Markets reeling under pressure
The market opened with a negative gap mirroring weak global cues. Sensex fell below the 20,000-mark and Nifty moved below the 6,000-mark, witnessing heavy selling across the board.The markets continue to reel under pressure on susatined selling pressure in scrips across sectors.
At 1.10 hrs IST, the Sensex is down 435.08 points or 2.15% at 19816.01, and the Nifty down 145.85 points or 2.40% at 5928.40.
Reliance Industries fell 2.62% to Rs 3,077.India’s second largest software exporter by sales Infosys Technologies was down 0.11% to Rs 1,500.20 .ICICI Bank rose 0.12% to Rs 1,353. It came off from its highs of Rs 1,378.95.
Tata Consultancy Services (up 1.52% to Rs 952.50), Grasim Industries (up 0.87% to Rs 3,315), Bharti Airtel (up 1.13% to Rs 867), Cipla (up 0.46% to Rs 205.50) edged higher.
Reliance Communications declined 5.61% to Rs 733.90.HDFC Bank knocked off 6.45% to Rs 1,669.90.
Reliance Energy contracted 5.06% to Rs 2,244.85. The mega initial public issue of Anil Dhirubhai Ambani group's Reliance Power became the largest ever in India after over-subscription of more than 10.5 times on its opening day on Tuesday, 15 January 2008.
Capital goods stocks slipped. Larsen & Toubro (down 1.79% to Rs 3,989.50), Bharat Heavy Electricals (down 4.17% to Rs 2,314.85) and Suzlon Energy (down 3.04% to Rs 1,984) edged lower.
Realty stocks declined heavily in afternoon trade. Unitech (down 5.1% to Rs 493), Omaxe (down 7.07% to Rs 451.40) , DLF (down 3.74% to Rs 1,132), Indiabulls Real Estate (down 3.02% to Rs 718.25) edged lower.
Metal stocks extended losses in afternoon trade. Tata Steel (down 4.67% to Rs 812),Sterlite Industries (down 6.85% to Rs 919.90), Steel Authority of India (down 1.71% to Rs 238.55) and Hindalco Industries (down 4.4% to Rs 189.10) edged lower.
Power stocks declined further. Tata Power Company (down 5.45% to Rs 1,462), NTPC (down 4.74% to Rs 261) and Power Grid Corporation of India (down 3.06% to Rs 134.70) edged lower.
At 1.10 hrs IST, the Sensex is down 435.08 points or 2.15% at 19816.01, and the Nifty down 145.85 points or 2.40% at 5928.40.
Reliance Industries fell 2.62% to Rs 3,077.India’s second largest software exporter by sales Infosys Technologies was down 0.11% to Rs 1,500.20 .ICICI Bank rose 0.12% to Rs 1,353. It came off from its highs of Rs 1,378.95.
Tata Consultancy Services (up 1.52% to Rs 952.50), Grasim Industries (up 0.87% to Rs 3,315), Bharti Airtel (up 1.13% to Rs 867), Cipla (up 0.46% to Rs 205.50) edged higher.
Reliance Communications declined 5.61% to Rs 733.90.HDFC Bank knocked off 6.45% to Rs 1,669.90.
Reliance Energy contracted 5.06% to Rs 2,244.85. The mega initial public issue of Anil Dhirubhai Ambani group's Reliance Power became the largest ever in India after over-subscription of more than 10.5 times on its opening day on Tuesday, 15 January 2008.
Capital goods stocks slipped. Larsen & Toubro (down 1.79% to Rs 3,989.50), Bharat Heavy Electricals (down 4.17% to Rs 2,314.85) and Suzlon Energy (down 3.04% to Rs 1,984) edged lower.
Realty stocks declined heavily in afternoon trade. Unitech (down 5.1% to Rs 493), Omaxe (down 7.07% to Rs 451.40) , DLF (down 3.74% to Rs 1,132), Indiabulls Real Estate (down 3.02% to Rs 718.25) edged lower.
Metal stocks extended losses in afternoon trade. Tata Steel (down 4.67% to Rs 812),Sterlite Industries (down 6.85% to Rs 919.90), Steel Authority of India (down 1.71% to Rs 238.55) and Hindalco Industries (down 4.4% to Rs 189.10) edged lower.
Power stocks declined further. Tata Power Company (down 5.45% to Rs 1,462), NTPC (down 4.74% to Rs 261) and Power Grid Corporation of India (down 3.06% to Rs 134.70) edged lower.
Labels: Nifty.Sensex
posted by SY at 2:05 PM
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