Selling intensifies... Sensex down around 200pts
Sensex has slipped into the negative zone owing to fresh selling pressure.The index is now at 14,333, down 188 points.
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Updated at 12:50 Hrs:
Constant bouts of buying and selling in the market have made the index gyrate between the zones. The index however recovered and touched a high of 14,631. The index is now at 14,581, up 59 points.
The BSE IT index lead the rally so far. It is up 2.5% at 3,274.
SBI has gained 3% at Rs 1,716. Wipro has advanced 2.5% to Rs 388.
TCS, Sun Pharma and Infosys have added over 1.5% each to Rs 386, Rs 1,320 and Rs 1,740, respectively.
ACC and Tata Steel have dropped around 5.5% each to Rs 781 and Rs 395, respectively.
NTPC, Hindalco, ONGC, Grasim and DLF declined 2-3% each to Rs 208, Rs 91, 1,039, Rs 2,268 and Rs 326, respectively.
The market breadth still remains to be extremely negative- out of 2,421 shares traded, 1,676 have declined and 674 have advanced so far on the BSE.