Mkts lose further ground: Sensex slips below 16,000
The markets have lost further ground and are trading deep in red. Sensex has breached the 16,00 mark. real estate, banking, technology stocks opened weak. Broader markets have trading moderately in red. Sensex and Nifty are down nearly 2.5% trading near the day's low. Metals, heavyweights are also dragging the markets lower.
At 10.25 hrs IST, the Sensex is down 336.07 points or 2.05% at 16035.22, and the Nifty down 103.85 points or 2.10% at 4838.15.
About 1869 shares have advanced, 1128 shares declined, and 67 shares are unchanged.
Cairn, DLF, Infosys, SBI, RPL, L&T, Rel Energy, Wipro, Unitech were among the top losers on indices.
Cipla, ONGC and Bharti Airtel were in green.
Asian markets were trading weak. Hong Kong's Hang Seng plunged 1.12%, Japan's Nikkei fell 1.50%, Taiwan's Taiwan Weighted was down 1.19%. However, Singapore's Straits Times was up 0.15%. South Korea's Seoul Composite was flat at 1,700.55.
US markets plunged 86 points on Friday; on fears of slowing consumer spending.
The markets have lost further ground and are trading deep in red. Sensex has breached the 16,00 mark. real estate, banking, technology stocks opened weak. Broader markets have trading moderately in red. Sensex and Nifty are down nearly 2.5% trading near the day's low. Metals, heavyweights are also dragging the markets lower.
At 10.25 hrs IST, the Sensex is down 336.07 points or 2.05% at 16035.22, and the Nifty down 103.85 points or 2.10% at 4838.15.
About 1869 shares have advanced, 1128 shares declined, and 67 shares are unchanged.
Cairn, DLF, Infosys, SBI, RPL, L&T, Rel Energy, Wipro, Unitech were among the top losers on indices.
Cipla, ONGC and Bharti Airtel were in green.
Asian markets were trading weak. Hong Kong's Hang Seng plunged 1.12%, Japan's Nikkei fell 1.50%, Taiwan's Taiwan Weighted was down 1.19%. However, Singapore's Straits Times was up 0.15%. South Korea's Seoul Composite was flat at 1,700.55.
US markets plunged 86 points on Friday; on fears of slowing consumer spending.
