The breadth of the market favoured declines, with 732 stocks advancing, 954 declining and 387 remaining unchanged. On BSE, 1149 stocks advanced, 1295 declined and 161 remained unchanged.
The Indian stock market have extended the morning loses and are trading well in the red this Monday afternoon with the Nifty50 down 102 points and is trading at 11,412 while the Sensex is trading lower by 391 points at 37,699.
From the BSE smallcap space, sugar stocks have taken the pole position led by Bajaj Hindusthan, Dhampur Sugar, Ugar Sugar, Dwarikesh Sugar, Sakthi Sugars and Avadh Sugar which zoomed 20 percent after government approved hiking the price of ethanol produced directly from sugarcane juice for blending in petrol by 25 percent last Wednesday.
BPCL, HPCL, Indian Oil Corporation, Tata Steel and Grasim Industries are the top gainers on the Nifty.
The most active stocks include Balrampur Chini, Aurobindo Pharma, Reliance Industries, Divis Labs and YES Bank.
The top losers are Bajaj Finance, HDFC, Reliance Industries, Titan Company and State Bank of India which are down 1-2 percent.
The top BSE gainers include Venkys, EID Parry, Suzlon Energy, Balrampur Chini and Avanti Feeds among others.
The top losers include Kwality, Redington India, Ashoka Buildcon, Berger Paints and KEI Industries.
Monnet Ispat, Divis Labs, Alembic Pharma, Sonata Software and Universal Cables are few stocks which hit new 52-week high this Monday afternoon.
On the other hand, 68 stocks have hit new 52-week low including names like Ashoka Buildcon, IL& FS Transport and JK Tyre among others.
The breadth of the market favoured declines, with 732 stocks advancing, 954 declining and 387 remaining unchanged. On BSE, 1149 stocks advanced, 1295 declined and 161 remained unchanged.Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.