Tuesday 26 May 2015

Market drifts lower

The BSE Midcap and Smallcap indices are also down 0.2-0.3 percent each at 10,587 and 11,150, respectively. The Metal index is marginally up at 9,702. 

After trading on a subdued note for the major part of the trading session, the market has now drifted lower on the back of fresh fall in shares like - oil & gas, FMCG, pharma, realty, power, capital goods.

The key benchmark indices touched a fresh intra-day low at 27,481 and 8,322, respectively.

Now, the BSE Sensex has dropped 149 points at 27,495 and the NSE Nifty has declined 45 points at 8,326.

In the broader market, the BSE Midcap and Smallcap indices are also down 0.2-0.3 percent each at 10,587 and 11,150, respectively.

Among sectors, the BSE Oil & Gas and FMCG indices have shed nearly a percent each at 9,425 and 7,669, respectively. The Healthcare, Realty, Power, Auto and Consumer Durables indices are the other notable losers.

The Metal index is marginally up at 9,702.

The breadth has turned negative - out of 2,626 stocks traded on the BSE so far 1,482 stocks have advanced, while 1,034 stocks have declined.

Tata Motors and ONGC are the top Sensex losers - down over 1.5 percent each at Rs. 496 and Rs. 324, respectively.

NTPC, ITC, HDFC and Dr.Reddy's are the other losers - down over a percent each.

On the other hand, Gail India has surged almost 2 percent at Rs. 393, ahead of results.

Coal India, Hero MotoCorp and Maruti Suzuki are the other prominent gainers.

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