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| Sensex down 325 pts on widespread selling @ 13:10 hrs
With the mood remaining bearish, the market continues to languish deep down in the negative territory this afternoon. Information technology heavyweights are among the prominent losers. FMCG, realty, bank, oil and auto stocks are also struggling for support.
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Select power, PSU and pharma stocks have posted notable gains. A few stocks from the metal space have also edged higher. Several midcap and smallcap stocks have risen sharply on strong buying support.
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The Sensex is down 325.85 points or 2.05% at 15,586.28, while the broader 50-stock Nifty index of the National Stock Exchange is down with a loss of 1.91% or 90.25 points at 4620.75.
The market breadth is marginally positive. Out of 2535 stocks seen in action on BSE, 1301 stocks are up with gains. 1148 stocks have declined and 86 stocks are trading flat.
Larsen & Toubro, DLF, ACC, ITC, State Bank of India, Reliance Industries, Tata Consultancy Services, Reliance Infrastructure, Wipro, Infosys Technologies, Maruti Suzuki and HDFC are down by 2% - 3.5%.
ICICI Bank, Sun Pharmaceuticals, Tata Power, Hindustan Unilever, Jaiprakash Associates, HDFC Bank, Hero Honda and Tata Motors are also down with notable losses.
Ambuja Cements has lost 5.3%. Axis Bank, Siemens, Cipla, Jindal Steel, SAIL, IDFC, Punjab National Bank, Ranbaxy Laboratories, Unitech and Power Grid Corporation are also trading weak.
Bharti Airtel, Reliance Communications, Hindalco, Suzlon Energy, GAIL India, Reliance Capital and BHEL are up with sharp to moderate gains.
Midcap stocks Spice Telecom and Wockhardt are on song. While the former is up 13.3%, the latter has gained a little over 12%. IFCI, BF Utilities, Rashtriya Chemicals & Fertilizers, Torrent Power, TV 18, Patni Computer Systems, National Fertilizers, Torrent Pharma, IndusInd Bank, Bhushan Steel, Lupin, Syndicate Bank and Shree Cement have also risen sharply.
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