Tuesday 16 December 2014

Sensex, Nifty down 1.3%

The market continues to trade lower tracking the negative cues from the European market.

Elsewhere in Europe, the DAX has plunged 2.7 per cent. The CAC40 has cracked 2.5 per cent. The FTSE has slumped 1.9 per cent.

Back to home, the Sensex continues to trade below its psychological level of 27,000.

As on 1335 hrs, the Sensex has slumped 368 points at 26,951. The Nifty has plunged 110 points at 8,109.

The market breadth is extremely negative - out of 1,732 stocks have traded on the BSE - 1,334 stocks have declined, while 187 stocks have advanced.

The India VIX (Volatility) index has jumped over 11 per cent to 15.585.

Dr Reddy's has nose-dived deeper into red and is now down over 6 per cent at Rs. 3,148. Sesa Sterlite has slumped 5.7 per cent at Rs. 198. Hindalco has cracked 5.3 per cent at Rs. 145. Tata Power has tumbled 4 per cent at Rs. 80.50.

Ambuja Cement has slipped around 4 per cent at Rs. 220. NTPC, Jindal Steel and ICICI Bank have dropped over 3.2 per cent each.

On the other hand, HCL Tech has jumped around 5 per cent at Rs. 1,558. TCS and Tech Mahindra have added over 3 per cent each.

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