The broader indices too were following the trend; the BSE Midcap Index was down 1% and Smallcap down 0.7%.
On the sectoral front, the BSE Metal and IT indices fell 2% each. Capital Goods, Bank and Power indices were down 1-1.5%.
Leading largecaps like TCS, Infosys, HDFC, L&T, Bharti, SBI, NTPC, Tata Steel, ICICI Bank and HDFC Bank dropped 1-2.5%. Reliance Industries, BHEL and Wipro declined over 0.5%.
However, ONGC, Sun Pharma and Tata Motors bucked the trend; these stocks lost 2-2.5%.
Smallcaps like Sahara One, Carol Info, Kirloskar Brothers, Unisys Software and Thomas Cook gained 5-10% while Modern India plunged 16%. Himatsingka Seide, C & C Construction, Lovable Lingerie, DCM Shriram and fell 6-8%.
Sensex falls further amid choppy trade; banks, tech down
The BSE benchmark Sensex slipped more than 50 points and the Nifty fell way below the 4900 level amid choppy trade. Even the market breadth turned in favour of declines; about two shares declined for every one share gained. The 30-share BSE Sensex was trading at 16,208, down 76 points and the 50-share NSE Nifty fell 28 points to 4,860 led by fall in 38 stocks.
Technology, banking, power, capital goods, telecom and Anil Dhirubhai Ambani Group stocks and select metal stocks were witnessing selling presure. Heavyweight Reliance Industries too was on sellers' radar; the stock declined 0.7%.
However, ONGC, Sun Pharma, Bajaj Auto, Tata Motors and Tata Power were top gainers; these stocks gained 1-2%. HUL, Dr Reddy's Labs and DLF too gained.
In the midcap space, Standard Chartered, Simplex Infra, GMDC, Emami and ABG Shipyard were up 1.5-4% while KGN Industries, Sterlite Tech, Educomp Solutions, Aban Offshore and IVRCL slipped 4-5%.
Even some Asian markets saw some profit booking at higher levels. Kospi, which rose 1.5%, was trading 0.5% higher. Even Nikkei slipped from day's high. Taiwan extended loss; it lost 0.9%.
No comments:
Post a Comment