.35. The company has announced the following Audited results for the year ended March 31, 2009. The Company has posted a net profit of Rs 8970.10 million for the year ended March 31, 2009 where as the same was at Rs 6096.70 million for the year ended March 31, 2008. Total Income is Rs 61479.30 million for the year ended March 31, 2009 where as the same was at Rs 42612.00 million for the year ended March 31, 2008.
Indiabulls Real Estate Limited is trading down by 7.65% at Rs213.80. The company has announced the following Audited results for the year ended March 31, 2009.
The Company has posted a net profit after extraordinary items of Rs 165.616 million for the year ended March 31, 2009 as compared to Rs 4677.091 million for the year ended March 31, 2008.
Total Income has decreased from Rs 6488.779 million for the year ended March 31, 2008 to Rs 1397.630 million for the year ended March 31, 2009.
On the global markets front, the European markets are trading lower as the FTSE 100, DAX and CAC 40 index are trading down by (1.2%), (1.67%) and (1.55%) respectively.
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