Sensex drops 250 points to reach 16,590.34; IT and Bankex major losers
Mid-day Market Round-up
The Sensex opened in green and went on to fall by over 250 points on the back of intense selling pressure. At 1:20 p.m., it was at 16,590.34, down by 1.49%. The Nifty also declined by 77.15 points or 1.53% to 4979.45.
Barring Realty (0.21) and FMCG (0.11), which posted marginal gains, all sectoral indices traded in red. IT (-3.59%), Bankex (-2.77%) and Teck (-2.59%) were the largest contributors to the fall.
Gainers and losers
After yesterday’s dismal performance, DLF emerged as the top gainer on both indices, rising 5.31% on the Nifty and 4.39% on the Sensex. Hindustan Unilever (1.09%) was the only other company to gain over 1% on the 30-share index. Reliance communication (1.86%), Hindustan Unilever (1.03%), ACC (0.91%) and Hero MotoCorp (0.82%) were the other top gainers on the 50 share index.
ICICI Bank (-4.43%), Wipro (-3.56%), Hindalco (-3.55%), Jindal Steel, TCS (-3.38%), Infosys (-3.35%) and Sterlite Industries (-3.09%) dragged the Sensex down, while HCL Technologies (-5.72%), Axis Bank (-5.21%), ICICI Bank (-4.40%), Punjab National Bank (-3.92%) and Reliance Infrastructure (-3.80%) did so on the Nifty.
Midcap and Smallcap
The BSE Smallcap index plunged 1.60% or 117.65 points to 7,222.85. The BSE Midcap index was at 6,247.47, down 94.34 points or 1.49%.
The market breadth was negative overall with 677 advances compared to 1977 declines.
The Sensex opened in green and went on to fall by over 250 points on the back of intense selling pressure. At 1:20 p.m., it was at 16,590.34, down by 1.49%. The Nifty also declined by 77.15 points or 1.53% to 4979.45.
Barring Realty (0.21) and FMCG (0.11), which posted marginal gains, all sectoral indices traded in red. IT (-3.59%), Bankex (-2.77%) and Teck (-2.59%) were the largest contributors to the fall.
Gainers and losers
After yesterday’s dismal performance, DLF emerged as the top gainer on both indices, rising 5.31% on the Nifty and 4.39% on the Sensex. Hindustan Unilever (1.09%) was the only other company to gain over 1% on the 30-share index. Reliance communication (1.86%), Hindustan Unilever (1.03%), ACC (0.91%) and Hero MotoCorp (0.82%) were the other top gainers on the 50 share index.
ICICI Bank (-4.43%), Wipro (-3.56%), Hindalco (-3.55%), Jindal Steel, TCS (-3.38%), Infosys (-3.35%) and Sterlite Industries (-3.09%) dragged the Sensex down, while HCL Technologies (-5.72%), Axis Bank (-5.21%), ICICI Bank (-4.40%), Punjab National Bank (-3.92%) and Reliance Infrastructure (-3.80%) did so on the Nifty.
Midcap and Smallcap
The BSE Smallcap index plunged 1.60% or 117.65 points to 7,222.85. The BSE Midcap index was at 6,247.47, down 94.34 points or 1.49%.
The market breadth was negative overall with 677 advances compared to 1977 declines.
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