Selling
pressure mounts on the Stock market. The Nifty is down 74.10 points or 0.9 percent
at 8231.15 as the 50-share index is below its 200-day moving average for the
first time in nearly 15 months. GAIL,
M&M, Tata Steel, Sun Pharma and Infosys are major laggards in the Sensex
while Maruti, ICICI Bank, Tata Motors, ITC and Coal India are top gainers.The Sensex is down 190.69 points or 0.7 percent
at 27247.25. About 432 shares have advanced, 1719 shares declined, and 123
shares are unchanged. Dr Reddy's Labs, Cipla, BHEL, Sun Pharma and SBI are
major losers in the Sensex. Among the gainers are NTPC, Vedanta, ITC, Tata
Motors and Bharti Airtel.
The Indian Stock Market continued to consolidate ahead of expiry of April derivative contracts this week. The Sensex fell 47.74 points to 27390.20 and the Nifty declined 27.55 points to 8277.70. The broader markets underperformed benchmarks with the BSE Midcap and Smallcap indices losing 1.4 percent and 2 percent, respectively. Nearly 3 shares declined for every share advancing on the Bombay Stock Exchange.
Shares of Infosys, Larsen & Toubro, SBI, Sun Pharma, Mahindra & Mahindra, Cipla, Hero Motocorp, Tata Steel and GAIL dropped 1-1.5 percent while ITC and NTPC gained more than 1 percent. The market extended losses, falling below its March low, dragged by banking & financials (except ICICI Bank), healthcare and capital goods stocks. The Sensex plunged 134.84 points to 27303.10 and the Nifty fell 54.65 points to 8250.60.
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The Indian Stock Market continued to consolidate ahead of expiry of April derivative contracts this week. The Sensex fell 47.74 points to 27390.20 and the Nifty declined 27.55 points to 8277.70. The broader markets underperformed benchmarks with the BSE Midcap and Smallcap indices losing 1.4 percent and 2 percent, respectively. Nearly 3 shares declined for every share advancing on the Bombay Stock Exchange.
Shares of Infosys, Larsen & Toubro, SBI, Sun Pharma, Mahindra & Mahindra, Cipla, Hero Motocorp, Tata Steel and GAIL dropped 1-1.5 percent while ITC and NTPC gained more than 1 percent. The market extended losses, falling below its March low, dragged by banking & financials (except ICICI Bank), healthcare and capital goods stocks. The Sensex plunged 134.84 points to 27303.10 and the Nifty fell 54.65 points to 8250.60.
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