Mkt ends in red but off day's low: Metal, power down

It was an extremely weak session for the markets as they continued the downtrend that started yesterday. At one point of time Sensex was staring at a loss of over 650 points and Nifty was down over 200 points. But by the end of the day showed some recovery. Sensex recovered over 350 points from the day's low. Recovery was led by ICICI Bank, Bharti, ABB, SAIL and ITC. CNX Midcap has recovered over 1% from the day's low. The cues from Asia were bad with Hang Seng down over 5% and Europe is trading extremely weak each CAC, DAX and FTSE down over 1%.

Mkts show some recovery: HDFC Bk, NTPC top losers

The markets have shown some recovery and are off day's low. Sensex has recovered nearly 300 points from the day's low. Recovery is led by ICICI Bank, Bharti, ABB, SAIL and ITC. CNX Midcap has recovered over 1% from the day's low. The cues from Asia were bad with Hang Seng down over 5% and Europe is trading extremely weak each CAC, DAX and FTSE down over 1%.

At 3.10 hrs IST, the Sensex is down 380.52 points or 1.88% at 19870.57, and the Nifty down 139.70 points or 2.30% at 5934.55.

About 582 shares have advanced, 2370 shares declined, and 26 shares are unchanged.

Sterlite Ind is down 9%, Reliance Communication down 6% HDFC Bank down 6%, Unitech is down over 7%, DLF down 5% and Tata Steel and Reliance Energy down over 4%. 

All the BSE indices are trading with deep cut led by banking, metal, power, realty and auto stocks. BSE realty and metal indices are down over 4% followed by by power and capital goods index.

In the realty space Omaxe down 10%, IBREL and Lanco Infra down 9%, Unitech down 7% and DLF down 5%.

Top gainers on the indices are TCS, Bharti, Grasim and Cipla. 

Mkts slide: Power, metal, realty index down over 4%

The markets have further slipped in the red with Sensex shaving off over 600 points and Nifty is down over 200 points. The market breadth has worsened. The cues from Asia were bad with Hang Seng down over 5% and Europe is trading extremely weak each CAC, DAX and FTSE down over 1%.

The broader markets are also trading deep in red both CNX Midcap and smallcap index are down nearly 3% each. NSE Advance: Decline was at 1:10.

Sterlite Ind is down 9%, Reliance Communication down 7.5% HDFC Bank down 7%, Unitech is down over 7%, DLF down 5% and Tata Steel and Reliance Energy down over 4%. 

All the BSE indices are trading with deep cut led by banking, metal, power, realty and auto stocks. BSE realty and metal indices are down over 4% followed by by power and capital goods index.

In the realty space Omaxe down 10%, IBREL and Lanco Infra down 9%, Unitech down 7% and DLF down 5%.

Top gainers on the indices are TCS, Bharti, Grasim and Cipla. 

Mkts reel under pressure: Realty, metal, power plunge

The markets continue to reel under pressure on susatined selling pressure in scrips across sectors. Sensex is below the 20,000 mark and Nifty is below 6,000 levels. Heavy selling is seen in scrips across sectors. The broader markets are also trading deep in red but the frontliners have underperformed the midcap and smallcap index. Cues from Asia have been extremely weak. Recession in US market is the major concern for financial markets across globe.

Mkts in deep red: HDFC Bk, Rel Comm, Sterlite top losers

The markets have continued the downtrend and are trading near the low point of the day. Heavy selling is seen in scrips across sectors. The broader markets are also trading deep in red but the frontliners have underperformed the midcap and smallcap index. Cues from Asia have been extremely weak. Recession in US market is the major concern for financial markets across globe.

All the BSE indices are trading with deep cut led by banking, metal, power, realty and auto stocks. BSE realty and metal indices are down over 3% followed by by power and capital goods index.

At 12.15 hrs IST, the Sensex is down 395.86 points or 1.95% at 19855.23, and the Nifty down 155.00 points or 2.55% at 5919.25.

About 726 shares have advanced, 2216 shares declined, and 36 shares are unchanged.

BSE Midcap index is down 1.5% and the smallcap index is down over 1.7%.

Top losers on the indices are Sterlite Ind down nearly 7%, HDFC Bank down 5.6%, Reliance Comm down 5.5%, Unitech is down 5% and Tata Steel and Reliance Energy down over 4%. 

Top gainers on the indices are TCS, ICICI, ACC and BPCL. 

Mkts plunge; power, metal, bank stocks weak

The markets have slipped further on the back of panic selling witnessed across the sectors. All the BSE indices are trading with deep cut led by banking, metal, power, realty and auto stocks.

Market breadth has collapsed more with nearly 100 stocks on the advancing side and over 1000 stocks on the downs side. Rupee was quoting at 39.

Mkts open with deep cut; metal, power, banks down

The markets opened with deep cut in line with its global peers. Heavy selling was witnessed in the opening trade across the sectors led by the power, metal, banking and telecom stocks.

At 9:56 am, Sensex was down 296 points at 19954 and Nifty was down 92 points at 5981. Major losers in the opening move were ICICI Bank, HDFC Bank, Rel Petroleum, NTPC, Hindalco, Sterlite Inds, Tata Power, Tata Steel, Rel Comm, Unitech. TCS was only Sensex stock in green.  

Asian markets were trading weak. Hong Kong's Hang Seng tumbled  3.29% or 850.52 points at 24,987.26. Japan's Nikkei declined 0.94% or 130.70 points at 13,841.93. Taiwan's Taiwan Weighted slipped 1.33% or 112.15 points at 8,316.69. South Korea's Seoul Composite fell 1.52% or 26.49 points at 1,720.46.

US markets: The Dow plunged 277.04 points, or 2.17%, to 12,501.11. The Standard & Poor's 500 index slipped 35.30 points, or 2.49%, to 1,380.95, and the Nasadaq composite index fell 60.71 points, or 2.45%, closing at 2,417.59

Market cues:

Global markets weak on Wall Street cues
FIIs net buy USD 43.2 million in equity on Jan 14
MFs net sell Rs 551 crore in equity on Jan 14
NSE F&O Open Int up by Rs 4926 crore at Rs 1.30 lakh crore