Market
Live: Sensex slumps 300 pts, Nifty holds 9700; Midcap cracks nearly 2%
Equity
benchmarks fell sharply in opening trade, with the Sensex losing more than 300
points and the Nifty trading near 9,700 level.
The
30-share BSE Sensex was down 287.79 points or 0.91 percent at 31,243.54 and the
50-share NSE dropped 93.55 points or 0.95 percent at 9,726.70.
Power
Grid, Tech Mahindra and Wipro were only gainers among Nifty stocks.
The
broader markets fell more than benchmarks as the BSE Midcap and Smallcap
indices were down nearly 2 percent each.
About
11 stocks declined for every share rising on the NSE.J Kumar Infra and Prakash
Industries fell 20 percent each after beginning of trade for first time in last
four consecutive sessions.
JP
Associates, Indo Count, Balaji Telefilms, SCI and Indo Amines fell up to 6
percent. However, Gujarat Gas and MOIL rallied 4 percent after earnings.
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