The markets have knocked down and are trading sharply lower as technology, realty, banking, capital goods, metal, and auto stocks witnessing selling pressure. Midcap and small cap stocks are also trading lower. Market breadth is negative; 235:869. On the global front, Asian markets are still trading in red.
At 10:20 am, the Sensex was down 212 points at 17,122 and the Nifty down 56 points at 5,078. Midcap and small Indices were down over 0.75%.
Infosys, Wipro, Satyam and Unitech were top losers while top gainers - Reliance Comm, ACC, Ambuja Cements, Tata Comm, Tata Steel and Idea Cellular.
Aishwarya Telecom, Cairn India, Bharti Airtel, Reliance Industries and Infosys were most active shares on the bourses.
Market breadh is negative, about 1055 shares have advanced, 1825 shares declined, and 206 shares are unchanged.
Technology stocks have underperformed the markets, BSE IT Index slipped over 2.9%. Realty and Bankex were down over 1.9%.
FMCG, Capital Goods and Power indices fell over 1.5%. Oil & Gas, Metal, Healthcare and Auto also slipped over 0.5%.
The Indian rupee has been depreciating as against US dollar, currently trading at 41.67 per dollar
No comments:
Post a Comment