Monday 9 March 2015

Sensex stuck at lower levels; Healthcare smiles

All sectoral indices are trading in red, except, the BSE healthcare index up 0.5 per cent at 17,074. 

Bombay-Stock-Exchange-BuildingThe market are witnessing heavy losses, on the back of sharp fall in index heavy-weights like banks, power, realty and IT.

At 10:46 AM, the S&P BSE Sensex is trading at 29,095 down 354 points, while NSE Nifty is trading at 8,824 down 114 points.

The broader market are under-performing the BSE benchmark index, the Midcap and Smallcap indices are down over 0.5 per cent each at 10,962 and 11,397, respectively.

All sectoral indices are trading in red, except, the BSE healthcare index up 0.5 per cent at 17,074.

The Bankex continues to trade lower by 2 per cent at 21,157. The IT, Power, Realty and Capital Goods indices are the other significant losers.

The breadth is extremely negative in morning trade - out of 2,152 stocks traded on the BSE so far 1,311 stocks have declined, while 745 stocks have advanced.

Among Sensex-50 stocks - Sesa Sterlite has plunged over 3.5 per cent at Rs. 202. Gail India and Axis Bank have slipped over 3 per cent each at Rs. 391 and Rs. 598, respectively.

Tata Power, ICICI Bank, Hindalco, NTPC, HDFC and Infosys are the other prominent losers.

On the other hand, Hindustan Unilever and Dr Reddy's have jumped over 1.5 per cent each at Rs. 955 and Rs. 3,494, respectively.

Coal India has also spurted almost a per cent at Rs. 367 

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