Thursday, 16 April 2015

Market slips further

The Volatility index has jumped over 4 percent. CNX IT and CNX Realty indices are top losers. 

Stock Market Down
The market has extended losses on the back of continued selling in select sectors.

The BSE Sensex so far has tumbled over 250 points from the day's high of 28,876 to a low of 28,623. Currently, the BSE index is down 150 points at 28,649.

Similarly, the NSE Nifty has slipped to a low of 8,684 and is now down 51 points at 8,700.

The Volatility Index - India VIX has jumped 4.6 percent at 15.2875.

Barring CNX Energy and CNX Auto, all the Sectoral indices are trading on a negative note.

The CNX IT and the CNX Realty indices have dropped 1.6 percent each. The CNX PSU Bank and the CNX Pharma indices have shed 1.3 percent each.

Among Nifty-50 stocks, Punjab National Bank has slipped nearly 3 percent at Rs. 162. Bank of Baroda and Lupin have dropped 2.7 percent each at Rs. 174 and Rs. 1,900, respectively.

Wipro has shed 2.4 percent at Rs. 592. Infosys and Kotak Bank have declined 2 percent each at Rs. 2,170 and Rs. 1,416, respectively.

On the other hand, Cairn India has jumped 3.3 percent at Rs. 235 on the back of yesterday's sharp rally of almost 6 percent in global crude oil prices.

ONGC has surged 2.2 percent at Rs. 324. Bharti Airtel has added over 1.5 percent at Rs. 422 on the media reports that merger of its retail business with Future Retail. 

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