Reliance Industries, Oil and Natural Gas Corporation (ONGC), Bharti Airtel, Tata Steel, Sesa Sterlite, Cairn India and Wipro are among 175 stocks that have hit a three-month low as the S&P BSE Sensex slipped over 1,000 points thus far in December.

The S&P BSE Sensex that closed to 27,602 on Thursday has lost 1,092 points from its record closing high of 28,694 on November 28. The 50-share CNX Nifty Index has also declined 295 points at 8,293 from its lifetime high 8,588. The fall has seen around 175 stocks from the BSE-500, mid-cap and small-cap index touch their respective three-month low level during the current month.

Shares Bharti Infratel has surged nearly 13% to Rs 372 in early morning trade, also its record high on the National Stock Exchange (NSE), on back of heavy volumes.

At 0944 hours, a combined 1.26 million shares already changed hands against an average around 1.5 million shares that were traded daily in past two weeks on NSE and BSE.

Markets extended losses after opening marginally lower, amid weak global cues, with auto and capital goods shares leading the decline.

By 9:35, the Sensex was lower by 220 points at 27,611 mark and the Nifty slipped by 64 points at 8,291 mark.

ITC, a fast moving consumer goods (FMCG) major, has become the second-most valuable Indian company, surpasses refineries giants- Oil and Natural Gas Corporation (ONGC) and Reliance Industries - in overall market capitalization (m-cap) ranking.

ITC with a m-cap of Rs 3,15,797 crore at 1014 hours, was climbed to number two position ahead of ONGC and Reliance Industries having m-cap of Rs 3,14,842 crore and Rs 3,09,596 crore respectively. Information technology giant Tata Consultancy Services (TCS) is at number one position with Rs 495,479 crore m-cap.

Shares of Infosys have dipped 4% to Rs 1,993 after a huge block deal executed on the counter on the National Stock Exchange (NSE). The stock opened at Rs 2,019 and touched a low of Rs 1,988 on NSE.

A total 32.3 million shares representing 2.8% of total equity of Infosys changed hands in multiple block deals in early morning trade. However, the identity of the buyers and sellers could not be yet ascertained.

Markets surged in opening trades to hit record highs with the Sensex topping the 28,800 mark but retreated later as traders turned cautious and booked profits at higher levels.

By 9:30, the Sensex was higher by 175 points at 28,618 whereas the Nifty gained by 88 points at 8,625. Sensex and Nifty have hit the fresh record high of 28,809 and 8,627, respectively.

Infosys is trading lower by 1.5% at Rs 2,143 in early morning deals on the National Stock Exchange (NSE) after turning ex-bonus today.

The stock opened at Rs 2,165 and hit a low of Rs 2,139 on NSE. A combined 188,234 shares have changed hands on the counter till 0916 hours on BSE and NSE.

Maruti Suzuki India has moved higher by 2.2% to Rs 3,410 on BSE after reporting 19.5% year on year increase in its total sales to 110,147 units in the month of November 2014. The car maker had sold 92,140 units during the same month last year.

Domestic sales during the month stood at 100,024 units, up 17% from 85,510 units in November previous year, Maruti Suzuki India said in a statement.

Markets have opened marginally higher with IT and select bank shares leading the gains in early trades. Some volatility is expected later in the session ahead of the RBI policy meet tomorrow.

At 9:35AM, the 30-share Sensex was up 64 points at 28,758 and the 50-share Nifty was up 20 points at 8,609.

Scaling a new peak, the total investor wealth in Indian stock market today hit a record high of Rs 100 trillion, marking a jump of ten times in little over a decade.

Measured in terms of total market capitalisation of all listed companies on the country’s biggest bourse BSE, the overall investor wealth in the Indian stock market rose to Rs 100.01 lakh crore in early morning trade at 1005 hours as benchmark Sensex soared by over 300 points in its continuing record rally.

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