Markets have recovered and is trading in the positive now. The Sensex is up 11 points at 17,178. The Nifty is flat at 5,136.
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(Updated at 1211 hrs)
Global markets continue to affect Indian markets. The Sensex opened today on a subdued note and dropped further to a low of 17,061. The index is now down 65 points at 17,101.
The Nifty is down 24 points at 5,113.
The BSE capital goods index has dropped 1.3% at 13,607. The bankex, realty and PSU indices have also slipped. However, FMCG index is up 1% at 2,818.
Reliance Infrastructure has dropped 2.6% to Rs 972. ICICI Bank has dropped 2% to Rs 919.
Auto stocks are down. Mahindra & Mahindra and Maruti Suzuki have slipped 1.8% each to Rs 1,116 and Rs 981, respectively.
ACC is down 1.7% at Rs 981. Sun Pharma, SBI, ONGC and DLF have dropped around 1.5% each.
The other losers in the index are HDFC, Larsen & Toubro and Sterlite.
However, FMCG major, Hindustan Unilever has gained 3% at Rs 226. Wipro has added 1.6% to Rs 721. TCS is up 1% at Rs 806.
Reliance Communications, Tata Steel and Hindalco have also moved in green.
The BSE market breadth is fairly negative. Out of 2,663 stocks traded, 1,688 have declined while 879 have advanced.
