)
Markets have recovered from day lows owing to the gains in metal and IT pockets. At 1315 hrs, the Sensex was down 160 points at 19,755 and the Nifty was down 48 points at 5,858.
Earlier in the day, the Sensex had touched a low of 19,647 and the Nifty has slipped to the levels of 5,825.
__________________________
(Updated at 1300 hrs)
Markets continue to reel under the selling pressure with the benchmark indices down 1% each in the noon trades. The ones weighing on the indices were financials, Reliance Industries, ITC and L&T.
At 1300 hrs, the Sensex was down 192 points at 19,725 and the Nifty slipped 59 points to trade at 5,848.
However, there was some buying In the broader markets. The smallcap index was up 03% and the midcap index was up 0.1%, both outperforming the BSE benchmark index which was down 1%.
On the sectoral front, Health Care, Metal, IT and Teck were the only indices in the green, up 0.3-0.7%.
Meanwhile, Bankex index down nearly 3% was the top loser followed by PSU, Oil & Gas, Realty, Capital Goods, Auto, Consumer Durables, Power and FMCG indices were down 0.5-1%.
The gainers among the Sensex-30 were metal names like Hindalco up 3.5%, Tata Steel and Jindal Steel up 1.5-2%.
Hindustan Unilever, Cipla, BHEL, Dr Reddys Lab, TCS and Sun Pharma up 0.5-1% were the other notable gainers.
ICICI Bank, HDFC Bank and HDFC down 2-3% were the major losers. Coal India, L&T, RIL, SBI and Tata Motors down 1.5-3% were the other prominent losers.
The market breadth was negative. 1,053 stocks declined while 955 stocks advanced on the BSE.
In Asia, stocks were under pressure as politicians in Washington showed no signs of making progress to resolve the U.S. budget standoff, while safe-haven gold inched higher.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%. Its 12-month forward price-to-earnings ratio stood at 11.8 as of last week, below a 10-year average of 12.4, Thomson Reuters Datastream data showed.
Japan's Nikkei share average dropped 1%, hitting a one-month low and extending last week's 5% tumble - its biggest weekly fall since early August.
