Volatility index shoots up by nearly 6 percent; breadth too extremely negative.
The market has extended losses on the back of unabated selling pressure in auto, metal and IT shares. Select banking and pharma stocks have managed to bounce back following the recent correction.
The Sensex has plunged 298 points to 28,144, and the Nifty has shed 83 points to 8,522.
The India VIX (Volatility) index has surged nearly 6 percent to 15.90.
The broader market has also weakened in noon deals. The CNX Midcap index has plunged 1.4 percent to 13,077, and the Smallcap index has slipped nearly a percent to 5,821.
The breadth too is extremely negative - out of 1,720 stocks traded on the NSE, 1,026 have declined and 426 have advanced so far.
The CNX FMCG index has shed 2.3 percent to 20,790. The Auto and IT indices have dropped around 1.5 percent each to 8,439 and 11,615, respectively. The Bank Nifty and Pharma indices are up 0.3 percent each at 18,399 and 12,855, respectively.
NMDC has slumped 4.5 percent to Rs. 128. Hero MotoCorp and Reliance have tumbled around 3.5 percent each to Rs. 2,318 and Rs. 895, respectively.
Hindustan Unilever shed 3 percent at Rs. 910. Infosys, Mahindra & Mahindra, Coal India, IndusInd Bank, ITC, Zee Entertainment, Asian Paints, Cipla, NTPC, Idea Cellular, ONGC, Tech Mahindra and HDFC are the other major losers.
On the positive front, ACC and Ambuja Cements are the major gainers – up 2 percent each at Rs. 1,551 and Rs. 252, respectively.
ICICI Bank, Bank of Baroda, BPCL, Lupin, Tata Steel and Sun Pharma are the other prominent gainers
The Sensex has plunged 298 points to 28,144, and the Nifty has shed 83 points to 8,522.
The India VIX (Volatility) index has surged nearly 6 percent to 15.90.
The broader market has also weakened in noon deals. The CNX Midcap index has plunged 1.4 percent to 13,077, and the Smallcap index has slipped nearly a percent to 5,821.
The breadth too is extremely negative - out of 1,720 stocks traded on the NSE, 1,026 have declined and 426 have advanced so far.
The CNX FMCG index has shed 2.3 percent to 20,790. The Auto and IT indices have dropped around 1.5 percent each to 8,439 and 11,615, respectively. The Bank Nifty and Pharma indices are up 0.3 percent each at 18,399 and 12,855, respectively.
NMDC has slumped 4.5 percent to Rs. 128. Hero MotoCorp and Reliance have tumbled around 3.5 percent each to Rs. 2,318 and Rs. 895, respectively.
Hindustan Unilever shed 3 percent at Rs. 910. Infosys, Mahindra & Mahindra, Coal India, IndusInd Bank, ITC, Zee Entertainment, Asian Paints, Cipla, NTPC, Idea Cellular, ONGC, Tech Mahindra and HDFC are the other major losers.
On the positive front, ACC and Ambuja Cements are the major gainers – up 2 percent each at Rs. 1,551 and Rs. 252, respectively.
ICICI Bank, Bank of Baroda, BPCL, Lupin, Tata Steel and Sun Pharma are the other prominent gainers
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