Stock Market Sectors: Stock market update: Power stocks down as market falls
The 30-share BSE Sensex was down 453.91 points at 65058.19
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The 30-share BSE Sensex was down 453.91 points at 65058.19
The 30-share BSE Sensex was down 344.27 points at 65484.14
The 30-share BSE Sensex closed down 316.31 points at 65512.1
In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 5,677 crore led by HDFC Bank with a 40 block counts totalling to Rs 1,571 crore. The next in line were ICICI Bank (Rs 870 crore), Tube Investments of India (Rs 589 crore), Kotak Mahindra Bank (Rs 394 crore) and Reliance Industries (Rs 339 crore).
The market is due for a short term upward pull back in the near term. It has formed a long legged doji formation, which may see trending activity on either side, says Amol Athawale, Vice President - Technical Research, Kotak Securities.