Sensex Drops 400 Points, Nifty Below 5900
Suparna / 23 Sep 2013
The indices continue to make lows in mid-session. The Nifty is currently down by 127 points at 5885 and Sensex is 392 points lower at 19870.
The Indian markets saw a deep dive after the morning session. The indices continue to make lows in mid-session. The Nifty is currently down by 127 points at 5885 and Sensex is 392 points lower at 19870. The indices are trading lower between 1.80%-2.20%.
The advance-decline ratio is on the negative side. On the NSE, 1403 shares are in the green and 1909 shares are in red.
Top 5 Nifty Gainers: HCL Tech is leading the gainers list so far, up by 2.02%. Sesa Goa, Ranbaxy Labs, Hero MotoCorp and Infosys are also in gains.
Top 5 Nifty Losers: DLF has dipped by 6.9%, followed by Bank of Baroda, PNB, Axis Bank and SBIN.
On the sectoral front, Bankex is the top loser, moving down by 537 points. Capital Goods and Oil & Gas are also trading on the lower side, down by 223 points and 199 points respectively. FMCG and Auto have both lost over 100 points. Mid-Caps and Small-Caps also dipped 65 points and 33 points respectively.
The Asian markets are trading on a mixed note. Hang Seng is down by 130 points, while the Taiwan Weighted and KOSPI are trading in positives.
Buzzer: DLF has also lost more than 6% since the morning trading session. This scrip has heavy numbers on the selling side and has come below the technical level of Rs 145. If it closes below this level, it may see more pain.
Nifty Futures has broken all its intraday support level. If it closes below the 5880 level, it may see another gap-down opening.
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