Thanks to stock specific buying, a few frontline stocks from information technology, bank, auto and FMCG sectors have posted smart gains. Metal, realty, power and oil stocks are seen struggling in the negative territory due to sustained selling pressure.
The Sensex, which had vaulted to a high of 15,338.23 in early trade this morning, has eased to 15,153.58 now, trimming down its gain to 158.75 points or 1.06%. The Nifty, which has slipped to 4592.15 from a high of 4649.45, is up 0.4% or 18.20 points over its previous closing mark.
Metal stocks have been hammered today. Reflecting the sharp fall in prices of key stocks from the sector, the BSE Metal index has lost as much as 4.24% at present.
Heavyweight stocks Tata Steel (down 4.4%), SAIL (down 3.4%) and Sterlite Industries (down 2.15%) have suffered sharp losses. The biggest loser in the Metal index is JSW Steel which is down by as much as 15.1% at Rs 760.20.
Gujarat NRE Coke is down with a loss of 9.4%. Ispat Industries, Jindal Stainless, Jindal Steel, Maharashtra Seamless and Welspun Gujarat have lost 6% - 7.5%. Bhushan Steel is down by around 5.15% at Rs 726. Jindal Saw and Sesa Goa are down by 2.9% and 3.15% respectively. Nalco has bucked the trend and posted a sharp gain of 3.9%. Hindalco and Shree Precoated Steel are up with marginal gains.
Realty stocks have gone out of favour once again. Heavyweights DLF and Unitech have lost 1.4% and 1.85% respectively. Puravankara Projects has lost a little over 10%. India Bulls Real Estate has slipped by 8.1%.
Akruti City, Mahindra Lifespace, Omaxe, Parsvnath Developers and Penland have lost 5% - 7.5%. Phoenix Mills and Sobha Developers are down by 2.95% and 2.4% respectively. HDIL has scored a sharp gain of 2.8% while Anant Raj Industries is down with a small loss.
The Sensex, which had vaulted to a high of 15,338.23 in early trade this morning, has eased to 15,153.58 now, trimming down its gain to 158.75 points or 1.06%. The Nifty, which has slipped to 4592.15 from a high of 4649.45, is up 0.4% or 18.20 points over its previous closing mark.
Metal stocks have been hammered today. Reflecting the sharp fall in prices of key stocks from the sector, the BSE Metal index has lost as much as 4.24% at present.
Heavyweight stocks Tata Steel (down 4.4%), SAIL (down 3.4%) and Sterlite Industries (down 2.15%) have suffered sharp losses. The biggest loser in the Metal index is JSW Steel which is down by as much as 15.1% at Rs 760.20.
Gujarat NRE Coke is down with a loss of 9.4%. Ispat Industries, Jindal Stainless, Jindal Steel, Maharashtra Seamless and Welspun Gujarat have lost 6% - 7.5%. Bhushan Steel is down by around 5.15% at Rs 726. Jindal Saw and Sesa Goa are down by 2.9% and 3.15% respectively. Nalco has bucked the trend and posted a sharp gain of 3.9%. Hindalco and Shree Precoated Steel are up with marginal gains.
Realty stocks have gone out of favour once again. Heavyweights DLF and Unitech have lost 1.4% and 1.85% respectively. Puravankara Projects has lost a little over 10%. India Bulls Real Estate has slipped by 8.1%.
Akruti City, Mahindra Lifespace, Omaxe, Parsvnath Developers and Penland have lost 5% - 7.5%. Phoenix Mills and Sobha Developers are down by 2.95% and 2.4% respectively. HDIL has scored a sharp gain of 2.8% while Anant Raj Industries is down with a small loss.
No comments:
Post a Comment