Due to bad signals from International market strong decline has being seen in the domestic markets. The rupee strong weakness had pressure on the market. Rupee against the dollar has come at its 2-months low. In the Asian markets 0.5-1 percent weakness is being seen.
All indices on the BSE are found in red. However, IT, banking and power stocks dominate most sellers. Midcap and smallcap stocks dominate the sale.
The BSE 30-share index Sensex 317 points with 1.1 percent fall is trading at 29132. While the 50-share NSE Nifty index 98.5 points with weakness of 1.1 percent is trading at 8839 levels.
During the market TCS, Axis Bank, Infosys, Tech Mahindra, ICICI Bank and Sesa Sterlite like heavyweight stocks has weakened from 3 to 1.6 percent. However JSPL, HUL, Dr Reddy's, Lupin, Coal India and Reliance Industries like giant shares have gained from 6 to 0.5 percent.
Midcap stocks Pipavav Defence, MindTree, NCC, Elstom T & D and Finolex Industries fell most from 6.7 to 3 percent. Smallcap stocks like Ansal Properties, Ganesh Housing, Mount Everest and the Ramakrishna Forge most have crashed from 3.9 to 3.4 percent.
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