The Indian market slips down further as the selling pressures across the sectoral indices prevails tracking the weak cues from the global markets. Also, the expiry of the derivatives contract, which is scheduled, tomorrow also added to the negative sentiments of the investors. From the sectoral front, Consumer Durables and Realty index are facing the heavy selling pressures as they are down by more than 5% each. Followed this are Bankex down by more than 4%.
The finance ministry today said, India has considerable scope for monetary easing over the next 6 to12 months and along with this an aggressive Reserve Bank policy may be necessary if the global economic turmoil continues.
On the global market front, the European Markets are trading mixed as Dax Index is trading lower by 0.24% and FTSE 100 is up by 0.72%.
The broader markets are also trading week as the BSE Mid Cap and Small Cap are trading with losses of 85.14 points or (2.61%) and 94.47 points or (2.53%) at 3,174.65 and 3,640.48 respectively.
The overall market breadth is negative as 1735 stocks are declining while 606 stocks are advancing in BSE.
Satyam Computers reported the top loser from the BSE Sensex pack. It is trading down by (12.25%) at Rs.142.50 along with JP Associates down by 11.04% at Rs 77.75.
At 2.32 PM BSE Sensex is at 9,680.07 down by 248.28 points and NSE Nifty is at 2,974.80 down by 64.5 points.
The BSE Realty index is trading with losses of 139 points or (5.50%) at 2,348.26. Pulling it are Unitech trading lower by 8.42% at Rs41.90 along with Indiabull Real by 7.36% at Rs140.90, HDIL by 5.95% at Rs146.90, Ansal Infra by 5.92% at Rs 34.15, DLF by 5.02% at Rs299.90, Parsvnath by 4.10% at Rs48 and Penland by 3.90% at Rs23.40.
The Consumer Durables index is trading lower by 111.07 points or (5.40%) at 1,946.38. Losers are Titan Industries is trading with losses of 7.35% at Rs 936 along with Videocon Inds by 5.11% at Rs123.55, Rajesh Exports by 4.60% at Rs25.95, Blue Star by 3.10% at Rs153.10 and Gitanjali GE by 1.98% at Rs71.85.
The most active shares on NSE are Unitech trading at Rs.41.90 with a total traded quantity of 79439270 shares followed by Suzlon Energy trading at Rs.56.50 with a total traded quantity of 33100251 shares.
The finance ministry today said, India has considerable scope for monetary easing over the next 6 to12 months and along with this an aggressive Reserve Bank policy may be necessary if the global economic turmoil continues.
On the global market front, the European Markets are trading mixed as Dax Index is trading lower by 0.24% and FTSE 100 is up by 0.72%.
The broader markets are also trading week as the BSE Mid Cap and Small Cap are trading with losses of 85.14 points or (2.61%) and 94.47 points or (2.53%) at 3,174.65 and 3,640.48 respectively.
The overall market breadth is negative as 1735 stocks are declining while 606 stocks are advancing in BSE.
Satyam Computers reported the top loser from the BSE Sensex pack. It is trading down by (12.25%) at Rs.142.50 along with JP Associates down by 11.04% at Rs 77.75.
At 2.32 PM BSE Sensex is at 9,680.07 down by 248.28 points and NSE Nifty is at 2,974.80 down by 64.5 points.
The BSE Realty index is trading with losses of 139 points or (5.50%) at 2,348.26. Pulling it are Unitech trading lower by 8.42% at Rs41.90 along with Indiabull Real by 7.36% at Rs140.90, HDIL by 5.95% at Rs146.90, Ansal Infra by 5.92% at Rs 34.15, DLF by 5.02% at Rs299.90, Parsvnath by 4.10% at Rs48 and Penland by 3.90% at Rs23.40.
The Consumer Durables index is trading lower by 111.07 points or (5.40%) at 1,946.38. Losers are Titan Industries is trading with losses of 7.35% at Rs 936 along with Videocon Inds by 5.11% at Rs123.55, Rajesh Exports by 4.60% at Rs25.95, Blue Star by 3.10% at Rs153.10 and Gitanjali GE by 1.98% at Rs71.85.
The most active shares on NSE are Unitech trading at Rs.41.90 with a total traded quantity of 79439270 shares followed by Suzlon Energy trading at Rs.56.50 with a total traded quantity of 33100251 shares.
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