Monday, 9 February 2015

Sensex slips 300 points; Auto, Bankex down

The Nifty, Junior, Midcap and Smallcap indices have recovered some of the losses, but still trades with a loss of over 0.5 per cent each at 18,9722, 12,644 and 5,350, respectively. 
The BSE Sensex and the NSE Nifty continues to trade with huge losses, on the back of poor corporate earnings and selling pressure in select all sectors ahead of GDP number today.

At 10:51 AM, the S&P BSE Sensex is trading at 28,398 down 320 points, while NSE Nifty is trading at 8,572 down 89 points.

So far, the BSE headline and Nifty-50 indices have registered a low of 28,337 and 8,547, respectively.

The Nifty, Junior, Midcap and Smallcap indices have recovered some of the losses, but still trades with a loss of over 0.5 per cent each at 18,9722, 12,644 and 5,350, respectively.

All sectors are trading in red zone, the Auto and Infra indices have slipped 1.5 per cent each at 8,368 and 3,125, respectively.

The Finance index has shed 1.4 per cent at 7,583. The Bank Nifty, Realty and Metal indices are the other losers - down over a per cent each.

The breadth is bearish in morning deals - out of 1,695 so far traded on the NSE 1,021 stocks are declining, while only 392 stocks are advancing.

In the Auto space, Apollo Tyres has slumped over 15 per cent to Rs. 181 after the company reported 45 per cent drop in Q3 net profit. Ashok Leyland has cracked over 3 per cent at Rs. 59.

Amtek Auto and MRF have plunged around 3 per cent each at Rs. 153 and Rs. 37,750, respectively.

Mahindra & Mahindra and Hero MotoCorp have dropped over 2 per cent each at Rs. 1,123 and Rs 2,716, respectively.

Eicher Motors, Tata Motors, Bosch, Amaraja Batteries, Exide Industries and Maruti Suzuki have also shed over a per cent each.

On the other hand, Motherson Sumi has soared almost 3 per cent at Rs. 440. Bajaj Auto has gained nearly a per cent at Rs. 2,240 and Bharat Forge has added 0.2 per cent at Rs. 1,059 

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