The stock markets continued their downward momentum and are now trading near the day’s low as strong selling pressure continued across the board. Further the negative European markets also turned the sentiments. The BSE Sensex has slipped below the 15000 mark and the NSE Nifty below the 4450 mark in the afternoon trade. The Realty, Metal, Auto, Banking and Oil & Gas stocks stocks continued o remain under pressure. The broader market indices are also witnessing the selling heat as the BSE Mid Cap is now trading with a cut of more than 2% and the BSE small Cap indices with a loss of more than 1%.
The overall market breadth is negative as 788 stocks are advancing while 1722 stocks are declining in BSE.
There were no gainers from the BSE Sensex pack in the afternoon trade. However, DLF reported the top loser from the BSE Sensex pack, as it is trading down by (6.96%) at Rs.367.50 followed by Tata Steel trading down by (5.61%) at Rs. 443.40.
At 2.31PM the BSE Sensex is trading lower by 496.01 points at 14,915.62 and the NSE Nifty is trading lower by 155.75 points at 4,424.30.
The BSE Mid Cap decreased by 155.39 points to 5,448.42 and the BSE Small Cap fell by 120.78 points to 6,291.78.
The Realty index is trading with deep cut of 257.12 points or 6.49% at 3,705.94. Losers from this pack are Phoenix Mill trading lower by 9.09% at Rs. 130 followed by HDIL by 7.77% at Rs.272.40, DLF by 7.01% at Rs. 367.30, Parsvnath by 6.35% at Rs. 112.15, Indiabull Real by 6.24% at Rs. 221.80, Unitech by 6.03% at Rs. 87.25, Orbitco by 5% at Rs. 179.65, Sobha Dev by 4.70% at Rs. 207 and Anant Raj In by 3.71% at Rs. 132.30.
The Metal index is trading with losses of 604.60 points or 4.75% at 12,116.24. The main losers are JSW Steel trading down by 5.91% at Rs. 692 along with Tata Steel by 5.89% at Rs. 442.10, Sterlite Inds by 5.46% at Rs. 626.20, Hindalco Inds by 5.08% at Rs. 102.70, Jindal Steel by 5.05% at Rs. 2,962, Ispat Inds by 4.62% at Rs. 21.70 and Jai Corp by 4.36% at Rs. 209.40.
The most active shares on NSE are Suzlon Energy trading at Rs. 86.75 with a total traded quantity of 46912527 shares followed by Unitech trading at Rs. 86.20 with a total traded quantity of 34007008 shares.
Krypton Industries Ltd is trading lower by 2.28% at Rs. 32.20. The company has informed that the Board of Directors of the Company at its meeting held on August 14, 2009 took a decision to raise an Amount not exceeding Rs 11 Crore by issue of shares on right basis at such price as may be decided later by board.
LIC Housing Finance is trading down by 2.23% at Rs. 602. With effect from August 1, LIC Housing Finance cut interest rates for new loans by 0.5% where for customers opting for floating rate loans between Rs 30 lakh and Rs 75 lakh, the new rates will be 8.755 against 9.25%
On the global markets front, the European markets are now trading lower as the FTSE 100, DAX and CAC 40 index are trading down by (1.48%), (1.70%) and (2.17%) respectively.
The overall market breadth is negative as 788 stocks are advancing while 1722 stocks are declining in BSE.
There were no gainers from the BSE Sensex pack in the afternoon trade. However, DLF reported the top loser from the BSE Sensex pack, as it is trading down by (6.96%) at Rs.367.50 followed by Tata Steel trading down by (5.61%) at Rs. 443.40.
At 2.31PM the BSE Sensex is trading lower by 496.01 points at 14,915.62 and the NSE Nifty is trading lower by 155.75 points at 4,424.30.
The BSE Mid Cap decreased by 155.39 points to 5,448.42 and the BSE Small Cap fell by 120.78 points to 6,291.78.
The Realty index is trading with deep cut of 257.12 points or 6.49% at 3,705.94. Losers from this pack are Phoenix Mill trading lower by 9.09% at Rs. 130 followed by HDIL by 7.77% at Rs.272.40, DLF by 7.01% at Rs. 367.30, Parsvnath by 6.35% at Rs. 112.15, Indiabull Real by 6.24% at Rs. 221.80, Unitech by 6.03% at Rs. 87.25, Orbitco by 5% at Rs. 179.65, Sobha Dev by 4.70% at Rs. 207 and Anant Raj In by 3.71% at Rs. 132.30.
The Metal index is trading with losses of 604.60 points or 4.75% at 12,116.24. The main losers are JSW Steel trading down by 5.91% at Rs. 692 along with Tata Steel by 5.89% at Rs. 442.10, Sterlite Inds by 5.46% at Rs. 626.20, Hindalco Inds by 5.08% at Rs. 102.70, Jindal Steel by 5.05% at Rs. 2,962, Ispat Inds by 4.62% at Rs. 21.70 and Jai Corp by 4.36% at Rs. 209.40.
The most active shares on NSE are Suzlon Energy trading at Rs. 86.75 with a total traded quantity of 46912527 shares followed by Unitech trading at Rs. 86.20 with a total traded quantity of 34007008 shares.
Krypton Industries Ltd is trading lower by 2.28% at Rs. 32.20. The company has informed that the Board of Directors of the Company at its meeting held on August 14, 2009 took a decision to raise an Amount not exceeding Rs 11 Crore by issue of shares on right basis at such price as may be decided later by board.
LIC Housing Finance is trading down by 2.23% at Rs. 602. With effect from August 1, LIC Housing Finance cut interest rates for new loans by 0.5% where for customers opting for floating rate loans between Rs 30 lakh and Rs 75 lakh, the new rates will be 8.755 against 9.25%
On the global markets front, the European markets are now trading lower as the FTSE 100, DAX and CAC 40 index are trading down by (1.48%), (1.70%) and (2.17%) respectively.
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