The Indian markets spiralled downwards, extending losses for the sixth straight session, triggered by fears that political leaders are failing to tackle debt crises in Europe and the United States. The Sensex fell over 500 points at the start, while Nifty was trading below 5000 level since 2010. The Midcap and Smallcap indices too fell over 2% in line with the Sensex.
The advance to decline ration was extremely weak, with 88% shares falling, 10% rising and 2% remained unchanged.
IT, Metal, TECk and Realty were among the major losers, declining more than 3%.
All the Sensex shares were trading down except ONGC rose by 0.88%. Wipro slipped by 4.95%, TCS down by 4.91% and Tata Steel dipped by 4.67%. Rest fell between 0.67-4.40%
At 9.35 am, the Sensex was trading at 16580, 409 points lower and the Nifty was trading at 4995, down by 122 points.
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