Markets have extended losses in the late non deals on the back of widespread selling pressure visible across the board. The Sensex is down 245 points at 17,506 levels and the 50-share Nifty is down 80 points at 5,304 levels.

The Asian markets closed in the red. The Nikkei slipped 16 points to close at 9,707 levels, Hang Seng slipped 292 points to shut shop at 21,387 levels. Taiwan and Shanghai also closed marginally lower.

The European markets havve also opened lower adding to the worries in the Indian markets. The CAC was down 13 points at 3,439, DAX shed 14 points at 6,842 and the FTSE was trading marginally higher at 5,877 levels.

Back home, DLF, Mahindra & Mahindra, BHEL, ICICI Bank, NTPC, Larsen & Toubro, Jindal Steel, Tata Steel, Wipro, Bajaj Auto, SBI, Reliance Industries, HDXFC Bank, ONGC and Gail India are among the top losers, down 1-6.5% each.

On the other hand, Maruti Suzuki, Coal India, Tata Power, Sun Pharma and HDFC are among the notable gainers.

All the sectoral indices are in the red. Realty, capital goods, banking and metal stocks are amongst the worst hit in trades today. The BSE Realty index has shed 4.2% or 82 points at 1,873 levels. HDIL, Prestige Estates, DB Realty, Oberoi Realty, Unitech, Anant Raj Industries and Sobha Developers are the prominent losers from this space.

Capital Goods index has also shed 2.6%. Alstom Projects, Suzlon Energy, Punj Lloyd, havells India, Siemens and Lakshmi Machine Works are among the top losers.

Bankex, Metal, Auto, Power, Consumer Durables, Oil & Gas, IT and FMCG indices are also down 0.8-2% each.

Shares of fertilizers companies have log limelight in otherwise weak market in noon trades on reports that the government has approved fixing nutrient-based subsidy (NBS) rates for fertilizers.

United Phosphorus has plunged 8% to Rs 143 after the company said that it is expected revenue growth in the range of about 25 to 30% over last year due to delay in start of season in major markets.

The broader markets are also in the red. The BSE mid-cap index is down 71 points at 6,315 and the small-cap index is down 54 points at 6,806 levels.

The overall breadth remains negative as 1,698 stocks are declining while 1,017 are advancing.

Source: Business Standard

Similar Posts:

• Sensex extends losses post 5% fall in Shanghai
• Markets subdued ahead of RBI policy review
• Nifty closes with significant losses
• IT, metal stocks drag markets
• Markets extend gains led by financial shares