Tuesday, 23 December 2014

Sensex, Nifty extend losses

The market has extended losses in the mid-noon deals, on the back of sharp fall in all sectors, led by metal, capital goods, IT, consumer durables, oil & gas and power shares.

The BSE Sensex has touched a fresh intraday low at 27,489 - down 362 points from the day’s high of 27,851. The BSE benchmark index has now dropped over 150 points at 27,541.

The BSE Nifty has also slipped below 8,300, and is now down 50 points at 8,274.

The broader markets are also trading in line with the BSE benchmark index, the Mid-cap and Small-cap indices have declined over 0.5 per cent each at 10,045 and 10,891, respectively.
All sectoral indices are in red, the Metal index is the major loser - down nearly 2 per cent at 10,561. The IT, Oil & Gas, Consumer Durables and Capital Goods indices have shed a per cent each.

The Bankex, Healthcare, Realty and Power indices are the other notable losers.

The market breadth is negative in mid-noon deals. Out of 2,795 stocks traded on the BSE so far 1,766 stocks have declining, while 912 stocks are still advancing.
Among Sensex-30: Sesa Sterlite is the top loser - down almost 3 per cent to Rs. 205. Tata Power has surged 2.5 per cent at Rs. 81.95.

Tata Steel has dropped over 2 per cent at Rs. 395. Hindalco has slipped nearly 2 per cent at Rs. 153.

Coal India, ONGC, Larsen & Toubro have shed over a per cent each at Rs. 385, Rs. 352, Rs. 1,508 and Rs. 1,978, respectively.

Reliance, BHEL, Tata Motors, ICICI Bank, HDFC and Wipro have also declined around a per cent each.

On the other hand, Bharti Airtel and Bajaj Auto have spurted over 1.5 per cent each at Rs. 355 and Rs. 2,514, respectively.

NTPC and Hero MotoCorp have advanced nearly a per cent each at Rs. 140 and Rs. 3,138, respectively.

Mahindra & Mahindra has added over 0.5 per cent at Rs. 1,270.

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