Weakness across global markets has triggered a correction
in the domestic indices in early trades. Markets across
Asia are trading weak after the US indices saw one of
their worst falls in recent months yesterday.
opened at 13691 and slipped more than 100 points to touch
a low of 13589. The index is trading lower by 93 points
at 13681 at 11.10 AM.
opened at 3966 and saw a low of 3912. The index is now
trading lower by 25 points at 3944.
stocks have come under pressure following the sharp decline
in the NASDAQ yesterday. Wipro is the worst performer
among index stocks, down more than 2.5 per cent
has lost well over 2 per cent and Infosys is down more
than 1.5 per cent. TCS and HCL Tech have lost close to
1.5 per cent each
marketing stocks remain under pressure as crude oil prices
have gained further. HPCL is down nearly 2 per cent while
BPCL has lost 1.5 per cent
banks, PNB has lost over 1.5 per cent while ICICI Bank
has slipped close to 1.5 per cent
Power has slipped close to 1.5 per cent after gaining
losing 14 per cent in three sessions, Siemens has made
a recovery and is up nearly 2 per cent. BHEL has added
close to 0.5 per cent
stocks are continuing the rally from yesterday. Grasim
has added close to a per cent while Gujarat Ambuja and
ACC are trading around 0.5 per cent each higher
Pharma is another major gainer, trading more than 1.5
per cent higher
is continuing it's up trend from yesterday and has added
close to 0.5 per cent
Honda, Gail and ONGC are the other gainers.
and small caps are also under pressure in early trades
but losses are not as much as in the large caps. Most
of the prominent mid-caps are seeing profit booking while
select stocks continue to do very well.
NSE mid-cap index is now trading with losses of over 0.5
per cent. BSE mid-cap has lost close to 0.4 per cent and
the small-cap index is trading with marginal losses of
over 0.05 per cent. Market breadth on the NSE is negative
in early trades with nearly 2 stocks declining for every
Power got re-listed today after the reorganisation of
various group companies. The stock opened at Rs45 per
share on the NSE and is trading at Rs69.5 now
Polymers, Amar Remedies, Indo-Tech Transformers, Vimta
Labs, Godfrey Phillips, Infomedia India, Sadbhav Engineering
and Honda Power are among the major mid-cap gainers.
Sugar, Ruchi Infrastructure, GKW, SPL Industries, Shringar,
Oil Country Tubular, Mangalam Drugs and Pidilite are the
major mid-cap losers.