Reliance Comm, BHEL, Rel Capital and Ambuja Cements, who among the top gainers, were at 3.50 percent, 2.11 percent, 1.36 percent and 1.35 percent up respectively.
Maruti Suzuki, HDFC, Dr Reddys Labs and Hindalco, who among the top losers, were at 4.44 percent, 3.46 percent, 2.80 percent and 2.68 percent down respectively.
Sensex loses 192 pts; RIL, Infy, HDFC down
Following sell-off in Reliance Industries, TCS, HDFC, Infosys, ICICI Bank, NTPC, ITC, SBI and Bharti Airtel, markets lost its yesterday's gains.
At 1:58 pm, the 30-share BSE Sensex fell 192 points to 18,166 and the 50-share NSE Nifty slipped 58 points to 5,452 Even the market breadth was in favour of declines; about 500 shares advanced as against 761 shares declined on National Stock Exchange.
Reliance Industries was witnessing profit booking today as it had rallied in previous few sessions; down over 1 percent. TCS, Infosys, HDFC, ICICI Bank, SBI, ITC, NTPC and Bharti Airtel too were adding pressure on the markets, declining 1-3 percent.
RBI rate hike fail to move markets; Sensex down 96 pts
The Reserve Bank of India (RBI) has raised repo, reverse repo rates by 25 bps each to 6.75 percent and 5.75 percent, respectively, and left the CRR unchanged at 6 percent. But rate hikes failed to move the graph of Sensex and Nifty to upwards.
At 12:45 pm, the 30-share BSE Sensex was trading at 18,263, down 96 points and the 50-share NSE Nifty fell 30 points to 5,481. Asian markets too remained under pressure - Shanghai, Hang Seng, Nikkei and Straits Times fell 1-2 percent.
The sell-off in heavyweights like Reliance Industries, TCS, Infosys, ICICI Bank, HDFC, NTPC and ITC weighed on the markets. However, ONGC, BHEL, HDFC Bank and Bharti Airtel were trying to support the markets. Anil Dhirubhai Ambani Group companies' shares too were gained.
Markets struggle over Japan, Middle-East row
Following earthquake-stricken Japan's condition, tensions in Middle East and North Africa and weak economic data, Indian market is also struggling to gain its lost power.
At 10:16 am, the 30-share BSE Sensex was trading at 18,312, down just 46 points and the 50-share NSE Nifty fell 15 points to 5,497.
Dr Reddy's Labs, Infosys, Tata Motors, ICICI Bank, Maruti Suzuki, Tata Steel, JSPL, SAIL, ITC, Sun Pharma, Ranbaxy Labs and HDFC, who among the frontliners, were witnessing selling pressure.
TCS, Reliance Industries and L&T were marginally in red.
However, ONGC, Reliance Communications, Kotak Mahindra Bank and SBI were quite supportive.