Monday 20 April 2015

Nifty below 8,600 levels

The BSE Midcap and Smallcap indices have also shed a percent each at 10,660 and 11,502, respectively. 

The market as extended losses in the morning deals, owing to feeble US markets and as selling pressure continues in select index heavy-weights.

The BSE Sensex tumbled to a fresh in intra-day low at 28,254, led by auto, realty, IT, FMCG, metal and capital goods shares.

The BSE benchmark index has now slipped 168 points at 28,274.

The NSE Nifty ha slipped below 8,600-mark to hit a low of 8,547. The Nifty index is now down 50 point at 8,551.

The broader markets witnessing heavy selling pressure, the BSE Midcap and Smallcap indices have shed a percent each at 10,660 and 11,502, respectively.

Among sectors, the BSE IT index has dropped almost 2 percent at 10,939. The Auto and Realty indices have shed 1.4 percent each at 18,844 and 1,681, respectively.

The FMCG, Capital Goods and Metal indices are the other notable losers.

On the other hand, the Consumer Durables index has spurted over a percent at 10,846 and the Bankex has added 0.2 percent at 21,137.

The breadth is negative in morning deals - out of 2,201 stocks traded on the BSE so far 1,297 stocks have declined, while 816 stocks have advanced.

In the Sensex space - Infosys is the top loser, down 2.5 percent at Rs. 2,126. Tata Motors, Mahindra & Mahindra, Coal India, Hindustan Unilever and Hero MotoCorp are the other significant losers.

On the other hand, ICICI Bank has spurted 1.4 percent at Rs. 314. Tata Steel has gained 1.3 percent at Rs. 350.

Gail India and NTPC have also added 0.5 percent each at Rs. 390 and Rs. 158, respectively 

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