The markets continued to trade with the negative bias but managed to recover some marginal losses. The Sensex was down 100 points at 20,398 and Nifty was at 6107 lower by 38 points.
Most of the Asian markets ended the day on a negative note. Nikkei ended the day at 10,380 down 17 points, Taiwan ended lower by 150 points at 8846, Shanghai closed at 2838 lower by 14 points, however Hang Seng was trading higher by 71 points at 23,739.
Meanwhile the European markets had also opened in the red, German DAX opened lower by 13 points at 6965, CAC opened lower by 0.34% or 14 points at 3901 and FTSE opened marginally lower by 0.03% or 1 point at 6012
-------------------------------------------------------------------------------------
(Updated at 12.30)
Markets continued to trade in the negative zone on back of selling pressure vissible in banking, capital goods and realty stocks. The Sensex was down 136 points at 20,361 and Nifty was lower by 50 points at 6095.
ICICI Bank was the top loser on the Sensex, the stock was trading lower by more than 2.6% at Rs 1074. Bajaj Auto, Sterlite Industries, HDFC, DLF, and Hero Honda were among the losers, down more than 1.3% each. On the other hand Hindalco Industries, Tata Power, J P Associates, TCS, and Reliance Industries were significant gainers.
BSE Banking index- Bankex was the top sectoral loser consecutively for the second day, the index was down 246 points or 1.88% at 12,874. Capital Goods index was trading lower by more than 1% or 155 points at 15,290. Realty, auto, PSU, metal, power and IT indices were also trading in the red. While Healthcare, oil & gas, FMCG and consumer durable stocks witnessed some buying. The BSE healthcare index was the top gainer on the sectoral front, the index added 0.28% or 18 points at 6840, oil & gas index was at 10,763 higher by 27 points.
Yes Bank was the top loser among the banking stocks, the stock fell more than 4% to Rs 292 followed by Canara Bank, Indusind Bank, ICICI Bank, Axis Bank, Union Bank of India and Kotak Mahindra Bank, down more than 2% each. Piramal Healthcare, Sun Pharma, Divis Labs, Glaxo Smithkline, Aurobindo Pharma and DrReddy's Lab were some gainers on the healthcare charts.
The broader markets were in line with the benchmark indices, the BSE mid-cap index was down 51 points at 7801 and the small-cap index was lower by 33 points at 9807.
The overall market breadth was negative, out of 2854 stocks traded on the BSE, 1656 stocks declined while 1092 stocks advanced.
