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| Realty, Capital Goods stocks drag markets |
| SI Reporter / New Delhi Dec 19, 2011, 13:13 IST |
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Markets continue to remain under the intense selling pressure in the noon deals. Both the Sensex and Nifty registered their fresh 52-week low levels in the trades today. At 12.55 PM the Sensex was at 15,280, down 210 points and the Nifty is down 57 points at 4,594.
DLF is the top loser among the Sensex stocks, down 4.4% at Rs 186. Larsen & Toubro is down 4% at Rs 1,032. ICICI Bank, SBI, Jindal Steel, BHEL, Tata Power, HDFC Bank, NTPC, Wipro and Infosys are also among the losers, down 1.7-3.8% each.
On the other hand, Bharti Airtel, Tata Motors, Hindustan Unilever, Coal India and Cipla have manged to buck the trend and are trading higher.
Among the individual stocks, Orchid Chemicals and Pharmaceuticals has tumbled 16% to Rs 114 on the back of huge volumes. The trading volumes on the counter have surged more than four times in today's session.
Jet Airways has slipped 6% to Rs 192, extending its 14% fall in the past three trading days, on concerns that the company may have to pay carbon emission tax for flying to Europe.
Pantaloon Retail (India) is trading higher by 3% to Rs 144 in an otherwise extremely weak market on reports that the government would explore the possibility of implementing the decision on foreign direct investment (FDI) in multi-brand retail through
Realty, capital goods and banking stocks are amongst the worst hit in trades thus far. The BSE Realty index is down nearly 4% at 1,391 levels. Capital Goods and Bankex are trading lower by over 3% each. Power, PSU, Metal, IT and Consumer Durable indices are also trading lower. At the same time FMCG and Oil & Gas indices are trading higher.
Anant Raj Industries is the top loser among the Realty stocks, down 11% at Rs 40. Prestige Estates, Unitech, DLF, DB Realty, Sobha Developers and Parsvanath Developers are also trading lower by 2.7-10% each. From the capital goods spce, BGR Energy is the top loser. It is followed by Pubnj Lloyd, Suzlon Energy, Alstom Projects, Crompton Greaves and Lakshmi Machine Works.
The Mid-cap and small-cap indices are trading lower by over 2% each.
The overall market breadth is negative as 2,67 stocks are declining while 530 are advancing.
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