The market loses further momentum soon after the break for sun outage due to heavy selling pressures across the counters. Also the rising of inflation to 5.02% in the week ended February 2008 adds to the negative sentiments in the market. The inflation grew to nine months high due to rise in prices of fruits, vegetables and oil seeds.
At 1.31PM, the BSE Sensex is trading lower by 708 points at 15,834 and NSE Nifty is trading down by 207.25 points at 4,714.15.
Leading the rally of losers from the NSE Nifty are Unitech trading down by (11.18%) at Rs278 along with Reliance Energy by (10.9%) at Rs1300, ICICI bank by (10.42%) at Rs860, Bajaj Auto by (9.66%) at Rs1926, Siemens by (8.53%) at Rs665, Hindalco by (8.17%) at Rs191, Tata Power by (7.51%) at Rs1108 and Ranbaxy Labs by (7.9%) at Rs420.
The Auto index is trading lower by 298.61 points at 4,551.25. Pushing it are Bajaj Auto trading down by (10.01%) at Rs1915.05 along with M&M by (5.97%) at Rs654.95, Maruti Suzuki by (5.86%) at Rs885.10, TVS Motors by (5.81%) at Rs39.70, Tata Motors by (5.64%) at Rs663, Escorts by (3.45%) at Rs98.05, Bharat Forge by (3.44%) at Rs268 and Amtek auto by (3.06%) at Rs274.
The Power index is trading down by 257.05 points at 3,084.05 as Reliance Power is trading lower by 11.84% at Rs331.70 in line with Reliance Energy by 11.06% at Rs1298, GMR Infra by 10.04% at Rs140.65, Areva by 8.28% at Rs1706, CESC by 7.40% at Rs439.05 and ABB by 5.88% at Rs1050.10.
TCS is trading lower by (2.4%) at Rs854 as the company has announced a partnership for joint R&D activities with Nokia Siemens Networks (NSN) through partial transfer of tasks at NSN''s Development Centre in Dusseldorf as well as the transfer of 90 employees to TCS.
At 1.31PM, the BSE Sensex is trading lower by 708 points at 15,834 and NSE Nifty is trading down by 207.25 points at 4,714.15.
Leading the rally of losers from the NSE Nifty are Unitech trading down by (11.18%) at Rs278 along with Reliance Energy by (10.9%) at Rs1300, ICICI bank by (10.42%) at Rs860, Bajaj Auto by (9.66%) at Rs1926, Siemens by (8.53%) at Rs665, Hindalco by (8.17%) at Rs191, Tata Power by (7.51%) at Rs1108 and Ranbaxy Labs by (7.9%) at Rs420.
The Auto index is trading lower by 298.61 points at 4,551.25. Pushing it are Bajaj Auto trading down by (10.01%) at Rs1915.05 along with M&M by (5.97%) at Rs654.95, Maruti Suzuki by (5.86%) at Rs885.10, TVS Motors by (5.81%) at Rs39.70, Tata Motors by (5.64%) at Rs663, Escorts by (3.45%) at Rs98.05, Bharat Forge by (3.44%) at Rs268 and Amtek auto by (3.06%) at Rs274.
The Power index is trading down by 257.05 points at 3,084.05 as Reliance Power is trading lower by 11.84% at Rs331.70 in line with Reliance Energy by 11.06% at Rs1298, GMR Infra by 10.04% at Rs140.65, Areva by 8.28% at Rs1706, CESC by 7.40% at Rs439.05 and ABB by 5.88% at Rs1050.10.
TCS is trading lower by (2.4%) at Rs854 as the company has announced a partnership for joint R&D activities with Nokia Siemens Networks (NSN) through partial transfer of tasks at NSN''s Development Centre in Dusseldorf as well as the transfer of 90 employees to TCS.
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