Markets have slipped in early afternoon trades after failing
to hold on to the gains built up in mid-morning trades.
Most Asian markets are modestly weak in afternoon trades
while Europe has opened with losses.
index is trading lower by 51 points at 12403 at 01.10
is now trading lower by 11 points at 3578.
has slipped further and remains the worst performer among
index stocks, trading nearly 2.5 per cent lower.
pharma stocks, Ranbaxy is down more than 2 per cent while
Cipla continues to trade with losses of nearly 1.5 per
technology stocks remain weak after a soft opening. Both
Infosys and Wirpo have lost close to 1.5 per cent each.
HLL has lost further ground and is now down more than
2 per cent.
engineering stocks, L&T has shed nearly 1.5 per cent
while BHEL has lost nearly a per cent.
other losers, Tata Power has lost close to 2 per cent
and Nalco has slipped more than a per cent.
marketing stocks have gained further after a positive
start. HPCL has added more than 2 per cent and BPCL is
trading nearly 1.5 per cent.
remains the best performer among index stocks, with gains
of over 3.5 per cent.
stocks are holding on to their gains with Bajaj Auto and
M&M trading with gains of around 1.5 per cent each.
stocks Reliance Communications and VSNL have come off
their highs and are trading with gains of close to a per
metals, SAIL has gained over a per cent and Hindalco is
trading nearly a per cent higher.
Energy is another gainer, trading nearly a per cent higher.
the uncertain trend in large caps, mid-caps and small
caps continue to do well. The NSE mid-cap index is now
trading with gains of over 0.20 per cent. BSE mid-cap
index is trading close to 0.50 per cent higher and the
small-cap index has gained more than 0.75 per cent. Market
breadth on the NSE remains positive with nearly 1.5 stocks
advancing for every declining stock.
Soft has gained further and is trading nearly 9 per cent
higher following the merger announcement with Megasoft.
Newsprint is locked in the 20-per cent upper circuit.
The stock had gained 20 per cent each on all days of the
Exports, Maharashtra Scooters, Shree Precoated Steel,
Numeric Power, Rajvir, FAG Bearing, Sesa Goa and Elecon
Engineering are among the major mid-cap gainers.
Securities, Dharani Sugar, Dynamatics Technologies, Educomp
and Indoco Remedies are the major mid-cap losers.