With just a few more minutes to go for the bell, and several blue chip stocks under pressure due to heavy selling, the market looks headed for a weak close again.
At 18,874.70, the Sensex is now down 133.40 points or 0.7% from its previous close.
The Nifty is down 56 points or almost 1% at 5685.95.
Realty stocks are hammered once again. With key stocks in that space posting sharp losses, the BSE Realty index is now down as much as 4.6%. Power, capital goods, PSU and bank stocks are the other major losers. Meal and oil stocks are down as well.
Bharti Airtel is down 4.3%, with court summons against the company in the additional spectrum allocation case triggering a sell-off at the counter. State Bank of India
is down nearly 4%. NTPC
is down 3.5%.
ICICI Bank, ONGC
, Larsen & Toubro
are down 2.4% - 3%. Maruti Suzuki
, Tata Steel
, GAIL India
, Jindal Steel
& Power, Mahindra & Mahindra
, HDFC Bank
and Sterlite Industries
are also trading notably lower.
Reliance Infrastructure has plunged nearly 10%. Jaiprakash Associates
, Punjab National Bank
, Power Grid Corporation
, Bank of Baroda
and Ambuja Cements
are down 2% - 5%.
Hindustan Unilever, Cipla
, Asian Paints
, Tata Motors
, Tata Consultancy Services
, Hero Motocorp, Ranbaxy Laboratories
, Tata Power
are up in positive territory with sharp to moderate gains.