The Sensex slipped further and is trading on a weak note. Intense selling is being witnessed in frontliners. Metal, IT, oil & gas stocks traded lower. Both Sensex and Nifty were trading below 3-month low.

At 11.51., the Sensex was trading down 187.58 points or 1.18% at 15,728.07 with 26 components falling. Meanwhile, the Nifty was trading lower by 59.70 points or 1.25% at 4,697.55 with 44 components falling.

The 30-share benchmark index, BSE Sensex opened flat with a rise of 15.69 points or 0.10% at 15,931.34, while the broad based NSE Nifty started with a fall of 44.50 points or 0.94%, at 4,712.75.

Sensex Movers

Reliance Industries contributed fall of 23.71 points in the Sensex. It was followed by Tata Steel (19.42 points), Infosys Technologies (18.42 points), Housing Development Finance Corporation (17.28 points) and I C I C I Bank (12.75 points).

However, Bharti Airtel contributed rise of 5.79 points in the Sensex. It was followed by Hero Honda Motors (2.08 points), Hindustan Unilever (1 points), Sun Pharmaceutical Industries (0.31 points) and Maruti Suzuki India (0.18 points).

Major gainers in the 30-share index were Bharti Airtel (1.10%), Hero Honda Motors (1.03%), Hindustan Unilever (0.30%), and Sun Pharmaceutical Industries (0.20%).

On the other hand, Tata Steel (4.24%), Hindalco Industries (4.03%), Reliance Energy (2.63%), Tata Motors (2.56%), Housing Development Finance Corporation (2.21%), and Reliance Capital (2.18%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining 0.70% and 0.31% respectively.

The major losers in the BSE Midcap were Reliance MediaWorks (2.96%), Andrew Yule and Company (1.62%), Apollo Hospitals Enterprise (1.59%), Amtek Auto (0.84%) and Aban Offshore (0.18%).

The major losers in the BSE Smallcap were A B G Shipyard (2.23%), Aarti Industries (1.33%), INEOS ABS (India) (1.21%), Abhishek Industries (0.66%) and A B G Infralogistics (0.52%).

The BSE Smallcap index was at 8172.21 down by 25.72 points or by 0.31%.
The major losers were A B G Shipyard (2.23%), Aarti Industries (1.33%), INEOS ABS (India) (1.21%), Abhishek Industries (0.66%) and A B G Infralogistics (0.52%).

Sectors in Limelight

The Metal index was at 15,269.22, down by 339.16 points or by 2.17%. The major losers were Hindalco Industries (4.03%), Gujarat N R E Coke (2.81%), Jai Corp (1.69%), JSW Steel (1.43%) and Jindal Steel & Power (1.31%).

The IT index was at 4,770.70, down by 75.16 points or by 1.55%. The major losers were Aptech (2.6%), Mphasis (2%), Oracle Financial Services Software (1.86%), Infosys Technologies (1.21%) and H C L Technologies (1.16%).

The Oil & Gas index was at 9,567.36, down by 127.12 points or by 1.31%. The major losers were Bharat Petroleum Corporation (2.38%), Cairn India (2.21%), G A I L (India) (2.19%), Essar Oil (1.79%) and Aban Offshore (0.18%).

The Power index was at 2,942.76, down by 31.73 points or by 1.07%. The major losers were Reliance Infrastructure (2.63%), Crompton Greaves (1.81%), GMR Infrastructure (1.45%), Bharat Heavy Electricals (1.31%) and A B B (0.98%).

Market Breadth

Market breadth was negative with 988 advances against 1,536 declines.

Value and Volume Toppers

Jubilant FoodWorks topped the value chart on the BSE with a turnover of Rs. 2,816.14 million. It was followed by Tata Steel (Rs. 807.42 million), Reliance Industries (Rs. 537.19 million) and State Bank Of India (Rs. 485.24 million).

The volume chart was led by Jubilant FoodWorks with trades of over 14.04 million shares. It was followed by Shree Ashtavinayak Cine Vision (4.14 million), Reliance Media World (4.03 million) and Cals Refineries (3.89 million).