Sensex Below 19k, Bankex Crashes Over 3.5%
Suparna / 06 Aug 2013
The Indian markets have been seeing a continuous fall since the morning session. There is no short covering taking place in the current scenario. The Nifty has lost 108 points to trade at 5577 and Sensex is down 333 points at 18850.
The Indian markets have been seeing a continuous fall since the morning session. There is no short covering taking place in the current scenario. The Nifty has lost 108 points to trade at 5577 and Sensex is down 333 points at 18850. The indices are trading lower between 1.82%-1.92%.
The advance-decline ratio is on the negative side. On the NSE, 1085 shares are in the green and 2192 shares are in red.
Top 5 Nifty Gainers: Ambuja Cements is leading the gainers list so far, up by 3.2%. Power Grid, Hero MotoCorp, Maruti Suzuki and Mahindra & Mahindra are also trading higher.
Top 5 Nifty Losers: Tata Power is down by 7.2%, followed by IndusInd Bank, BPCL, Asian Paints and UltraTech Cement.
All the sectoral indices have moved into the red zone. Bankex was the top loser, down by 387 points, Consumer Durables was down 354 points and Metals have dipped 235 points. Mid-Caps and Small-Caps have also lost 125 points and 79 points respectively.
In the Asian markets, Nikkei is the top gainer, up by 143 points. On the other side, Hang Seng is down by 298 points. Straits Times and Taiwan are trading on a negative note.
Buzzer: Crompton Greaves announced a 30% fall in its Q1 consolidated net profit. The stock turned volatile after the results declaration, made a low of Rs 75.20 and is currently trading at Rs 82.10.
The INR futures made a new low of Rs 62.11 in today’s session. If it sustains above Rs 62, it may touch Rs 62.50 in the closing session.
As we mentioned in our previous update, the Nifty futures have fallen below the 5655 level.
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