The markets continue to trade in the red zone with the Sensex down 16 points at 19,680 while the Nifty lost six points at 5,897. In the morning trades the BSEbenchmark index had touched a low of 19,603 but swiftly pared its losses to briefly peep into the green range.
In the broader markets, the indices have pared some of its initial losses but continue to trade in the negative. The small-cap and the mid-cap indices is down 1% each and continues to underperform the benchmark index, down 0.09%
On the BSE sectoral charts, IT has advanced to lead the sectoral pack gaining 1% followed by Oil & Gas and Capital Goods. On the other hand, Consumer Durables has slipped furthuer down 2% followed by Realty and Health Care losing 1% each.
The gainers in the Sensex-30 stocks are TCS, Infosys, Jaiprakash Associates and Wipro up 1% each. Market heavy weight Reliance, Hero Honda and ICICI Bank adding 0.9% each are the other noteable gainers.
Reliance Communications down 3% continues to be the top loser on the Sensex followed by HDFC losing 2%, Sterlite, Reliance Infrastructure, Bajaj Auto, SBI, Maruti Suzuki, Hindalco, Mahindra & Mahindra and Cipla shedding 1%.
The market breadth is very negative. 1710 stocks have declined as comapred to 675 advances.
