The Sensex is now quoting at 17526, weaker by 61 points and the Nifty is at 5246, down 16 points.
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(Updated at 1434pm)
The attempts at a recovery proved to be short-lived. The markets have slipped into the red again, dragged by FMCG and IT stocks. The Sensex is now quoting at 17539, weaker by 51 points and the Nifty is at 5245, down 15 points.
The losers on the Sensex are ITC (weakened by 2.5% at Rs 262), BHEL (shed 1.4% at Rs 2374) and Hindalco (lost 1.3% at Rs 181). TCS, Infosys and Hindustan Unilever are the other significant losers. And Index bellweather Reliance Industries is down nearly 1% at Rs 1078.
HDFC continues to head the gainers list and is now up 2.4% at Rs 2702. NTPC has appreciated by 2% at Rs 207 and Reliance Infra has added 1.3% at Rs 1007.
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The market breadth is positive though. Out of 2801 stocks traded on the BSE, there are 1551 advancing stocks as against 1160 declines.