Markets off day's low; breadth remains -ve

The markets have recovered further. The Nifty is now down just 44 points at 4,458, while the Sensex is at 15,081, down 110 points.

The market breadth continues to be marginally negative. Out of 2,587 stocks traded 1,324 have declined while 1,171 have advanced.
________________________________________________
(Updated at 1313 hrs)

The markets have recovered from the day's low.

The Nifty slipped to a low of 4,437. The index has now recovered partially and is at 4,470, down 32 points.

TCS has slipped 3.5% to Rs 483. GAIL, Suzlon and Sterlite are down 3% each at Rs 328, Rs 92 and Rs 592, respectively.

ACC has dropped 2.5% to Rs 824.

BHEL, Mahindra & Mahindra, Ambuja Cements, DLF, Tata Communications and Tata Power are the other major losers.

Meanwhile, Jindal Steel has surged 4% to Rs 2,777. Idea Cellular and Maruti Suzuki have added 2% each to Rs 77 and Rs 1,232, respectively.

SAIL and ABB are up marginally at Rs 171 and Rs 740, respectively.

On the BSE, the Sensex is down 142 points at 15,049.

Among the sectoral indices the BSE metal, power and IT indices are down over 1% each.

The market breadth continues to be negative,. Out of 2,540 stocks traded 1,369 have declined while 1,096 have advanced.