The markets slipped to register a new intra-day low of 17,884 but recoevred shortly after the fall. There wsa no improvement in the Asian markets either. Hang Seng is down 1% at 20,513 while the Nikkei is at 8,893, shedding nearly 3%. The Sensex is down 121 points at 17,911 and the Nifty is at 5,378 losing 36 points. The smallcap index is down 0.7% and the midcap index and the benchmark index are down 0.6% each.
Among the sectoral indices on the BSE, FMCG up 0.2% continues to lead followed by Health Care which is uo 0.1%. Meanwhile, the Auto index has pared some og its initial losses and is flat. Oil & Gas has extended its losses to continue at the bottom of the charts, down 1.6% . The other major loser is the Realty index down 1.3%. The draggers in the Oil & Gas space are RIL down nearly 3% followed by Aban Offshore and Gail India down 1% each.In the realty space,HDIL, Peninsula Land and D B Realty shedding 2% each are the major draggers.
Tata Motors and Mahindra & Mahindra up 1% each are the major gainers on the Sensex. Bharti Airtel, Cipla,ICICI Bank and ITC up 0.3% - 0.6% round up the list.
Market heavyweight RIL and Jaiprakash Associates down nearly 3% are the top losers on the Sensex.Reliance Communications, Jindal Steel, DLF down nearly 2% eachare the other major losers.
The market breadth continues to be negative. 1813 stocks have declined while 773 have advanced.
