are continuing their losing trend for the fourth straight
session this week, even as the Parliament began its budget
session today. Traders are edgy ahead of the inflation
numbers, expected by noon, as also the more important
budget announcements next week.
other Asian markets are firm in morning trades.
opened at 14071 before slumping to a low of 13827. The
index is trading lower by 167 points at 13854 at 11.10
opened at 4046 and saw a high of 4065 before cracking
down. The index is now trading lower by 40 points at 4000.
stocks are once again the biggest losers among index stocks.
ICICI Bank has slumped 3 per cent while OBC is down more
than 2.5 per cent. SBI and PNB have lost close to 2.5
per cent each.
is continuing the decline with losses of over 3 per cent.
has lost close to 2.5 per cent despite hopes of an excise
duty cut on passenger cars in the budget.
is the worst performer, among engineering stocks, with
losses of nearly 3 per cent.
Entertainment is continuing the down trend from yesterday,
and has lost another 3 per cent.
is showing no signs of a recovery and has lost another
2.5 per cent.
is the big loser among cement stocks, with losses of nearly
2.5 per cent.
Industries has added well over a per cent and is helping
the indices considerably. Gail India is continuing the
up trend from yesterday and has added 2.5 per cent while
IPCL has gained 0.5 per cent.
has recovered from yesterday's decline with gains of over
0.5 per cent.
steel stocks, Tata Steel and SAIL have added close to
0.5 per cent each.
tech stocks, Infosys and HCL Tech are trading with gains
of close to 0.5 per cent each.
and Bajaj Auto are trading with modest gains.
and small caps have also slumped after a modestly positive
start. The NSE mid-cap index is now trading with losses
of close to 1.7 per cent. BSE mid-cap index has lost 2.1
per cent and the BSE small-cap index has crashed 2.7 per
cent. Market breadth on the NSE is very negative in early
Finance Corporation, the infrastructure lending company,
got listed today. Issued at Rs85 per share, the stock
opened at Rs113 on the NSE and touched a high of Rs119.4.
The stock is now trading at Rs106 per share.
GMDC, House of Pearl Fashions, Carol Info, BAG Films,
SSI and Madhucon Projects are the other major mid-cap
of the recent listings are under heavy pressure today.
Cambridge Technologies has lost over 12 per cent while
Redington is down more than 10 per cent. Autoline Industries
and AI Champdany are locked in 10 per cent down circuits.
Alps Industries, Crew BOS and KEI Industries are also
locked in 10 per cent down circuits.
Motor Parts and Soma Textiles are among the major mid-cap