Indices have declined in early afternoon trades after
attempting a recovery in mid-morning trades. Technology
stocks are among the worst hit, following the decline
in ADR prices in the US markets yesterday. Asian markets
continue to trade with substantial losses and Europe has
also opened with considerable losses.
is trading lower by 52 points at 12222 at 01.10 PM.
is now trading lower by 14 points at 3539.
Computers is still the worst performer among index stocks,
with losses of over 2 per cent. TCS has lost nearly 1.5
per cent while Infosys is still trading nearly a per cent
marketing stocks remain weak as oil prices have recovered
modestly. HPCL is down nearly 2 per cent and BPCL has
lost close to 1.5 per cent.
Bank has lost further ground and is now down nearly 2
is another loser in early afternoon trades, having lost
nearly 2 per cent.
remains weak with losses of 1.5 per cent.
and Dr. Reddy's are the other major losers among index
Airways remains the best performer among index stocks
and is holding on to gains of close to 3 per cent.
stocks remain firm, led by Grasim which is up more than
2 per cent. Gujarat Ambuja Cements has added nearly a
per cent while ACC is holding on to gains of over 0.5
Industries is also holding on to gains of nearly a per
cent. Gail India has gained more than 2 per cent.
Auto, Bharti, Tata Power and Siemens are the other major
and small caps have also given up all their early gains
and have slipped into the red. The NSE mid-cap index is
now trading with losses of nearly 0.3 per cent. BSE mid-cap
index has lost 0.35 per cent and the small-cap index has
given up nearly 0.2 per cent. Market breadth on the NSE
Orient Abrasives, Dredging Corp, Alps Industries, Bindal
Agro, Tulip IT, TCI, Sandesh and Century Ply are among
the major mid-cap gainers.
Biotech, Vaibhav Gems, GM Breweries, Dynamatics Technologies,
Nagreeka Exports, Crest Animations, Unitech, Mirza International,
Schenectady Herdillia are the major mid-cap losers.