 "Sensex down over 450 points; Rupee at 65.62/$")
Markets extended losses with both the Sensex and the Nifty losing 2.5% each in morning deals. Selling was visible across the sectors, except IT, as Rupee hit a new record low at 65.62.
At 1130 hrs, the Sensex was down 462 points at 18,095 and the Nifty slipped 146 points to trade at 5,330.
In the broader markets, the midcap index was down 1.2% and the smallcap index lost 0.8%, as compared to the 2.5% loss seen on the BSE benchmark index.
Bankex, Realty, Metal, PSU, Auto, FMCG, Capital Goods and Consumer Durables slipped 2-4%.
The only stocks in the green in the Sensex-30 were Infosys, TCS, Tata Power and Wipro up 0.1-1%.
HDFC, HDFC Bank, Maruti Suzuki, ITC, BHEL, Coal India and Hindalco down 4-7% were the top losers.
In individual stocks, Titagarh Wagons is locked in upper circuit of 10% at Rs 99.40, in otherwise weak market, on reports that the company has scrap plans to demerge its coach manufacturing business into a new company, following sluggish order flow for wagons from Railways.
IDFC has dipped over 11% at Rs 84, its lowest value since May 2009 on BSE, extending its previous day’s fall, after the company barred fresh purchases of its shares by foreign institutional investors and non-resident Indians. The stock has fallen nearly 17% in past two trading sessions.
The market breadth is very negative. 1,230 stocks declined while 537 stocks advanced on the BSE.
At 1130 hrs, the Sensex was down 462 points at 18,095 and the Nifty slipped 146 points to trade at 5,330.
In the broader markets, the midcap index was down 1.2% and the smallcap index lost 0.8%, as compared to the 2.5% loss seen on the BSE benchmark index.
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Among the sectoral indices, only IT and Teck indices are in the green, up 1% and 0.3% respectively.
Bankex, Realty, Metal, PSU, Auto, FMCG, Capital Goods and Consumer Durables slipped 2-4%.
The only stocks in the green in the Sensex-30 were Infosys, TCS, Tata Power and Wipro up 0.1-1%.
HDFC, HDFC Bank, Maruti Suzuki, ITC, BHEL, Coal India and Hindalco down 4-7% were the top losers.
In individual stocks, Titagarh Wagons is locked in upper circuit of 10% at Rs 99.40, in otherwise weak market, on reports that the company has scrap plans to demerge its coach manufacturing business into a new company, following sluggish order flow for wagons from Railways.
IDFC has dipped over 11% at Rs 84, its lowest value since May 2009 on BSE, extending its previous day’s fall, after the company barred fresh purchases of its shares by foreign institutional investors and non-resident Indians. The stock has fallen nearly 17% in past two trading sessions.
The market breadth is very negative. 1,230 stocks declined while 537 stocks advanced on the BSE.