Markets opened firm, but have slipped into the red mostly
on weakness in heavyweight ONGC. Other Asian markets are
trading firm, except Japan, on the sustained rally in
US markets and the sharp fall in crude oil prices
opened at 13678, which is a new lifetime high, before
declining to a low of 13443. The index is trading lower
by 34 points at 13472 at 11.10 AM.
opened at 3877 and saw a high of 3892 before slipping.
The index is now trading lower by 15 points at 3862.
has slumped nearly 2.5 per cent on lower crude oil prices
and is the main reason for the weakness in indices.
Reddy's is the major loser among index stocks, down nearly
6 per cent. Glaxo has shed another per cent, continuing
the down trend.
stocks Gujarat Ambuja and ACC have alost around 1.5 per
cent each after yesterday's rally.
stocks have lost further ground. HLL is down 1.5 per cent
while Dabur has lost more than a per cent.
banks, PNB has lost nearly 2 per cent after the sustained
rally over the last few days.
Honda is another major loser, down more than 2 per cent.
has corrected further and is down nearly 1.5 per cent.
marketing stocks have soared as expected after the steep
fall in crude oil prices. HPCL is the best performer among
index stocks with gains of nearly 5.5 per cent. BPCL has
rallied close to 4 per cent while Indian Oil is trading
well over 4 per cent higher.
stocks are doing well, led by L&T which has gained
nearly 2 per cent. Siemens and BHEL have gained around
a per cent each.
Airways is continuing the rally and has added another
1.5 per cent.
is another major gainer, trading more than 2.5 per cent
utility stocks Reliance Energy and Tata Power have added
over a per cent each.
Airtel is trading with gains of nearly 1.5 per cent.
and small caps are under heavy pressure in early trades,
as they continue their under-performance as compared to
large caps. Many prominent mid-caps are seeing profit
NSE mid-cap index is now trading with losses of close
to 0.85 per cent. BSE mid-cap has lost 0.75 per cent and
the small-cap index is trading with losses of nearly per
cent. Market breadth on the NSE is very negative in early
trades with more than 3 stocks declining for every advancing
Aviation has rallied another 6 per cent on lower crude
oil prices. The company said it expects to be profitable
in the next one year.
Vilas Bank, Hitachi Home, Aksh Optifibre, Khaitan Limited
and Atlanta are among the major mid-cap gainers.
stocks remain under pressure today as well. Oudh Sugar,
KCP Sugar and Dharani Sugar are among the biggest losers.
Hitech Gears, Hindustan Dorr Oliver and SIL are the major