Markets slipped further in the negative terrain. Banking which opened higher following Reserve Bank of India`s rate cut stimulus failed to sustain the positive sentiment.
Major losers in the sectoral indices were BSE Oil&Gas (3.21%), FMCG (3.13%) Power (1.86%) and Bankex (1.81%). On the other hand, BSE Realty (0.64%) and Consumer Durables (0.04%) were major gainers in the 30-share index.
BSE Midcap and BSE Smallcap also traded negative down by 0.45% and 0.45% respectively.
Currently, the 30-share index Sensex is trading down 116.91 points, or 1.38%, at 8,329.58, after touching a high of 8,535.03 and a low of 8,329.04. Meanwhile the broad based Nifty is trading lower by 46.50 points, or 1.76%, at 2,598.70, after hitting a high of 2,663.90 and a low of 2,592.80. (12.00 p.m.)
The 30-share index, BSE Sensex opened with a gain of 88.54 points, at 8,535.03. In the previous day session, the Sensex settled with a gain of 19.20 points, or 0.23%, while the NSE Nifty climbed by 23.20 points, or 0.88%.
Overall market breadth was negative. Out of the total 2,036 shares traded at BSE, 762 advanced, 1,180 declined while 94 remained unchanged.
Major gainers in the 30-share index were Sterlite Industries (India) (2.08%), Sun Pharmaceuticals (1%) Tata Consultancy Services (0.34%), DLF (0.61%), Tata Steel (0.57%) and Wipro (0.61%).
On the other hand, Ranbaxy Laboratories(5.81%), Hindustan Unilever (4.69%), Reliance Industries (3.90%) and ITC (3.68%) were the major losers in the Sensex.
