Nifty breaks 5K in early trades

The markets opened on a negative note tracking extremely weak cues from the Asian markets. The Hang Seng and Nikkei have declined 2% each. Global markets are worried about the Euro fallout following the Greece crisis.

The Sensex slipped further into the red owing to weakness in the realty, metal and IT stocks. The Sensex is now at 16,670, down 331 points. The NSE Nifty is 93 points down at 4,999.

Among the Sensex-30 stocks, Jaiprakash Associates is the major loser, down 3% at Rs 126. The other major losers are ACC and Reliance Infrastrcuture, down 2.5% each on the BSE. Metal stocks like Tata Steel, Sterlite and Hindalco Industries have declined 2% each to Rs 535, Rs 685 and Rs 160,respectively.

DLF, Mahindra & Mahindra, ICICI Bank, Reliance Industries and SBI are down 1-2% each on the BSE.

There are no gainers on the Sensex-30 stocks now.

All the sectoral indices are in red and realty and metal indices are down over 2.5% each on the BSE.

DLF and Unitech are the major losers on the realty index, which is down 4%