After hightened volatility in the last few trading sessions, the markets are seen moving sideways so far this morning. The Sensex has moved in a narrow band of 130-odd points. The index touched a low of 17,013, and a high of 17,155. The BSE benchmark index is now down 28 points at 17,102.
The NSE Nifty has declined eight points to 5,153.
Elsewhere in the world, the Asian markets are trading on a subdued note, awaiting cues from the European markets. The Hang Seng has shed 1% at 19,589. The Nikkei and Straits Times are down over 0.5% each. Shanghai Composite, however, has moved up around 0.7%.
Back home, the broader markets are also moving sideways, with the BSE Mid-cap and the small-cap indices down with marginal losses at 6,535 and 7,667, respectively.
Among the sectoral indices, the BSE realty, auto and IT indices have declined around 1% each.
Among individual stocks, HDFC and NTPC have rallied over 2% each to Rs 681 and Rs 179, respectively. Sun Pharma, Reliance and ITC are the other major gainers.
On the other hand, Tata Power has tumbled nearly 4% to Rs 1,129. Tata Motors has shed 2.5% at RS 824. Maruti, DLF, Bharti Airtel, ICICI Bank, Wipro, TCS and Mahindra & Mahindra are the other prominent loses among the Sensex 30 stocks.
The market breadth is negative - out of 2,528 stocks traded so far, 1,331 have declined and 1,090 have advanced on the BSE.
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