After a short stint in the green, the Nifty has slipped below the 6,000 mark once again and is currently down 18 points at 5,969. The Sensex too continues to trade below the psychological 20,000 mark.Losing 27 points the Sensex is at 19,837.
With not much changes, the broader markets continue to trade in the red. The smallcap and the midcap index is down 1% each and continues to under perform in comparison to the benchmark index at 0.1% in the negative.
On the Asian front, the indices have closed on a mixed note. Hang Seng and Nikkei closed nearly 2% high while the Shanghai Composite added 0.9%. This turn around after a few sessions of negative trading was because of the European officials seeking a way to fix debt crisis and China appearing poised to cool rising food prices.
The European indices continue to trade in the green. CAC is trading up 2% while DAX and FTSE have gained 0.5% each.
Among the sectoral indices on the BSE, Realty index plunged futher down 3% followed by Bankex and Consumer Durables losing 2% each. On the brighter side, Metal index up 0.6% leads the pack. IT, Auto , Health Care, Capital Goods and FMCG are the other indices in the positive.
Hero Honda up 5%, Cipla, Bharti Airtel gaining 3% ecah are the top gainers in the Sensex -30 stocks. Hindalco, Tata Steel, HDFC, Sterlite, Maruti Suzuki and NTPC adding 1% -2% are the other significant gainers.
On the losers list are Reliance Communications down 6% following the CAG report followed by ICICI Bank, ONGC, HDFC Bank shedding 2% - 3%.
The BSE market breadth continue to be negative. 2149 stocks declines as against 787 advances.
