Indices have slipped further after the morning weakness
as some of the gainers in early trades have lost ground.
Asian indices remain weak while Europe has opened lower.
is trading lower by 80 points at 12848 at 01.10 PM.
is now trading lower by 21 points at 3703.
marketing stocks remain weak in afternoon trades as well.
HPCL is the worst performer with losses of over 2.5 per
cent. BPCL is down nearly 1.5 per cent.
India has lost ground in afternoon trades and is down
nearly 2 per cent.
has lost further ground and is trading more than 1.5 per
cent lower. TCS has slipped over a per cent.
are reports that Tata Sons has sold nearly a per cent
stake in TCS to part-finance Tata Steel's bid for European
steel maker Corus.
remains weak by more than 2 per cent and Dabur is trading
well over a per cent lower.
is a major loser in early afternoon trades and has lost
nearly 2.5 per cent.
remains weak by more than 2 per cent following the decision
to cut home loan interest rates.
is the other loser, down nearly 1.5 per cent.
Tech, which announced good results yesterday, remains
the best performer with gains of 2.5 per cent. Satyam
is holding on to gains of close to 2.5 per cent in anticipation
of good numbers.
metals, SAIL has moved up further and is trading nearly
1.5 per cent higher. Tata Steel and Hindalco have declined
from early highs and are trading with modest gains.
engineering stocks, BHEL has gained over a per cent and
Siemens is trading more than 0.5 per cent higher.
stocks Bajaj Auto and Hero Honda are trading 0.5 per cent
banking stocks have given up most of their gains with
only SBI holding nearly 0.5 per cent higher.
and small caps have also lost ground after the subdued
opening. The NSE mid-cap index is now trading with losses
of 0.25 per cent. BSE mid-cap index is down 0.15 per cent
and the small-cap index has lost 0.4 per cent. Market
breadth on the NSE remains negative.
mid-cap IT stocks continue to attract good interest, helped
by the good results from large IT companies. Vakranjee
Software remains locked in the 10 per cent upper circuit
while Subex Azure has added over 7.5 per cent. Onward
Technologies and Aztec Software are trading with gains
of 6.5 per cent each.
Deccan has initiated a fresh up move and has added 9.5
Binani Industries, McDowell, BPL and Selan Oil Exploration
are among the major mid-cap gainers.
Maruti, Apar Industries, Lumax Auto, Quintegra, Godrej
Industries, Sanghi Industries, GKW, ING Vysya and Cinevistas
are the major mid-cap losers.