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Markets
have recovered marginally in early afternoon trades, helped
by recovery in auto stocks. European markets have also
opened with losses and most major indices are down more
than 2 per cent each.
Sensex
is trading lower by 366 points at 9391 at 01.10 PM.
Nifty
is trading lower by 110 points at 2750.
Dabur
is now the biggest loser among index stocks, trading nearly
11.5 per cent lower. HLL has slipped further and is now
down 9.5 per cent while ITC is trading 3 per cent lower.
ONGC
has recovered from its lows and is now down only 2.5 per
cent. Reliance Industries continue to trade more than
5.5 per cent lower.
HCL
Technologies has recovered from its lows but is still
down 7 per cent. TCS is down 3.5 per cent while Wipro
and Infosys have lost 3 per cent each. Satyam is down
2 per cent.
Jet
Airways has also lost further ground and has lost nearly
10 per cent.
Reliance
Energy is also down 10 per cent while Tata Power has lost
nearly 8.5 per cent.
Among
metals, Tata Steel is trading lower by 4.5 per cent while
SAIL is down 3.5 per cent.
OBC
is the biggest loser among banking stocks, trading 10
per cent lower. HDFC Bank is down 5 per cent while ICICI
Bank has given up over 3 per cent. SBI is trading lower
by 3.5 per cent.
Among
telecom stocks, Reliance Communication is down a massive
12 per cent while VSNL has lost almost 8 per cent. Bharti
has slipped 3.5 per cent.
There
are 3 gainers among Nifty stocks. SCI is continuing the
up trend from yesterday and is up 1.5 per cent.
Hero
Honda has added 0.5 per cent while ACC is trading with
marginal gains.
Though
the large caps have fallen further, mid-caps and small
caps have made a marginal recovery from their lows. The
mid-cap index is now trading with losses of over 9.3 per
cent, after declining more than 11.5 per cent at one point.
The BSE Small cap index is trading 8.5 per cent lower.
There are only a handful of stocks on the NSE which are
trading with gains.
Jindal
Steel, REI Agro, Ramkrishna Forge, BRFL, Alps Industries,
Nectar Life, KEI Industries and India Bulls continue to
be locked in the 20 per cent lower circuit.
Some
of the beaten down stocks like Bajaj Hindustan and Sesa
Goa have bounced back into the green.
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