Due to
sustained selling in several stocks from across various sectors, the market,
which plunged sharply around noon, continues to languish deep down in the red
in afternoon trade.
Amid
renewed concerns about the outlook for the U.S. Federal Reserves monetary
stimulus plan, Asian markets mostly ended lower today. The mood in European
markets is negative too, and worries about near term growth following RBI's
recent repo rate hike appear to be adding to the woes back home.
The Sensex, which tumbled to 19,658.74, losing over 260 points
in the process, is currently at 19,716.90, down 203.31 points or 1.02% from its
previous close. The Nifty is down 62.90 points or 1.07% at 5829.55, off the day's low of
5811.10.
Bank, oil
and FMCG stocks are among the most prominent losers. Realty stocks are also
mostly trading notably lower. Information technology, automobile and consumer
durables stocks are weak as well.
Metal, PSU, capital goods and
pharma stocks are trading mixed, while power stocks are somewhat steady. After
moving sideways for much of the session till an hour past noon, midcap and
smallcap stocks are decling on selling pressure now.
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