Markets are not able to bounce back after yesterday's
fall as global markets remain subdued. US indices closed
flat yesterday and Asian indices are mixed today. Japan
and South Korea, which were closed yesterday, are trading
with losses of over 1.5 per cent each.
opened at 10337 and went past 10400 before declining.
The index is trading lower by 7 points at 10286 at 11.10
opened at 3007 and touched a high of 3038. The index is
trading lower by just a point at 3006.
is the biggest gainer among index stocks, after declining
substantially over the last few sessions. The stock is
trading nearly 2 per cent higher while HDFC Bank has gained
over 0.5 per cent.
is seeing a mild recovery after yesterday's 7 per cent
fall and is trading more than a per cent higher. Among
other oil sector stocks, BPCL has gained over 1.5 per
cent while HPCL is trading with modest gains.
technology stocks, Satyam and Infosys have recovered with
gains of over a per cent each. TCS has gained 0.5 per
cent ahead if its results announcement today evening.
is another major gainer in early trades and has added
nearly 2 per cent. Sun Pharma is trading nearly a per
FMCG stocks, Tata Tea has added over a per cent while
HLL is trading nearly a per cent higher.
and M&M are the other gainers among index stocks.
Jet Airways, there seems to be no end to its free fall.
The stock is down another 3 per cent and is the biggest
loser among index stocks.
heavyweight Reliance Industries has lost 2.5 per cent
and is keeping the indices subdued.
has dropped further and is trading more than 1.5 per cent
Steel has lost close to 2 per cent while SAIL is trading
more than a per cent lower. Among aluminium stocks, Hindalco
is down over a per cent and Nalco has lost 0.5 per cent.
PSU banks, SBI and OBC have lost over a per cent each.
ICICI Bank has declined close to a per cent.
Power has lost over a per cent after ending as the only
gainer among index stocks yesterday.
HCL Technologies, Siemens and Grasim are the other major
losers among index stocks - all trading over a per cent
and small stocks are underperforming the large caps in
early trades. There is no buying interest in mid-caps
though no sell-off is visible either.
NSE mid-cap index is now trading with losses of around
0.75 per cent. BSE mid-cap and small-cap indices are also
trading with losses of around 0.7 per cent each.
Bharat Ferro Alloys, Adhunik Metals, United Western Bank,
CMC and Deccan Chronicle are among the major mid-cap gainers.
Industries, Repro India, Geometric Software, Bartronics,
Unitech, and Mid-Day are the major mid-cap losers.