Market Dives, Sensex Below 21,000
Suparna / 27 Jan 2014
The Sensex dropped 311.08 points to 20,822.48, and the Nifty slipped 94.85 points to 6,171.90 while the broader markets declined 1.7 per cent. Four shares declined for every share advancing on the BSE. BSE Auto, Bank and Metal indices crashed 2.7 per cent each followed by Capital Goods and Power with a 1.7 percent loss.
India Markets opened to a negative sentiment after tracking week global markets. As a result the Indices tanked, the Nifty down by 95 points at 6172 level and Sensex down by 312 points at 20822 levels. Both indices opened down in the range of 1.48-1.50%.
The advance-decline ratio is on the negative side in the morning session. On the NSE, 1050 shares are trading in gain and 2136 shares are down.
Top Nifty Gainers: Cairn India is the only gainer for today’s morning session up by 0.28%.
Top Nifty Losers: Ranbaxy Labs is the top loser for today’s morning session down by 7.48% followed by Tata Motors, IndusInd Bank, Jaiprakash Asso and IDFC.
On the sectorial view, all sectors were trading in red. Bankex was the top loser trading in morning session, down by 347 points, followed by Auto and Metals which were down by 339 and 245 points respectively. Mid-Caps and Small-Caps were also trading in negative bias of 144 points and 113 points.
On the global front, the Asian shares are trading on negative sentiment. The Hang Seng market is the top loser for today’s morning session down by 462 points, followed by Nikkei which is down by 367 points. The KOSPI, Shanghai Composite and the Straits Times traded on negative note too.
Buzzers: Torrent Power stock is down by 4.02% after the Company posted a week set of numbers for Q3FY14, net loss of Rs 41.84 crore (YoY).
Nifty broke all the major support which was around 6200 level. Below this level may see more down fall.
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