a recovery in some Asian markets and a positive opening
by Europe, Indian indices remain under pressure. However,
they have recovered from the lows touched around noon.
is trading lower by 122 points at 10798 at 01.10 PM.
is trading lower by 34 points at 3163.
stocks continue to be weak in early afternoon trades.
Satyam remains the biggest loser among index stocks, with
losses of more than 3 per cent. TCS has lost nearly 2
Wipro and Satyam Computers are trading with losses of
around a per cent each.
stocks have lost ground in early afternoon trades. SAIL
is the worst performer and is trading more than 3 per
cent lower. Tata Steel and Hindalco have lost nearly 2
per cent each.
Industries is still down more than a per cent while ONGC
has slipped further and is now trading close to a per
remains weak and is down more than 2.5 per cent while
Suzlon has lost over 2.5 per cent. ABB and BHEL are trading
with losses of nearly 1.5 per cent each.
Bank is the big loser among banking stocks, trading more
than 3 per cent lower. HDFC Bank has lost over a per cent.
OBC has lost 2.5 per cent and PNB is down 1.5 per cent.
Tele and Gail are the other major losers among index stocks.
is holding on to its gains of over a per cent and is still
the biggest gainer among index stocks. There are expectations
that the government may allow oil marketing companies
to raise prices once the price of Indian crude basket
cross $70 per barrel.
and HLL are trading with gains of close to 0.5 per cent
and small caps have also slipped once again after bouncing
back from early weakness. However, losses for smaller
stocks are considerably lower than the large caps.
mid-cap index is now trading with marginal losses of around
0.4 per cent. Market breadth on the NSE is negative with
nearly 2 stocks declining for every advancing stock.
Motors, Tata Coffee, Nicholas Piramal, HMT, GVK Power,
IFB Industries, Jindal Photofilms and Infoetch Enterprises
are among the major mid-cap gainers.
Breweries, BIL, Khaitan Electricals and Searle India are
the major mid-cap losers.