Friday, 24 April 2015

Market at day's low

The CNX Smallcap index has plunged nearly 2 percent at 5,607, while the CNX Midcap index has dropped nearly 1 percent at 12,779. 

The market has extended losses on the back of intense selling pressure in realty, metal and banking shares.

The BSE Sensex so far has plunged to a low of 27,517 and is now down 205 points at 27,529. Similarly, the NSE Nifty is now trading at day's low of 8,326 - down 72 points.

HDFC, Larsen & Toubro, Axis Bank and Infosys are the major draggers today, which collectively have accounted for a decline of 147 points for the BSE Sensex and 36 points for the NSE Nifty.

The broader market is also trading on a weak note. The CNX Smallcap index has plunged nearly 2 percent at 5,607, while the CNX Midcap index has dropped nearly 1 percent at 12,779. The Nifty Junior has also slipped 1 percent at 19,258.

The Volatility index - India VIX - has jumped 4.9 percent at 19.4075.

Barring CNX FMCG index, all the Sectoral indices are trading on a negative note.

The CNX Realty index is the top loser - down 2.8 percent. The CNX Metal index has plunged 1.7 percent. The Bank Nifty has tumbled 1.4 percent. The CNX Auto and the CNX Infra indices have dropped over 1 percent each.

The market breadth is also negative in the late morning deals. Out of 1,711 stocks have traded on the NSE - 1,164 stocks have declined, while 256 stocks have advanced. 

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