Markets continue its downward trend into the last hour of trading. The Sensex is at day's low at 20,442 while the Nifty shed 60 points at 6.173. The broader markets too are in the red. The smallcap and the midcap has shed 0.3% each as the benchmatk index continues to underperform at 1% in the negative.
Among the sectoral indices, Metal and IT up 0.5% and 0.4% continues to lead the pack followed by Teck. All the other indices are in the red. Capital Goods down 2% is the biggest loser on the sectoral chart.
Gainers (BSE): Tata Steel, Wipro and Infosys up nearly 1% each are the top gainers followed by Tata Motors, Jindal Steel gaining 0.3% and 0.05% respectively.
Losers (BSE): L&T, Reliance Communications, Mahindra & Mahindra and NTPC down 3% each are the top losers.
Market breadth negative. 1932 stocks have declined while 1071 have advanced.