Sensex Continues to Trade in Negative Terrain Despite Pared Losses

The Sensex remained in the negative despite paring some of its losses, with sustained selling pressure observed in frontline stocks. Bankex, realty, and metal stocks traded lower, while IT stocks were the only outliers, showing a marginal gain. As of 10:53 a.m., the Sensex was trading down 170.20 points or 1.05% at 16,698.27, with 5 components falling.

Key Takeaways:

• The Sensex was trading down 170.20 points or 1.05% at 16,698.27, with 5 components falling.
• ICICI Bank contributed the most to the fall, with a decline of 54.79 points.
• Infosys Technologies was the biggest gainer, contributing a rise of 13.83 points.
• The biggest losers in the Sensex were ICICI Bank (4.24%), Tata Motors (3.57%), Sterlite Industries (India) (3.05%), DLF (2.51%), Bharti Airtel (2.37%), and Reliance Communications (2.24%).
• The BSE Mid and small caps outperformed their larger counterparts, declining 0.20% and 0.12% respectively.
• The major losers in the BSE Midcap were Aban Offshore (3.94%), Amtek Auto (1.5%), A I A Engineering (0.76%), Andhra Bank (0.72%), and Ackruti City (0.31%).
• The major losers in the BSE Smallcap were Advanta India (1.9%), Reliance MediaWorks (1.64%), Provogue (India) (1.64%), Genesys International Corporation (1.59%), and Aarti Industries (0.84%).

Statistics:

• The Sensex was down 170.20 points or 1.05% at 16,698.27.
• ICICI Bank contributed a decline of 54.79 points.
• Infosys Technologies contributed a rise of 13.83 points.
• The BSE Midcap declined 0.20%.
• The BSE Smallcap declined 0.12%.
• The major losers in the BSE Midcap were down an average of 2.34%.
• The major losers in the BSE Smallcap were down an average of 1.63%.

Sources:

• Euclid Infotech Pvt. Ltd.
• Syndigate.info
• Albawaba.com