The BSE Sensex trades even driven towards the dismal zone as stress builds from tired investors.
Markets opened on a pessimistic note but showed some quick recovery only to fall again reflecting bleak quarterly results recorded by Ranbaxy and Reliance yesterday.
Indices that are chiefly under selling stress are metal, capital goods, realty, IT and power. The 30-share BSE Sensex lost 15.50 points and was at 8,798.34 mark and 50-share Nifty was lower by 11.05 points at 2,702.75 around the same time at 12pm.
In spite of the first ever fall in Reliance’s quarterly sales in six years and first profit dip in three years, their stocks opened well and is trading higher at 1.26 %.
Jaiprakash Associates is leading the fall on the Sensex index by 7.33% at Rs61.30 along with Mahindra and Mahindra by 6.57%, Tata Power by 4.24%, Larsen and Toubro by 3.30% and Wipro by 2.92%.
Asian markets carry on to trade low after pitiable corporate consequences from big tech companies like Samsung and Microsoft. Japan’s Nikkei lost 3.8% to mark its lowest close in two months after Sony posted loss and Hong Kong’s stocks relieved by 0.2%.