Markets at day lows

Rate sensitive shares among top Sensex losers

Markets are trading near their day lows on selling pressure in rate sensitive shares after the RBI disappointed the street keeping key policy rates unchanged.

At 1:20PM the Sensex was down 195 points at 18,441 after touching a low of 18,426 and the 50-share Nifty was down 68 points at 5,598 after touching a low of 5,593 so far.

Stocks in Asia were trading mixed Asian but activity was subdued by a giant, powerful storm that will keep US markets shut, while the dollar slid to an intraday low against the yen after the Bank of Japan unveiled further easing steps. The Nikkei ended down 1% while the Hang Seng slipped 0.5%. The Shanghai Composite was up 0.2% and the Straits Times was up 0.2%.

Among the sectoral indices on the BSE, Realty was the top loser down 2.8%. Others include Capital Goods, auto, consumer durables and Bankex down 1.9-2.4% each.

In the Sensex pack, ICICI Bank, L&T, SBI, Tata Motors, ITC, Reliance, HDFC, HDFC Bank, Hero MotoCorp were among the top losers down 0.8-4.1% each.

 

Among other shares, Colgate is trading higher by 3% at Rs 1,269, also its record high, after reporting a better-than-expected 37% year-on-year (yoy) growth in net profit at Rs 145 crore in September 2012 quarter on back of higher volumes. Analyst on an average had expected profit of Rs 122 crore from personal products maker.

The broader market was also weak with BSE Mid-cap and Small-cap indices down over 1.1% each.

Market breadth was weak with 1,739 losers and 788 gainers on the BSE.