Market Live: Sensex dips 100 pts amid political turmoil in Italy; M&M, Coal India rally. Asian shares extended a global sell-off. Japan's Nikkei, China's Shanghai Composite, Hong Kong's Hang Seng and South Korea's Kospi are down 1.5-2 percent.
Asian shares extended a global sell-off. Japan's Nikkei, China's Shanghai Composite, Hong Kong's Hang Seng and South Korea's Kospi are down 1.5-2 percent.
Market Update: Benchmark indices remained under pressure, with the Sensex falling 115.22 points to 34,834.02 and the Nifty declining 44.70 points to 10,588.60.
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The market extended previous day's losses with the Sensex falling more than 150 points following correction in global peers on political turmoil in Italy.
The Nifty50 has broken 10,600 levels while all sectoral indices are in the red barring IT.
The Nifty50 has broken 10,600 levels while all sectoral indices are in the red barring IT.
Banking & financials pulled the market lower as Nifty Bank and Financial Services indices lost nearly a percent.
Oil retailers IOC, HPCL and BPCL fell up to 3 percent after cut in fuel prices.
M&M, Coal India and Power Grid gained 2 percent each following March quarter earnings.
The 30-share BSE Sensex declined 171.66 points to 34,777.58 and the 50-share NSE Nifty slipped 62.10 points to 10,571.20. shares have advanced, 895 shares declined, and 86 shares are unchanged.
Market Opening: Benchmark indices extended yesterday's losses on Wednesday, tracking weakness in global stocks on political turmoil in Italy.
The 30-share BSE Sensex dropped 151.57 points to 34,797.67 and the 50-share NSE Nifty slid 63.30 points to 10,570.
Vedanta, Tata Motors, SBI, ICICI Bank, Bharti Airtel, Axis Bank and Grasim Industries fell up to 2.5 percent.
M&M, BPCL, and Infosys are gainers in opening.
Nifty Midcap lost 156 points. Nifty Bank declined 237 points.
Dilip Buildcon, Glenmark Pharma, BEL, Eveready Industries, Vakrangee, Jain Irrigation, Canara Bank, Allahabad Bank and LIC Housing Finance slipped up to 6 percent.
Greenply Industries, Reliance Communications, Dish TV and Power Grid are gainers.
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Oil retailers IOC, HPCL and BPCL fell up to 3 percent after cut in fuel prices.
M&M, Coal India and Power Grid gained 2 percent each following March quarter earnings.
The 30-share BSE Sensex declined 171.66 points to 34,777.58 and the 50-share NSE Nifty slipped 62.10 points to 10,571.20. shares have advanced, 895 shares declined, and 86 shares are unchanged.
Market Opening: Benchmark indices extended yesterday's losses on Wednesday, tracking weakness in global stocks on political turmoil in Italy.
The 30-share BSE Sensex dropped 151.57 points to 34,797.67 and the 50-share NSE Nifty slid 63.30 points to 10,570.
Vedanta, Tata Motors, SBI, ICICI Bank, Bharti Airtel, Axis Bank and Grasim Industries fell up to 2.5 percent.
M&M, BPCL, and Infosys are gainers in opening.
Nifty Midcap lost 156 points. Nifty Bank declined 237 points.
Dilip Buildcon, Glenmark Pharma, BEL, Eveready Industries, Vakrangee, Jain Irrigation, Canara Bank, Allahabad Bank and LIC Housing Finance slipped up to 6 percent.
Greenply Industries, Reliance Communications, Dish TV and Power Grid are gainers.
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Crude Update: Oil prices were lower on worries that Saudi Arabia and Russia will pump more crude weighing on the market.
Saudi Arabia and Russia have discussed raising OPEC and non-OPEC oil production by 1 million barrels per day (bpd) to counter potential supply shortfalls from Venezuela and Iran.
Brent crude was down 0.62 percent at $74.92 a barrel.
US West Texas Intermediate crude was down 0.36 percent at $66.49 a barrel, reports CNBC.
Saudi Arabia and Russia have discussed raising OPEC and non-OPEC oil production by 1 million barrels per day (bpd) to counter potential supply shortfalls from Venezuela and Iran.
Brent crude was down 0.62 percent at $74.92 a barrel.
US West Texas Intermediate crude was down 0.36 percent at $66.49 a barrel, reports CNBC.
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