The market today opens sharply lower on the back of negative cues from the global markets. The heavy selling pressure witnessed across the board in the opening trade. The most selling is seen in the IT, Realty and Banking stocks. The Mid Cap and Small Cap stocks are also trading lower in the opening trade. The BSE Sensex is hovering around the 17,100 mark and the NSE Nifty is around the 5,000 mark.
The overall market breadth is extremely negative as 553 stocks are advancing whereas 1345 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was down by 236.38 points at 17,102.93 and the Nifty was down by 58.75 points to 5,076.25.
The BSE Mid Cap decreased by 72.20 points to 7,129.36 and the BSE Small Cap dropped by 81.51 points to 8,645.66.
Reliance Communication reported the top gainer from the BSE Sensex pack. It is trading with a gain of 1.20% at Rs.546.75 while Infosys Technologies reported the top loser down by 3.50% at Rs.1,787.90.
BSE IT index dropped by 110.58 points to trade at 4,302.72. The major losers are Infosys Technologies, Satyam Computers, Wipro and TCS fell by (3.50%), (3.01%), (2.67%) and (2.11%) to Rs.1,787.90, Rs.474.50, Rs.485 and Rs.946.35 respectively.
BSE Bank slipped by 118.56 points to trade at 8,898.35. The top losers are ICICI Bank declined by (2.33%) to Rs.897.55, HDFC Bank decreased by (2.18%) at Rs.1,508.35 followed by PNB and SBI down by (1.29%) and (1.11%) to Rs.532.50 and Rs.1,748.80.
Infosys Technologies is trading lower by (3.05%) at Rs.1,787.90. The company’s BPO arm is aiming to make Gurgaon the hub for its KPO business. The company is setting up a large centre for ‘knowledge services. It will be operational by the end of the current financial year.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment