The markets closed for the day in the red with the Sensex settling down 173 points at 17,838 and the Nifty lost 45 points to close at 5,349.
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(Updated at 1436 hrs)
The markets continue to trade in the red with the Sensex down 196 points at 17,815 while the Nifty has shed 59 points to trade at 5,385. The key BSE index continues to trade at a nine week low while the Nifty which touched a low of 5,328 has recovered from its 12 week lows in the afternoon trades. The broader markets, on the other hand are faring better with the smallcap and midcap indices down 0.7% each as compared to the BSE benchmark index, down 1.1%
On the international front, Asian stocks were in the dumps on continued worries about the euro zone debt crisis. The key benchmark indices in Hong Kong, Japan and China are down in the region of about a percent each. And the European markets also opened on a nervous note, with the FTSE, CAC and DAX losing about half a percent each.
There has not been much change in the sectoral indices where Consumer Durables index continues to be the only index in the green gaining 1.3%. The draggers in the noon trades continue to be IT and Capital Goods losing 2% each.
The only gainers among the Sensex stocks are Jindal Steel, ITC and Tata Motors up 1% each.
Realty major DLF down 3%, L&T, TCS, Reliance Communication and Infosys losing 2% each are the draggers in the Sensex stocks.
The market breadth is very negative. Of the total 2792 stocks traded on the BSE, 1609 stocks have declined while 1050 have advanced.
