Due to sustained selling pressure, Tata Motors, ONGC, Satyam Computer Services and BHEL have slipped sharply from their previous closing prices today. While Tata Motors is down with a loss of 2.8%, the other three stocks have lost 2.35%, 2.25% and 2.1% respectively.
DLF is down nearly 2% at Rs 861.65. Wipro, Tata Consultancy Services, ITC, Grasim Industries, Reliance Industries, Ambuja Cements and State Bank of India trade lower by 1% - 1.75%. Infosys Technologies has lost 0.95%. HDFC, Maruti Suzuki and Larsen & Toubro have also declined sharply. HDFC Bank and Bharti Airtel are down by around a quarter per cent while ACC, the other loser in the Sensex, is down marginally from its previous closing price.
The Sensex is down with a big loss of 175.52 points or 0.97% at 17,939.73 at present. At 5236.70, the Nifty is 1.25% or 66.20 points behind its previous closing mark.
Reliance Energy (1.45%), ICICI Bank (1.25%) and Mahindra & Mahindra (1.25%) have come off their higher levels due to profit taking. Hindustan Unilever, Tata Steel, Reliance Communications, Hindalco, Bajaj Auto and Ranbaxy Laboratories have also shed most of their gains now. Cipla and NTPC are up with small gains.
Alstom Projects, CESC, HCL Infosys, Jindal Stainless, Sterlite Industries, HCL Technologies, Suzlon Energy, Idea Cellular, JSW Steel, MphasiS, Indian Hotels, Tata Communications (VSNL), Pidilite Industries, Finolex Cables, HTMT Global and Rolta India are among the prominent losers at present.
Though the indices have come down sharply, the market breadth remains fairly positive thanks to some strong buying in mid and smallcap stocks.
Out of 2632 stocks seen in action on BSE, 1650 stocks are up in the positive territory. 936 stocks have posted losses and 46 stocks trade flat.
Source :sify.com
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