The markets slipped into the red on back of selling pressure visible in consumer durables, auto, oil & gas and healthcare stocks. The Sensex was down 37 points at 18,809 and the Nifty had shed 13 points at 5634.
Bharti Airtel, Maruti Suzuki, HUL, Reliance Industries, Tata Steel, Cipla, Mahindra & Mahindra, Jindal Steel and Tata Motors were among the prominent losers, lower by 0.4-2.5% each. On the other hand DLF, Hindalco, Reliance Communication, Sterlite Industries, Infosys, ONGC and Reliance Infrastructure were among the top gainers on the Sensex, up 1.4-3% each.
Meanwhile, on the sectoral front BSE Consumer Durables index continued to remain as the top loser. Auto, oil & gas, banking, healthcare and capital goods stocks also witnessed the selling pressure. The indices were trading lower by 0.2-0.5% each. At the same time the realty stocks continued to witness the buying in trades so far. The BSE Realty index surged nearly 2% or 40 points to 2060. IT index gained 0.7% to 6141. FMCG, PSU, power, teck and metal stocks also witnessed some buying.
Videocon was the top loser among the consumer durable stocks. The stock slipped 8% to Rs 199. It was followed by Gitanjali Gems, Titan Industries and VIP Industries. Among the auto stocksMaruti Suzuki, Amtek Auto, Mahindra & Mahindra, Bharat Forge and Ashok Leyland were the top losers.
The broader markets outperformed the benchmark indices. The BSE mid-cap index was up 0.44% at 6884 and the small-cap index advanced 0.6% to 8203.
Overall breadth continues to remain positive as 1531 stocks were advancing while 963 stocks were declining.
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