After a gap down opening, the benchmark indices are continuously trading with weak sentiments on the back of losses in Asian and US stock markets. Selling pressure has emerged across the board with frontline stocks leading the laggards list. On a stock specific move, Religare Enterprises is trading higher by 1.89% after it submitted a non-indicative bid to buy the Asian private banking assets of Dutch insurance and banking major ING Bank. During the last hours’ dull session, selling interest emerged across Realty, Metal and Auto counters. Among BSE sectoral indices, Realty, Metal and Auto dipped by 3.4%, 3.10% and 2.76% respectively. Overall market breadth is negative as out of total 2,165 stocks traded in the BSE, 1,303 stocks declined, 805 stocks advanced while 57 remain unchanged.
At 11.30 AM, the BSE Sensex is down by 326.62 points at 15,085.01 while NSE Nifty declined by 101.15 points at 4,478.9. Besides, the BSE Mid Cap and Small Cap are trading lower by 64.14 points and 18.38 points at 5,539.67 and 6,394.18 respectively.
Losers from the BSE Sensex Pack are Hero Honda Motors declined by (5.65%) to Rs. 1,394.7, along with Jaiprakash Associate by (3.95%) to Rs. 207.85, Mahindra and Mahindra Ltd by (3.66%) to Rs. 759.85, Sterlite Industries by (3.40%) at Rs. 639.8, DLF Ltd by (3.28%) at Rs. 382.05, and ICICI Bank by (3.26%) at Rs. 719.90.
Losers from the NSE Nifty Pack are Hero Honda Motors decreased by (5.44%) at Rs. 1,397.7, along with Unitech Ltd by (4.68%) at Rs. 88.6, Jindal Steel and power by (4.02%) at Rs. 2,994.65, Reliance Capital Ltd by (3.93%) at Rs. 822.2, Mahindra and Mahindra Ltd by (3.65%) at Rs. 761.25 and Hindalco Industries by (3.60%) at Rs. 104.45.
BSE Realty is trading lower by (3.40%) or 134.92 points at 3,828.14. The top losers in the index are Orbit corp declined by (5%) to Rs. 179.65 along with Phoenix Mill by (4.79%) to Rs. 136.15, Unitech Ltd by (4.63%) to 88.55, Parsvnath Dev by (4.05%) to Rs. 114.9, followed by Indiabul Real by (3.53%) to Rs. 228.2.
BSE Metal is trading lower by (3.10%) or 393.73 points at 12,327.11. The top losers are Jindal Steel dipped by (4.14%) at Rs. 2,990.35 along with Gujarat NRE by (3.94%) at Rs. 52.40, Hindalco Industries by (3.65%) at Rs. 104.25, Sterlite Industries by (3.40%) to Rs. 639.8 followed by Tata Steel by (3.14%) at Rs. 455.
At 11.30 AM, the BSE Sensex is down by 326.62 points at 15,085.01 while NSE Nifty declined by 101.15 points at 4,478.9. Besides, the BSE Mid Cap and Small Cap are trading lower by 64.14 points and 18.38 points at 5,539.67 and 6,394.18 respectively.
Losers from the BSE Sensex Pack are Hero Honda Motors declined by (5.65%) to Rs. 1,394.7, along with Jaiprakash Associate by (3.95%) to Rs. 207.85, Mahindra and Mahindra Ltd by (3.66%) to Rs. 759.85, Sterlite Industries by (3.40%) at Rs. 639.8, DLF Ltd by (3.28%) at Rs. 382.05, and ICICI Bank by (3.26%) at Rs. 719.90.
Losers from the NSE Nifty Pack are Hero Honda Motors decreased by (5.44%) at Rs. 1,397.7, along with Unitech Ltd by (4.68%) at Rs. 88.6, Jindal Steel and power by (4.02%) at Rs. 2,994.65, Reliance Capital Ltd by (3.93%) at Rs. 822.2, Mahindra and Mahindra Ltd by (3.65%) at Rs. 761.25 and Hindalco Industries by (3.60%) at Rs. 104.45.
BSE Realty is trading lower by (3.40%) or 134.92 points at 3,828.14. The top losers in the index are Orbit corp declined by (5%) to Rs. 179.65 along with Phoenix Mill by (4.79%) to Rs. 136.15, Unitech Ltd by (4.63%) to 88.55, Parsvnath Dev by (4.05%) to Rs. 114.9, followed by Indiabul Real by (3.53%) to Rs. 228.2.
BSE Metal is trading lower by (3.10%) or 393.73 points at 12,327.11. The top losers are Jindal Steel dipped by (4.14%) at Rs. 2,990.35 along with Gujarat NRE by (3.94%) at Rs. 52.40, Hindalco Industries by (3.65%) at Rs. 104.25, Sterlite Industries by (3.40%) to Rs. 639.8 followed by Tata Steel by (3.14%) at Rs. 455.
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