Market sinks in afternoon trading. Nifty 50 was trading at 11430.80 (-81.6, -0.7%) , BSE Sensex was trading at 38516.74 (-305.8, -0.8%) while the broader Nifty 500 was trading at 9308.75 (-86.9, -0.9%)

Market breadth is moving down. Of the 1632 stocks traded today, 325 showed gains, and 1238 showed losses.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (5.95, 5.31%), HCL Technologies Ltd. (1092.00, 4.89%) and HDFC Life Insurance Company Ltd. (600.40, 3.11%).

Downers:

Largecap and midcap losers today include Indiabulls Housing Finance Ltd. (269.15, -31.00%), Indiabulls Ventures Ltd. (123.85, -19.99%) and YES Bank Ltd. (43.00, -11.79%).

BSE 500: highs, lows and moving averages

9 stocks took off, crossing 52 week highs, while 32 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (4055.30, -0.05%), Bajaj Finserv Ltd. (8502.95, -0.55%) and Berger Paints (India) Ltd. (437.15, -0.97%).

Stocks making new 52 weeks lows included - Allahabad Bank (28.90, -2.36%) and Canara Bank (181.90, -4.06%).

8 stocks climbed above their 200 day SMA including Sonata Software Ltd. (333.70, 9.57%) and HCL Technologies Ltd. (1092.00, 4.89%). 23 stocks slipped below their 200 SMA including IndusInd Bank Ltd. (1384.70, -6.49%) and Orient Cement Ltd. (87.50, -5.56%).