Markets have witnessed a fall, with Nifty seeing cuts of 2%. ADAG stocks have seen a free fall leading to huge cuts in these counters. Other infrastructure and Oil stocks have also contributed to the fall.
At 10:40 AM, the Nifty is at 5276, down by 90 pts or -1.7%.
Reliance Infra has seen a massive cut of nearly 7% with the stock trading at 542.50. RCOM is not spared, with cuts of 6.5% at 88.85.
Reliance Capital is down by over 3%.
IT major Infosys is down by 2.5% at 2699. Wipro and TCS are also down by 2.5% each.
Punj lloyd is down by 3.4%. JPAssociates has seen a cut of 2.2%. Suzlon energy is down to 49.70, with a cut of over 3%.
Index Heavy weight RIL is down by 1.6%. Oil major ONGC is down by 2%.
BPCL has witnessed 2.5% cuts. GAIL is down by 1.4%.