Following a strong round of selling in a host of blue chip stocks, the benchmark indices Sensex and Nifty have shed most of their gains now.
Global meltdown and stock market
The Sensex, which had spurted to 10,070.28 earlier this afternoon, has now slipped to 9952.67 and is up by just around half a per cent or 49.21 points.
Stockometer
The Nifty has eased to 3042.70 from a high of 3079.85, trimming down its gain to 0.3% or 9.25 points.
Top gainers
Satyam Computer Services (down 2.7%), Bharti Airtel (down 2.2%), Tata Power (down 1.3%), Grasim Industries (down 1.3%) and Hindustan Unilever (down 1.05%) have declined sharply on selling pressure.
Worst losers
Wipro, Infosys Technologies, ONGC, Maruti Suzuki and Jaiprakash Associates have also tumbled to lower levels. ACC, which had surged to Rs 503, has slipped to Rs 494.45 now, netting a loss of 0.3%.
NDTV, REI Agro, Balrampur Chini, Suzlon Energy, Zee Entertainment, Ultratech Cement, Ambuja Cements, Indian Bank, Bajaj Hindustan, India Bulls Real Estate, Phoenix Mills, Triveni Engineering, Hero Honda, NMDC, Essar Oil, Piramal Healthcare and Rolta India are down in the red with sharp losses. Most of these stocks were up in the positive territory with sharp gains till a little past mid afternoon.
Tata Motors, Hindalco, DLF, Reliance Industries, Reliance Infrastructure, HDFC, Mahindra & Mahindra, Reliance Communications and ICICI Bank hold on in the positive territory with sharp gains. State Bank of India and ITC are also up with strong gains.
However, BHEL, NTPC, Tata Steel, HDFC Bank, Larsen & Toubro, Tata Consultancy Services and Ranbaxy Laboratories have declined sharply from their higher levels.
