The Indian markets continue to languish in the red and the Sensex is now at 17, 592, down 50 points. The NSE Nifty is at 5,258, down 16 points.
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(Updated at 1053hrs)
Markets have been volatile in a narrow band since morning and have now dropped to the day's low.
The Sensex after touching a high of 17,665, dropped 71 points from there to a low of 17,594. The index is now down 22 points at 17,619.
The Nifty is down nine points at 5,267.
IT stocks have dropped. The IT index is down 0.73% at 5,394. However, the consumer durables, PSU and metal indices are up in green this morning.
ACC has shed 3% at Rs 955. Hero Honda and Mahindra & Mahindra have slipped 1.5% each to Rs 1,669 and Rs 1,162, respectively.
HDFC has dropped 1.4% to Rs 2,521. ONGC, TCS, Wipro, DLF and Grasim have declined aroudn 1% each.
On the other hand, Reliance Infrastructure has gained 1.6% at Rs 1,147. Sterlite and BHEL have added over 1% to Rs 878 and Rs 2,403, respectively.
Tata Motors and Tata Power are up around 1% each.
The BSE market breadth is positive. Out of 2,682 stocks traded, 1,578 have advanced while 1,024 have declined.
