The market, which declined sharply in mid morning trade, has regained some lost ground now with select blue chips finding good support at lower levels. Still, with several front line stocks reeling under pressure, the key indices Sensex and Nifty remain fairly deep down in negative territory at present.
While the Sensex is down 143.39 points or 0.75% at 18,912, more than 150 points off the day's low of 18,757.34, the Nifty, which had plunged to 4,888.20 following some erroneous orders this morning, is currently at 5740.80, down 46.80 points or 0.81% from its previous closing mark.
HDFC is down 4.4% at Rs 754 on huge volumes. On the National Stock Exchange, the HDFC counter has clocked a volume of 55.8 million shares, valued at over Rs 4,248 crore.
IDFC is down with a loss of 3.3%. Reliance Infrastructure, Jaiprakash Associates, Lupin, Wipro, ACC, Bharti Airtel, HDFC Bank, Asian Paints, Punjab National Bank, Infosys, ICICI Bank and BHEL are down 1.4% - 2.8%.
Bajaj Auto, State Bank of India, DLF, Hindalco, Tata Power and Tata Steel have regained most of the lost ground and are down with modest losses now. ONGC, ITC and GAIL India have edged up into positive territory, netting marginal gains.
Idea Cellular, Bank of India, Indian Hotels, Union Bank of India, LIC Housing Finance, Canara Bank, Power Finance Corporation, Divi's Laboratories, Biocon and Zee Entertainment are down sharply, losing 2% - 3% from their previous closing levels.
Shares of Emkay Global Financial Services plunged and hit the 10% lower circuit following the National Stock Exchange blaming the company for the erroneous trades that resulted in the Nifty's plunge by over 900 points this morning.