Sensex 160 points weaker, Europe Market Strong
02:00 PM
The decline of the market is growing. Nifty has come down by
6700, the Sensex has declined by 150 points. For European markets, domestic
markets are good signs came off. 0.5-1 per cent growth in the European markets
is seeing. Realty, IT and power stocks selling at the market impact of aging is
visible. Except the BSE IT index, all indices are in the red eye. When
heavyweights stack Midcap and Smallcap stocks also posted losses has begun.
The 30-share BSE Sensex index is currently 0.7 per cent, with
160 points, is trading at 22 325. The NSE 50-share Nifty index shed 48 points, 0.7
per cent is trading at 6685 levels.
The turnover in the market DLF, BHEL, Infosys, BPCL, Tata
Power, Wipro and NTPC as 4.7 to 2.4 per cent recorded in heavyweights. However,
ITC, Bank of Baroda, Maruti Suzuki, United Spirits, IndusInd Bank, GAIL, ICICI
Bank and from 1.7 to 0.1 per cent rise in heavyweights like Bharti Airtel
looks.
In midcap India Cement, Home Finance, Network 18, Indiabulls
Real Estate and Anant Raj has broken the most from 9.3 to 5.6 per cent. In the
smallcap space, Ramco, Mercator, Sikal Logistics, Light Industries and Orbit
Corp. fell the most from 8.4 to 6.5 per cent.
European markets, Britain's FTSE 100 index of terms is about
0.5 per cent stronger. While France's CAC 40 Index rose by nearly 1 per cent.
DAX index has gained nearly 1 per cent of Germany.
Jagdish Malkani, Member of BSE in the market after the recent
boom - small fall is natural and what is happening now. Nifty and 100-200 points
fall would not be surprised. Currently, investors are advised to make only Position
veterans.
According to Jagdish Malkani, increase market share and the
decline of state-owned banks in the current environment, IT, pharma is likely
to strengthen as defensive stocks.
Saurabh Mukherjea of Ambit Capital at current levels, HCL
Tech, TCS, Sobha Developers, BALKRISHNA INDUSTRIES LTD tell attractive
investment.
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