 "Nifty holds 8,000 amid pressure; Sensex slumps 200 points")
Amid weak Asian cues markets continued their journey southward weighed down by broad selling pressure across healthcare, capital goods, and metal shares. Also, growth in manufacturing sector cooled to its slowest in 22 months in October as domestic demand softened.
By 11:30 am, the Sensex was lower by 197 points at 26,460 and the Nifty slipped by 57 points at 8,008.
Among broader markets, BSE Midcap and Smallcap indices are down between 0.3-0.5%. Market breadth is marginally weak with 1,384 shares declining and 822 shares advancing.
For the domestic market, the Nikkei Manufacturing Purchasing Managers' Index, compiled by Markit, fell to 50.7 in October from September's 51.2. The 50-mark divides expansion from contraction
On the global front, China's factory activity fell for an eighth straight month in October but at a slower pace as export orders flickered into life, a private survey showed on Monday, pointing to continued sluggishness in the world's second-largest economy.
Q2 EARNINGS
Adani Enterprises, Adani Ports and Special Economic Zone, Piramal Enterprises and Reliance Capital will announce their second quarter earnings today.
TRENDING STOCKS
Sectorally, BSE Capital Goods and Metal indices are leading the downfall with over 1% losses. BSE Healthcare index is down by nearly 1%. On the upside, BSE Auto and Consumer Durables indices are up nearly 0.3% each.
Shares of Sun Pharma have slipped nearly 2%. According to media reports, may decide to discontinue some non-strategic businesses as part of its integration process with RanbaxyBSE 5.63 %, the company it acquired last year in a $4-billion deal.
Bajaj Auto lost 4.5% on BSE after the company said that its total sales fell 9% to 3.52 lakh units in October 2015 over October 2014.
Mahindra & Mahindra has sold 51,383 units last month, up by 20% over corresponding period previous year. The stock has gained over 3%
Tata Motors has reported 1% growth in total sales at 43,486 vehicles for October 2015 compared to 42,862 units in the same month of last year. The stock is up by 1.2%
Among other shares, shares of Coffee Day Enterprises have dipped 14% to Rs 281, against its issue price of Rs 328 per share, after minutes of its listing on the National Stock Exchange (NSE). The stock listed at Rs 313.5% below its issue price.
Among other notable losers are Tata Steel, Lupin , Hindalco all down between 2-3% each .
