After a decent opening, the markets have spiralled down to touch a low of 20,113 and continue to trade around the same levels. The Nifty
too has slipped into the negative and is trading at 6,067 down eight points. In the broader markets, the midcap index has inched ahead and is up 1% while the smallcap index is stable at 0.6%. The benchmark index continues to underperform at 0.15 in the negative.
In the midcap index, 227 stocks have advanced while 57 have declined. The movers here are Biocon up nearly 10%, ING Vysya Bank gaining 8% and Motilal Oswal adding 6%. 389 scrips have headed north while 127 have moved south in the smallcap space.Steel Strip Wheels,
Jagatjit Industries up 10% each, JK Cement gaining nearly 9%, Gemini Communication,Hanung Toys,and Jai Balaji Industries adding nearly 7% each are the top gainers here.
Among the sectoral indices, Heath Care leads athe pack at 0.9% followed by Oil & Gas, Consumer Durables and Auto.However, there is no improvement in the indices trading in the red. IT has extended its losses and is down 1% followed by FMCG.
Gainers (BSE): Cipla, Bharti Airtel, Sterlite and market heavy weight RIL is up 1% followed by ICICI Bank, Hero Honda, ACC and Reliance Infrastructure adding 0.6%-0.8%.
Losers (BSE): Infosys down nearly 2% is the top loser followed by TCS, Hindalco,ITC, Wipro, NTPC and Hindustan Unilever shedding 1% each.
The market breadth continues to be positive. 1584 stocks have advanced while 820 have declined.