After declining nearly 3 per cent each in early trades,
the indices recovered smartly and managed to claw back
into the green by early afternoon. But disappointing results
from SAIL and further decline in international metal prices
have led to another decline.
is trading lower by 148 points at 10425 at 01.10 PM.
is trading lower by 39 points at 3077.
stocks continue to be among the worst hit in early afternoon
trades. M&M, one of the worst performers yesterday,
is now trading more than 4.5 per cent lower. Tata Motors
has lost nearly 3.5 per cent while Maruti has lost over
1.5 per cent.
2-wheelers, Bajaj Auto has slipped nearly 4 per cent while
Hero Honda has lost almost all its gains.
Bank is still unable to recover from its lows and is trading
nearly 4.5 per cent lower. SBI has shed nearly 2.5 per
cent while ICICI Bank is trading nearly 1.5 per cent lower.
is the biggest loser among index stocks, trading nearly
5.5 per cent lower.
stocks also continue to be weak as international metal
prices are showing no signs of recovery. Nalco is trading
over 3.5 per cent lower while Hindalco has given up over
1.5 per cent. Copper maker Sterlite is trading nearly
4 per cent lower.
slipped after its Q4 results were worse than expectations
and is now trading more than 3.5 per cent lower. Tata
Steel has bucked the trend and is holding on to its gains
of over 1.5 per cent.
and BHEL are trading more than 3 per cent lower while
Siemens has given up over 1.5 per cent. L&T, which
said it would consider a bonus issue, shot up only to
decline later and is trading more than a per cent lower.
Technologies is the biggest loser among technology stocks
and has shed more than 4.5 per cent. Infosys is down over
1.5 per cent while TCS and Satyam are also trading lower.
has slipped nearly 4 per cent while HLL has given up 2
per cent. ITC is trading a per cent lower.
has built on its mid-morning strength and is now trading
nearly 2 per cent higher. Reliance Industries is trading
with marginal gains.
is holding on to its gains of over 3 per cent while Zee
is still up by over 2 per cent.
Pharma is the biggest gainer among index stocks, having
added nearly 6.5 per cent.
and ACC are among the other gainers.
are still not able to recover substantially from their
lows. Even when the frontline indices pulled back into
the green, the mid-cap index was trading more than a per
cent lower. The index is now
trading with losses of around 1.5 per cent. Market breadth
on the NSE continues to be highly negative with more than
4 stocks declining for every advancing stock.
Spinning, Classic Diamonds, Mastek, GNFC, Unitech and
Mahindra Gesco are among the gainers in mid-caps.
JRD, Bajaj Hindustan, Gammon India and Sintex are among
the mid-cap losers.