The Sensex continues to exhibit weak movement on the back of sluggishness in realty and metal stocks. The metal scrips have declined as base prices have slipped on the London Metal Exchange on Friday, 14 May. At 1100, the Sensex is down 397 points at 16,597, a loss of 2.34 per cent.
The NSE Nifty is 115 points down at 4,978, a loss of 2.25 per cent.
Among the Sensex-30 stocks, DLF and Reliance Infrastcruture have slipped 5% each to Rs 283 and Rs 975, respectively.
Jaiprakash Associates, Tata Motors, Wipro, Tata Steel and BHEL are down 3-4% each.
Reliance Industries is also weak and is down 3% at Rs 1,012.
While HUL is up 0.5% at Rs 234.
The market breadth is extremely negative, out of 2,447 shares traded, 1,881 have declined and 504 have advanced so far on the BSE.
The BSE midcap and the smallcap indices are down 1.5% each on the BSE.
Among the sectoral indices, realty index is down 3% at 3,179. It is followed by IT and oil &gas indices, down 2% each.
DLF, HDIL and Unitech are the major draggers on the realty index, down 3-5%, respectively.
At 1005 hrs:
The Bombay Stock Exchange benchmark Sensex tanked almost 362 points in opening trade on Monday in line with the meltdown in overseas markets on concerns over Europe's sovereign debt crisis.
The 30-share index, which had lost 271.27 points in the previous session, plunged further by 361.77 points, or 2.12 per cent to 16,637.42 points.
At 1005 hrs, Sensex is down 352 points at 16,642.83, a loss of 2.07 per cent, and NSE is down 99 points at 4,994.80, down 1.94 per cent.
All the sectoral indices, led by oil and gas, metals realty and banking, were trading in the negative zone.
The wide-based National Stock Exchange index Nifty dipped below 5,000 points to trade 101.80 points, or almost 2 per cent down at 4,991.70.
Marketmen said investors resorted to heavy selling after a steep fall in the US market on Friday and weak opening on Asian stock markets in the morning trade today.
Besides, disappointing quarter earnings by some companies also put pressure on the trading sentiment, they added.
Among prominent losers Reliance Industries fell by 2.26 per cent to Rs 1,020, Rcom by 1.59 per cent to Rs 142.20, Reliance Infra by 3.08 per cent to Rs 994, Infosys Technologies by 2.01 per cent to Rs 2,603.50, Wipro by 3.08 per cent to Rs 646.75, Sterlite Industries by 2.18 per cent to Rs 686.10, Tata Steel by 3.28 per cent to Rs 530.55 and State Bank of India by 2.47 per cent to Rs 2,167.70.
Meanwhile, the US Dow Jones Industrial Average ended 1.51 per cent lower in the previous session on Friday.
