The lowering of trading margins by nearly 50 per cent
did not help the markets in opening trades. Weakness across
all Asian markets and a further decline in international
metal prices made a recovery from yesterday's decline
indices declined close to 3 per cent each before pulling
back. After some volatility, some of the bigger stocks
stabilised and helped the markets to recover a significant
part of their early losses.
opened at 10521 and declined to 10275 before recovering.
The index is trading lower by 93 points at 10480 at 11.10
opened at 3115, declined to a low of 3013 before recovering.
The index is trading lower by 24 points at 3091.
utility stocks have come under further pressure today,
continuing the trend from yesterday. Reliance Energy is
the biggest loser among index stocks, trading nearly 4.5
per cent lower. Tata Power is trading nearly 3.5 per cent
stocks are weak following the decline in international
metal prices. SAIL has given up close to 4 per cent while
Tata Steel has recovered and is trading around 1.5 per
non-ferrous metal stocks, Sterlite has shed more than
4 per cent. Nalco is trading more than 2.5 per cent lower
while Hindalco has given up nearly a per cent.
auto stocks continue to be weak today as well. Tata Motors
has given up nearly 3.5 per cent while M&M is trading
over 3 per cent lower. Maruti has lost nearly a per cent.
2-wheelers, Bajaj Auto has given up over 2.5 per cent.
stocks are showing no signs of a recovery. BHEL is trading
more than 3 per cent lower while L&T has lost nearly
3 per cent. ABB and Siemens are also trading lower.
is the biggest loser among FMCG stocks, trading nearly
4 per cent lower. Tata Tea has lost nearly 3 per cent.
Technologies, Bharti Airtel, Infosys and HDFC Bank are
the other losers.
can be expected, there were very few gainers among index
stocks in early trades. At one point, all the 50 Nifty
stocks were down in the red.
one of the big losers in recent sessions, has added more
than 2.5 per cent and is the biggest gainer among index
stocks. Zee Tele has recovered from yesterday's fall and
is trading more than 2.5 per cent higher.
ONGC and Reliance Industries have recovered from the lows
and are trading with modest gains of over 0.5 per cent
PNB, Wipro, HLL and Hero Honda are the other gainers.
are doing worse than the frontline stocks. The index slumped
more than 2 per cent and is now trading with losses of
1.7 per cent. Market breadth on the NSE and is highly
negative with more than 6 stocks declining for every advancing
Unitech, HMT, Thermax and Soma Textiles are among the
gainers in mid-caps.
JRD, Celebrity Fashions, Subros and Sintex are among the