The
Intraday market has recovered a good portion of lost ground this afternoon, but
the mood remains bearish due to renewed worries about the outlook for global
economy after Japan and China came out with some disappointing reports. Traders
Investors are also indulging in some profit taking, cashing in recent strong
gains.
The Sensex is down 213.50 points or 0.82% at 25,506.08, more than 200 points off the day's low of 25,287.50. The Nifty, which declined to 7678.50, is currently down 79.50 points or 1.02% at 7379.10. BHEL, Tata Motors, Bajaj Auto, ITC and Hero Moto are top gainers while Hindalco, SBI, HDFC, ONGC and NTPC are major laggards in the Sensex.
HDFC was the biggest contributor to Sensex's fall, down nearly 3 percent followed by Infosys, HDFC Bank, SBI, Reliance Industries, Lupin, ONGC, Axis Bank and HUL with 1-2 percent loss. The losses on the benchmark indices were led by intense selling observed in banking stocks such as ICICI Bank, HDFC Bank and SBI. HDFC and Infosys too contributed to the downtrend.
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The Sensex is down 213.50 points or 0.82% at 25,506.08, more than 200 points off the day's low of 25,287.50. The Nifty, which declined to 7678.50, is currently down 79.50 points or 1.02% at 7379.10. BHEL, Tata Motors, Bajaj Auto, ITC and Hero Moto are top gainers while Hindalco, SBI, HDFC, ONGC and NTPC are major laggards in the Sensex.
HDFC was the biggest contributor to Sensex's fall, down nearly 3 percent followed by Infosys, HDFC Bank, SBI, Reliance Industries, Lupin, ONGC, Axis Bank and HUL with 1-2 percent loss. The losses on the benchmark indices were led by intense selling observed in banking stocks such as ICICI Bank, HDFC Bank and SBI. HDFC and Infosys too contributed to the downtrend.
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