Market Bleeds, Bankex Crashes Over 3.5%
Suparna / 27 Jan 2014
After witnessing a down fall in the morning session the Indian markets failed to pick-up in the mid-session too. Nifty is trading at 6153 level and the Sensex is down by 374 points at 20754.
The Indian markets have been bearing in mind a continuous fall since the morning session. There is no short covering taking place in the current scenario. The Nifty has lost 112 points to trade at 6153 and Sensex is down 374 points at 20754. The indices are trading lower between 1.82%-1.90%.
The advance-decline ratio is on the negative side. On the NSE, 948 shares are in the green and 2244 shares are in red.
Top 5 Nifty Gainers: HCL Tech is leading the gainers list so far, up by 0.93%. Wipro, Cipla, ITC and UltraTech Cement are also trading higher.
Top 5 Nifty Losers: Jaiprakash Asso is down by 8.03%, followed by Ranbaxy Labs, DLF, Tata Steel and IDFC.
All the sectoral indices have moved into the red zone. Bankex was the top loser, down by 445 points, Metal was down 332 points and Auto has dipped 328 points. Mid-Caps and Small-Caps have also lost 181 points and 136 points respectively.
Asian markets continue to trade week. Hang Seng is down by 473 points. Nikkei is down by 385 points. On the other side, Straits Times and Taiwan are also trading on a negative note.
Buzzer: Auto Stocks are trading down. Tata Motors (down 4.4%), Maruti Suzuki (down 3.44%), Ashok Leyland (down 2.64%), M&M (down 2.16%), Hero MotoCorp (down 0.52%), Bajaj Auto (down 1.62%).
As we mentioned in our previous update, the Nifty futures have fallen below the 6200 level.
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