Sensex crashes by over 550 points

The BSE Mid-cap Index is trading down 2.48% at 10,468, whereas BSE Small-cap Index is trading down 2.49% at 10,468.Some buying activity is seen in IT and teck sectors, while banking, capital goods, consumer durable, pharma, oli&gas and metal sectors are showing weakness on BSE.

The indices which were briefly in positive zone are back in the red following weakness in pharma sector among others. Slowing down from six month high level clocked in last month, India’s manufacturing business condition continued to stage expansion, but at a slower pace. This was mainly on account of softening pace of new orders. The Nikkei Manufacturing Purchasing Managers’ Index (PMI), compiled by Markit, slowed down to 52.3 in August from July’s 52.7. The 50-mark demarcates contraction from expansion.

At 2:14 PM, the S&P BSE Sensex is trading at 25,725 down 558 points, while NSE Nifty is trading at 7,797 down 175 points.

The BSE Mid-cap Index is trading down 2.48% at 10,468, whereas BSE Small-cap Index is trading down 2.49% at 10,468.

Some buying activity is seen in IT and teck sectors, while banking, capital goods, consumer durable, pharma, oli&gas  and metal sectors are showing weakness on BSE.

TCS, Infosys, Tech Mahindra, Cairn India, Sun Pharma and Bajaj-Auto are among the gainers, whereas PNB, Yes Bank, Idea Cellular, Asian Paint, Axis Bank and IndusInd  Bank are losing sheen on BSE.

The top gainers in the telecom space were Himachal Futuris (up -2.3%), Bharti Airtel Ltd  (up -2.5%), Tata Communication (up -3.1%), Mahanagar Tele (up -3.2%) and Shyam Telecom (up -3.9%)

The top losers in the telecom space were Gemini Comm Ltd (down 9.8%), Idea Cellular (down 4.7%), Tata Teleservice (down 4.3%), Reliance Com Ltd (down 4.3%) and Shyam Telecom (down 3.9%)

The top gainers in the Capital Goods space were Skf India Ltd (up 2.1%), Thermax Ltd (up 0%), Greaves Cotton (up -0.3%), Ingersoll Rand (up -0.4%) and Kirloskar Brothe (up -0.4%)

The top losers in the Capital Goods space were Gammon India Ltd (down 6.9%), Alstom T&D India (down 4.2%), Jyoti Structures (down 3.5%), Crompton Greaves (down 3.5%) and Bharat Electron (down 3%)

The top gainers in the IT sector were Tata Consultancy (up 1.4%), Infosys Ltd (up 1.1%), Tech Mahindra Lt (up 0.8%), Mphasis Ltd (up -0.4%) and Wipro Ltd (up -0.9%)

The top losers in the IT sector were Financial Techno (down 1.5%), Sasken Communica (down 1.3%), Hcl Tech Ltd (down 1.2%), Oracle Financial (down 1%) and Wipro Ltd (down 0.9%),

The top gainers in the Pharma space were Dishman Pharmace (up 2.7%), Torrent Pharma (up 0.7%), Sun Pharma Indu (up 0.7%), Natco Pharma Ltd (up 0.3%) and Ipca Labs Ltd (up 0.2%)

The top losers in the Pharma were Wockhardt Ltd (down 2.6%), Glenmark Pharma (down 2.5%), Lupin Ltd (down 2.5%), Emami Limited (down 2.3%) and Cipla Ltd (down 2.2%),


The top gainers in the Nifty were Tata Consultancy (up 1.4%), Infosys Ltd (up 1.4%), Sun Pharma Indu (up 0.7%), Oil & Natural Ga (up 0.6%) and Bajaj Auto Ltd (up 0.3%)
The top losers in the Nifty were Jaiprakash Assoc (down 6.2%), Punjab Natl Bank (down 6%), Bank of Baroda (down 5.8%), Kotak Mahindra (down 4.7%) and Axis Bank Ltd (down 4.7%),

The top gainers in the Mid-Cap index were United Breweries (up 5.9%), Upl Ltd (up 3.4%), Container Corp (up 2.7%), Bharti Infratel (up 2.5%) and Glaxosmithkline (up 2.1%)

The top losers in the Mid-Cap index were Idbi Bank Ltd (down 6.7%), Karnataka Bank (down 6.6%), Oriental Bank Of (down 6.1%), Motherson Sumi (down 5.8%) and Bank Of India (down 5.7%),

The top gainers in the Sensex were Tata Consultancy (up 1.4%), Infosys Ltd (up 1.1%), Oil & Natural Ga (up 0.5%), Ntpc Ltd (up 0.3%) and Ambuja Cements (up -0.1%)

The top losers in the Sensex were Dlf Ltd (down 3.9%), Reliance Capital (down 3.3%), Reliance Power (down 3.1%), Hindalco Ind (down 3.1%) and Housing Development Finance (down 3%),

The top gainers in the banking space were Indian Overseas Bank (up -1.7%), Icici Bank Ltd (up -2%), Hdfc Bank Ltd (up -2.4%), Allahabad Bank (up -2.6%) and State Bank Of India Ltd (up -2.8%)

The top losers in the banking space were Karnataka Bank Ltd (down 6.5%), Oriental Bank Of Commerce (down 6.4%), Punjab National Bank Ltd (down 5.9%), Bank Of India (down 5.9%) and Bank Of Baroda (down 5.8%),

The top gainers in the were Hubtown Ltd (down 0.9%), Omaxe Ltd (down 0.9%), Mahindra Lifespa (down 1.5%), Parsvnath Devel (down 2.2%) and Sobha Developers (down 2.3%)

The top losers in the were Anant Raj Indus (down 5.9%), Ansal Props & In (down 5.3%), Peninsula Land (down 3.6%), Unitech Ltd (down 3.3%) and Housing Developm (down 2.9%),

The top gainers in the oil & gas space were Essar Oil Ltd (up 9.2%), Shiv-Vani Oil & (up 1.7%), Indian Oil Corp (up 0.6%), Oil & Natural Ga (up 0.5%) and Cairn India (up 0.2%)

The top losers in the oil & gas space were Mangalore Refine (down 6.5%), Jindal Drilling (down 5.1%), Great Offshore L (down 3.4%), Gujarat State Petronet (down 2.9%) and Hindustan Oil (down 2.5%),

The top gainers in the auto space were Bajaj Auto Ltd (up 0.3%), Hero Honda Motor (up -0.8%), Tata Motors Ltd (up -1.1%), Eicher Motors (up -1.2%) and Maruti Suzuki In (up -1.3%)

The top losers in the auto space were Swaraj Mazda Ltd (down 2.4%), Mahindra & Mahindra (down 2%), Ashok Leyland (down 1.5%), Maruti Suzuki In (down 1.3%) and Eicher Motors (down 1.2%)