MUMBAI: Selling intensified in frontline stocks as wary traders were reluctant to take long positions in a directionless market. Auto, capital goods and oil&gas stocks were the worst hit while metal space showed some strength.
Decline in inflation failed to lift market sentiment. Inflation for the week ended January 24 fell to 5.07 against 5.64% a week ago
At 1 pm, Bombay Stock Exchange's Sensex was at 9070.55, down 131.30 points or 1.43%. The index touched an intra-day low of 9069.64 and high of 9247.09.
National Stock Exchange's Nifty was at 2766.30, down 1.31% or 36.75 points. The broader index touched a low of 2764.75 and high of 2816.80.
Broader markets remained lacklustre. BSE Midcap Index was down 0.51% and BSE Smallcap Index slipped 0.57%.
Amongst sectoral indices, BSE Auto Index was down 2.16%, BSE Realty Index fell 1.92% and BSE IT Index tripped 1.74%. BSE Metal Index bucked the trend and was up 0.49%.
Sterlite Industries (-7.52%), Mahindra & Mahindra (-5.07%), Maruti Suzuki (-4.83%), DLF (-4.19%) and TCS (-2.98%) were the top Sensex losers.
Tata Steel (2.04%) and Grasim Industries (0.16%) were the only gainers.
Asian markets had turned red and European markets were also expected to open lower.
http://economictimes.indiatimes.com
Decline in inflation failed to lift market sentiment. Inflation for the week ended January 24 fell to 5.07 against 5.64% a week ago
At 1 pm, Bombay Stock Exchange's Sensex was at 9070.55, down 131.30 points or 1.43%. The index touched an intra-day low of 9069.64 and high of 9247.09.
National Stock Exchange's Nifty was at 2766.30, down 1.31% or 36.75 points. The broader index touched a low of 2764.75 and high of 2816.80.
Broader markets remained lacklustre. BSE Midcap Index was down 0.51% and BSE Smallcap Index slipped 0.57%.
Amongst sectoral indices, BSE Auto Index was down 2.16%, BSE Realty Index fell 1.92% and BSE IT Index tripped 1.74%. BSE Metal Index bucked the trend and was up 0.49%.
Sterlite Industries (-7.52%), Mahindra & Mahindra (-5.07%), Maruti Suzuki (-4.83%), DLF (-4.19%) and TCS (-2.98%) were the top Sensex losers.
Tata Steel (2.04%) and Grasim Industries (0.16%) were the only gainers.
Asian markets had turned red and European markets were also expected to open lower.
http://economictimes.indiatimes.com
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