Indices remain volatile as the markets try to establish
a clear direction after yesterday's sharp fall. After
slipping nearly 0.75 per cent each before noon, the indices
recovered and moved back into positive territory before
Asian markets remain weak and Japan closed 0.5 per cent
lower. Europe has opened with modest losses.
is trading lower by 15 points at 11536 at 01.10 PM.
is now trading lower by 15 points at 3351. Nifty is underperforming
the Sensex because of the sharp fall in ONGC.
stocks have declined in afternoon trades. HPCL, one of
the best performers in recent weeks, is down over 3.5
per cent. BPCL has lost close to 2.5 per cent.
has slipped further after a weak start and is now down
more than 3 per cent. Gail India has lost close to 2.5
stocks remain weak in early afternoon trades as well.
Hindalco is the worst performer, with losses of nearly
4.5 per cent. Nalco is trading more than 2 per cent lower.
is the biggest loser among engineering stocks, trading
nearly 2.5 per cent lower. ABB has lost almost 2 per cent.
Power continues to trade with losses of nearly 2.5 per
is the other big loser, trading more than 2 per cent lower.
banking stocks are finding good interest. PNB has added
nearly 3 per cent while OBC is trading more than 2.5 per
cent higher. SBI has added nearly a per cent.
Tele remains the best performer among index stocks, with
gains of nearly 3.5 per cent.
stocks, which opened firm, have built on their strength.
TCS and HCL Tech have gained close to 1.5 per cent each
and Infosys is trading more than a per cent higher.
Honda has gained further and is now trading nearly 2 per
is trading more than a per cent higher.
and small caps have also come off their earlier lows.
The NSE mid-cap index is now trading with gains of 0.3
per cent. But the BSE mid-cap index is trading with losses
of over 0.3 per cent and the small-cap index is trading
with losses of over 0.7 per cent. Market breadth on the
NSE remains negative with more than 2 stocks declining
for every advancing stock
stocks HMT and ITI have made a come back after falling
yesterday. HMT has gained 10 per cent and ITI has added
5 per cent.
is still trading firm and has gained nearly 10.5 per cent.
Paper, VIP Industries, Blow Plast, Cinevistas Bindal Agro
and Ramco Systems are among the other major mid-cap gainers.
Labs, REI Agro, East India Hotels, JBM Auto, BSL, Mirza
International and Saksoft are the major mid-cap losers.