Sensex slips 26 points

08 May 2007

Frontline Indian indexes have shed all their early gains and have slipped into the red. Weakness in technology stocks and heavyweights like ONGC has pulled them down, despite the positive trend in metals and cement. Most other Asian markets remain weak while Europe has opened lower.

Sensex is trading lower by 26 points at 13853 at 01.10 PM IST.

Nifty is now trading lower by 9 points at 4102.

Technology stocks have slipped further after opening weak following the decline in ADR prices yesterday. Infosys is down more than 1.5 per cent while HCL Tech is trading over a per cent lower.

Hero Honda remains the worst performing Nifty stock with losses of well over 3 per cent.