Markets trade lacklustre

Lacklustre trades continue on the Indian bourses on back of the selling pressure in banking, realty, healthcare, consumer durables and the FMCG stocks.

The BSE benchmark index- sensex has shed 20 points at 19,788 and the S&P CNX nifty is at 5933 down 10 points.

DLF is the top loser among the sensex stocks trading lower by 2.4% at Rs 286, ICICI Bank, State Bank of India, HDFC Bank, Bajaj Auto and  Maruti Suzuki are also trading lower by more than 1% each. On the other hand Reliance Communication is the top gainer trading at Rs 131 up 2.34%, Infosys, Tata Motors, TCS and Sterlite Industries are the significant gainers up more than 1% each.

Meanwhile, on the sectoral charts the BSE Banking index- Bankex is down 1.56% or 205 points at 12,934, BSE Realty index has shed 1.46% or 41 points at 2803, healthcare, consumer durables, and FMCG indices are also in the red, down more than 0.2% each.

The BSE IT index is up 1.09% or 68 points at 6371. The oil & gas index is up on back of the fuel price hike anounced by the oil marketing companies. Auto index is also trading higher by more than 0.24%.

ICICI Bank, State Bank of India, HDFC Bank, Punjab National Bank and Kotak Mahindra Bank are the top losers among the banking stocks down more than 1.55% each. Indiabulls Real Estate, DLF, Sunteck Realty, HDIL and Phoenix Mills are the top realty index losers down more than 1% each.

Among the IT stocks Patni Computers is the top gainer trading higher by 5% at Rs 484 on reports of promoters looking to sell 45% stake in the company. Infosys, Core Projects, TCS and Tech Mahindra are also trading higher. State run Bharat Petroleum is up 5.4% at Rs 710, Hindustan Petroleum is up 4.85% at Rs 421, Indian Oil Corporation, Reliance Industries Oil India and Cairn India are also trading higher by more than 0.44% each.

The broader markets are witnessing mild profit booking, the BSE mid-cap index is down 10 points or 0.13% at 7641 and the small-cap index is down 14 points at 9268.

Money Matters Financial Services, Shree Ashtvinayaka Cine Vision, Indian Metals and Ferro Alloys, Bajaj Electricals and Shipping Corporation are among the top mid-cap losers. Prraneta Industries leads the small-cap losers charts down 6% at Rs 66 followed by SE Investments, Sandur Manganese, Midfield industries and Sujana Towers.