The markets have slipped into red, following the high volatility in the Reliance and ADGAR gourp stocks. The Sensex is now down 39 points at 17,577, and the Nifty has slipped 14 points to 5,261.
Reliance is now down 0.5% at Rs 1,065. The stock was up around 1.5% prior to the start of the AGM.
Reliance Communications and Reliance Infrastructure are down 2-3% each at Rs 186 and Rs 1,171, repsectively.
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(Updated at 1130 hrs)
The markets have pared its partial gains owing to weakness in the realty, metal and banking stocks. The Sensex is now at 17,633, up 16 points. The NSE Nifty is at 5,269, down five points.
Among the Sensex-30 stocks, Larsen & Toubro, Reliance Communications and Jindal Steel have advanced 1.5% each at Rs 1,805, Rs 194 and Rs 675, respectively.
The other major gainers are Hero Honda, Tata Power, Reliance Industries and M&M,up over 1% each.
On the other hand, ICICI Bank, Sterlite Industries and Wipro have slipped 1.5% each to Rs 871, Rs 685 and Rs 408, respectively.
The markt breadth remains positive, out of 2,641 shares traded, 1,365 have advanced and 1,180 have declined so far on the BSE.
The BSE midcap and the smallcap indices are marginally up at 7,025 and 8,925, respectively.
Among the sectoral indices, consumer durables and capital goods indices have added 1% each on the BSE. On the other hand, the metal, realty and the bankex indices are exhibiting weakness, marginally down.
Sterlite Industries, SAL and Hindustan Zinc are the major losers on the BSE, down 2% each on the metal index.
DB Realty has shed 3% to Rs 378 and DLF is down 1% at Rs 279, respectively on the realty index.
