Mkts plunge on weak global cues; metals, realty, banks slip
April 8th, 2009
The benchmark indices slipped sharply in the early trade following negative global cues. The profit booking was seen in banking, metals, real estate, oil & gas and capital goods stocks. Midcaps and small caps were also following the same trend.
At 9:56 am, the Sensex was trading at 10,200, down 331 points and the Nifty was trading at 3,159, down 96 points. The CNX Midcap was down 92 points, to 3,494. About 97 shares advanced while 562 shares declined.
Among the frontliners, DLF, Axis Bank, Hindalco, Tata Steel, Suzlon, Unitech, ICICI Bank, PNB, Reliance Capital, Reliance Communication, SBI, Tata Motors, SAIL, Sterlite Industries, Infosys, TCS and Reliance Industries were the losers.