Market Continues To Trade Lower

Market Continues To Trade LowerThe Sensex continued to trade in the negative terrain due to heavy selling action witnessed in realty, banking and power stocks, while IT, metal and auto stocks went up.

Today, the 30-share index, BSE Sensex opened negatively at 14,563.10, down 80.88 points.

BSE Midcap fell 0.06%, whereas Smallcap surged 0.03%.

At 12.59 p.m., the 30-share index Sensex stood at 14,427.07, down 55.15 points, after touching a high of 14,563.10 and a low of 14,397.27.

In contrast, the broad based Nifty lost 3.95 points at 4,333.55, after hitting a high of 4,364.25 and a low of 4,315.55.

The overall market breadth was mixed as it witnessed 1,213 advancements as against 1,161 declinations.

Most active counters on the bourses were Jaiprakash Associates, which gained 1.79%, Infosys Technologies surged 1.14%, Tata Steel climbed 1.14%, Hindalco Industries increased 0.96%, Oil & Natural Gas Corporation zoomed 0.91% and ACC gained 0.71%.

The major losers’ in the Sensex included DLF, which fell 2.02%, Tata Power Company declined 1.44%, Reliance Energy lost 1.35%, Reliance Industries rejected 1.20%, Bharat Heavy Electricals dropped 1.09% and Ranbaxy Laboratories fell 0.91%.