Global woes hit Sensex, cracks over 800 points; top ten stocks in focus

NEW DELHI: The S&P BSE Sensex plunged over 600 points in trade on Tuesday on heavy selling by funds and investors amid global sell-off on worries about eurozone and sinking oil prices.

At 3:14 p.m.; the 30-share index was trading at 26,955.57, down 886.75 points. It touched a high of 27698.93 and a low of 26,942.21 in trade today.

The Nifty was at 8114.55 down 263.85 points. It touched a high of 8327.85 and a low of 8114.55 in trade today.


Here is a list of ten stocks which are in focus today:

Telecom stocks: The Union Cabinet on Monday approved the largest ever telecom spectrum auction that is targeted to fetch at least Rs 64,840 crore from the sale next month.

At 10:30 a.m.; Bharti Airtel was trading 0.8 per cent lower at Rs 354.

Oil & gas companies: US crude futures tumbled below $50 a barrel on Monday for the first time since April 2009 on fears of a global supply glut. Benchmark Brent crude was down more than 6 per cent at below $53 a barrel.

At 10:30 a.m.; ONGC was trading 3.4 per cent lower at Rs 341.

TCS Ltd: Even as the noise over mass layoffs at TCS refuses to die down, software lobby Nasscom has now stepped in to take stock of the situation at India's largest software exporter.

At 10:30 a.m.; the stock was trading 2.1 per cent lower at Rs 2486.

NMDC Ltd: ELHI: State-run iron ore miner NMDC has kept its prices for the month unchanged even as sales moved up slightly during the April-December period.

At 10:30 a.m.; the stock was trading 3.3 per cent lower at Rs 141.40.

SBI, Canara Bank: The Competition Commission (CCI) has rejected Muthoot Mercantile's allegations that 12 commercial banks including SBI, Canara Bank and IDBI formed a cartel for offering and marketing gold loan products.

At 10:30 a.m.; SBI was trading 1.4 per cent lower at Rs 308 and Canara Bank was down 1.7 per cent to Rs 442.

Bajaj Corp Ltd: The Reserve Bank has allowed foreign investors to buy up to 49 per cent of the paid-up capital of Bajaj Corp Ltd.

At 10:30 a.m.; the stock was trading 0.1 per cent lower at Rs 399.

IDBI Bank: State-owned IDBI Bank is set to raise Rs 2,600 crore by selling infrastructure bonds with a 10-year maturity. The bank is likely to finalise the bond sales on Tuesday as it is looking to obtain a better pricing, said a top official from the bank. At 10:30 a.m.; the stock was trading 2.4 per cent lower at Rs 74.20.

GMR Infrastructure Ltd: The civil aviation ministry is to offer the contract for building and running the proposed Jewar airport in Greater Noida to the GMR Group, which operates the one in Delhi, once the project gets the preliminary approvals that are required.

At 10:30 a.m.; the stock was trading 2.2 per cent lower at Rs 17.55.

Jubilant Life Sciences: Drug firm Jubilant Life Sciences has received final approvals from the US health regulator for its generics Mycophenolate Mofetil, an immuno-suppressant, and Rizatriptan, used for treatment of migraine, in the American market.

At 10:30 a.m.; the stock was trading 7.7 per cent higher at Rs 150.