With no positive developments in the Asian market and the European markets openingin the red, the Indian markets continue to slide.The Sensex has hit a low of 17,819, down 196 points from the day's opening. The Sensex is down 175 points at 17,856 and the Nifty is at 5,360 shedding 54 points.The midcao index and the smallcap index is down 1.6% each while the benchmark index is down 1%.On the European front, CAC is down 1.3%, FTSE has shed 1.2% and DAX is down 0.6%.
On the BSE sectoral indices, the FMCG sector has rebounded and is up 0.1% in the positive while all the other indices continue to be in the red.Consumer Durables had the biggest falland is down 2.3% along with Realty down 2.6% and Oil & Gas down 2%. IT and Teck has pared some of its initial losses and has inched forward on the chart. Auto too pared most of its gains. Infosys, Mphasis and Wipro marginally in the red are the majot movers in the IT space.
The gainers on the Sensex are Mahindra & Mahindra up 0.6%, ITC and Maruti Suzuki adding 0.5% each and Hindustan Unilever gaining 0.06% complete the list.
Jaiprakash Associates continue to be the major loser along with Hero Honda and Reliance Communications down 3.5% each. RIL and DLF shedding nearly 3% followed by Jindal Steel, Hindalco and Tata Steel are the other prominent losers.
Market breadth continues to be very negative. 2198 stocks have declined while 595 have advanced on the BSE.
