Tuesday 2 June 2015

Sensex crashes 600 points

The broader market is also witnessed heavy selling pressure, the BSE Midcap and Smallcap indices have declined nearly 2 percent each at 10,527 and 11,094, respectively. 

Business-risk-concept
The key benchmark indices, the BSE Sensex and the NSE Nifty have extended losses, on the back weakness across all sectors after RBI policy.

Weakness is clearly evident in shares like - realty, bank, FMCG, auto, IT, power and metal.

Now, the BSE Sensex is trading at the lowest level of the day - with a drop of almost 2 percent (603 points) at 27,246.

The NSE Nifty has slipped below 8,300-mark, and is now down 181 points at 8,253.

The broader market is also witnessed heavy selling pressure, the BSE Midcap and Smallcap indices have declined nearly 2 percent each at 10,527 and 11,094, respectively.

Among sectors, the BSE Realty index is top loser - down 3 percent at 1,511. Closely followed by, the Bankex down almost 2 percent at 20,760.

The FMCG index has dropped 2.4 percent at 7,736. The Auto index has shed almost 2 percent at 18,653.

The IT, Metal, Power, Capital Goods and Consumer Durables indices are the other notable losers.

The breadth is bearish in the mid-noon deals - out of 2,644 stocks traded on the BSE so far 1,810 stocks have declined, while 732 stocks have advanced.

There is no gainer in Realty space - Prestige Estates has cracked 7.3 percent to Rs. 260. Indiabulls Real Estate has plunged over 5 percent at Rs. 56.

DLF has slipped 4 percent at Rs. 113. HDIL has tumbled over 3.5 percent at Rs. 105. Sobha has dropped over 2 percent at Rs. 420.

Godrej Properties, Unitech, NBCC and Anant Raj are the other significant losers. 

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