The markets saw a sharp cut in today's session on account of political concerns looming large. They opened in positive taking cues from Asia but saw a sharp fall.

Markets in deep red: Metal, bank, realty stocks down

The markets are ranged and continue to trade heavy losses on account of ongoing political uncertainty.

Some off the Asian markets which opened in green were off day's high and ended weak.

Sensex has shown little recovery and is down nearly 300 points or over 2% and is trading near the day's low. Broader markets have taken it on their chin and are the midcap and smallcap indices are down 4%. Breadth of the market is absolutely weak, with advance decline ratio at 1:10.

At 15.12 hrs IST, the Sensex is down 323.25 points or 1.82% at 17450.11, and the Nifty down 102.50 points or 1.98% at 5083.35.

About 561 shares have advanced, 2435 shares declined, and 45 shares are unchanged.

Heavy selling was witnessed across the sectors led by realty, metals and pharma.

Top gainers on the indices are Satyam, Bhel, TCS, Wipro, VSNL and HDFC Bank.

Top losers on the indices are are Reliance Energy, Ranbaxy, Zee Entertainment, Unitech ACC and Tata Steel.

Metals index is the top loser down over 5%. Major losers were Hind Zinc at 793 down 5.94%, JSW Steel at at 809.90  down 4.91%, Shree Precoated at 430 down 4.61%, Tata Steel down 4% at 799.

Realty stocks were also trading weak and the index is down 3%. Ansal Propertie at 261 down 5.26%, HDIL at 682 down 5.23% and Anant Raj Ind at 312 down 4.94%.

Most active shares on NSE are Power Grid Corp at Rs 98.50 with 27,102,706 shares, Reliance Energy at Rs 1,365.55 with 1,308,573 shares and Reliance Comm at Rs 637.85 with 2,711,584 shares. 

Markets plunge: Sensex down over 2%

The markets have plunged and are trading deep in red  on account of ongoing political uncertainty. Sensex has fallen nearly 400 points or over 2% and is trading near the day's low. Broader markets have taken it on their chin and are the midcap and smallcap indices are down 4%.

Heavy selling was witnessed across the sectors led by realty, metals and pharma.

Top gainers on the Sensex are Satyam, Bhel, TCS and HDFC Bank.

Top losers on the Sensex are are Reliance Energy, ACC and Tata Steel.

Metals index is the top loser down over 5%. Major losers were Hind Zinc at 793 down 5.94%, JSW Steel at at 809.90  down 4.91%, Shree Precoated at 430 down 4.61%, Tata Steel down 4% at 799.

Realty stocks were also trading weak and the index is down 3%. Ansal Propertie at 261 down 5.26%, HDIL at 682 down 5.23% and Anant Raj Ind at 312 down 4.94%.

Most active shares on NSE are Power Grid Corp at Rs 98.50 with 27,102,706 shares, Reliance Energy at Rs 1,365.55 with 1,308,573 shares and Reliance Comm at Rs 637.85 with 2,711,584 shares. 

Market trades weak: IT stocks outperform

The markets are trading in red but are off day's low on account of sustained selling pressure in index pivotals. Heavy selling was witnessed across the sectors led by realty, metals and pharma. However, IT stocks are on an upmove. Itas been a regular feature with IT socks, they are down when markets are trading higher and vice versa.

At 1:15 hrs IST, the Sensex is down 234.94 points or 1.32% at 17538.42, and the Nifty down 104.60 points or 2.02% at 5081.25.

About 642 shares have advanced, 2336 shares declined, and 62 shares are unchanged.

Top gainers on the Sensex are Satyam at Rs 456.10 up 2.62%, Bhel up 2.6%, TCS up 2.04% and HDFC Bank up 1.25%. 

Top losers on the Sensex are are Reliance Energy down 4%, ACC down 4% and Tata Steel at Rs 799 down 4%

Metals index is the top loser down over 4%. Major losers were Hind Zinc at 793 down 5.94%, JSW Steel at at 809.90  down 4.91%, Shree Precoated at 430 down 4.61%, Tata Steel down 4% at 799.

Realty stocks were also trading weak and the index is down 3%. Ansal Propertie at 261 down 5.26%, HDIL at 682 down 5.23% and Anant Raj Ind at 312 down 4.94%.

Most active shares on NSE are Power Grid Corp at Rs 98.50 with 27,102,706 shares, Reliance Energy at Rs 1,365.55 with 1,308,573 shares and Reliance Comm at Rs 637.85 with 2,711,584 shares. 

Markets dip further on political uncertainty

The markets have slipped more on the news of ongoing political uncertainty in New Delhi. Heavy selling was witnessed across the sectors led by realty, metals and pharma.

At 12.14 hrs IST, the Sensex is down 291.17 points or 1.64% at 17482.19, and the Nifty down 74.45 points or 1.44% at 5111.40. About 641 shares have advanced, 2335 shares declined, and 64 shares are unchanged.

Top gainers on the Sensex are Satyam at Rs 456.10 up 2.62%, TCS at Rs 1,092 up 2.04% and HDFC Bank at Rs 1,418 up 1.25%. 

Top losers on the Sensex are are Reliance Energy at Rs 1,354 down 6.44%, ACC at Rs 1,122.55 down 4.59% and Tata Steel at Rs 798 down 4.19%

Metals were in deep pain. Hind Zinc at 793 down 5.94%, JSW Steel at at 809.90  down 4.91% and Shree Precoated at 430 down 4.61%.

Realty stocks were also trading weak. Ansal Propertie at 261 down 5.26%, HDIL at 682 down 5.23% and Anant Raj Ind at 312 down 4.94%.

Market breadth on the NSE has collapsed further and the advance decline ratio was at 1:10. Most active shares on NSE are Power Grid Corp at Rs 98.50 with 27,102,706 shares, Reliance Energy at Rs 1,365.55 with 1,308,573 shares and Reliance Comm at Rs 637.85 with 2,711,584 shares.  

Mkts trades weak on heavy selling: midcap collapses

The markets are trading weak after strong opening today on the back of heavy selling seen across the sectors. Markets breadth has once again collapsed and the volume is low since opening today.

At 11.22 hrs IST, the Sensex is down 216.21 points or 1.22% at 17557.15, and the Nifty down 86.25 points or 1.66% at 5099.60. About 654 shares have advanced, 2318 shares declined, and 68 shares are unchanged.

Top gainers on the Sensex are HDFC Bank at Rs 1,432 up 2.25%, Satyam at Rs 448.60 up 0.93% and BHEL at Rs 2,173 up 0.90%. 

Top losers on the Sensex are ACC at Rs 1,132.30 down 3.77%, NTPC at Rs 207 down 3.47% and Dr Reddys Labs at Rs 633 down 3.13%. 

BSE Midcap was down over 2.4% at 7234.56 and the smallcap was down over 2.74% at 8852.61.

Most active shares on NSE are Power Grid Corp at Rs 98.50 with 27,102,706 shares, Reliance Energy at Rs 1,365.55 with 1,308,573 shares and Reliance Comm at Rs 637.85 with 2,711,584 shares.  

Mkts lose early gains on profit booking; midcaps weak

The markets opened on very strong note today on account of heavy buying seen across the sectors backed by strong global cues. It could not sustain the early gains and succumbed to profit booking within 10 minutes of trade.

At 10.11 hrs IST, the Sensex is down 25.86 points or 0.15% at 17747.50, and the Nifty down 5.95 points or 0.11% at 5179.90. About 1257 shares have advanced, 1694 shares declined, and 89 shares are unchanged.

Major gainers in the opening trade were Bharti Airtel, Infosys, Reliance, Reliance Comm, MTNL and DLF.

Asian markets were trading firm. Hong Kong's Hang Seng surged 1.72% or 478.05 points at 28,309.57, Taiwan's Taiwan Weighted advanced 1.14% or 109.22 points at 9,726.48, Singapore's Straits Times rose 1.09% or 41.50 points at 3,864.12 and South Korea's Seoul Composite gained 1.01% or 20.10 points at 2,016.13.

Market cues:

• FIIs net buy USD 140.9 mn in equity on Oct 4
• MFs net sell Rs 532.5 cr in equity on Oct 4
• NSE F&O Open Int up by Rs 720 crore (Rs 7.20 billion) at Rs 84,830 crore (Rs 848.30 billion)
• Sonia Gandhi says Congress ready for snap polls

F&O cues:

• Futures Open Int down by Rs 563 crore (Rs 5.63 billion), Options Open Int up by Rs 1283 crore (Rs 12.83 billion)
• Nifty futures Open Int unchanged
• Nifty Open Int PCR at 1.41 vs 1.35
• Nifty Puts add 14.2 lakh, Calls add 3.25 lakh shares in Open Int
• Nifty 5200 Put adds 4.7 lakh shares in Open Int
• Nifty 5000 Put adds 4.6 lakh shares in Open Int
• Power Grid top traded with turnover of Rs 4,000 cr
• Stock futures excluding Power Grid shed 2.3 cr shares in Open Int
• Power Grid adds 5.7 cr shares in Open Int