The fight between bulls and bears continue, as the market stage yet another partial recovery. The Sensex which had slipped over 200 points some time back, has recovered now and is down 160 points at 16,176. The NSE Nifty is down 57 points at 5,092.
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(Updated at 1323 hrs)
The Sensex attempted a marginal recovery around noon trades but has again now slipped deeper into the red owing to weakness in metal and realty stocks. The index is now at 16,941, down 195 points. The NSE Nifty is 65 points down at 5,081.
Among the Sensex-30 stocks, metal scrips like Jaiprakash Associates and Sterlite have declined over 5% each to Rs 132 and Rs 737, respectively.
The other major losers are Reliance Infrastructure, HDFC Bank, Larsen & Toubro and Tata Steel have declined 2-3% each on the BSE.
While, Mahindra & Mahindra and Bharti Airtel have added 1.5% each to Rs 525 and Rs 294, respectively.
The market breadth continues to remain extremely negative, out of 2,830 shares traded, 2,050 have declined and 700 have advanced so far on the BSE.
The BSE midcap and the smallcap indices are down 1% each on the BSE.
The metal index has declined 3% to 16,150 and the realty index has slipped 2%, respectively.
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