Volatile trade continues

The markets continue to exhibit high volatility, the Sensex is up 37 points at 19,902 and Nifty is up 4 points at 5992

The European markets have opened on a firm note with CAC adding 27 points at 3792 and FTSE is at 5692 up 10 points. Most of the Asian markets also ended higher Nikkei ended at 10,013 higher 201 points, taiwan ended at 8283 up 28 points and Hang Seng is also higher 400 points at 23,615.

Back home, Hero Honda leads the Sensex gainers charts the stock is trading at Rs 1934 up more than 6% followed by Cipla, Hindalco Industries and Sterlite Industries up mre than 2.5% each. While Reliance Communication has shed more tha 7% at Rs 149 and lead th sensex losers pack, ICICI Bank, ONGC, Jindal Steel and HDFC Bank are the other losers on the Sensex.

BSE Metal index lead the sectoral packe up 205 points at 16,783, Auto Healthcare and IT indices are also higher by 0.8% each.

Real estate stocks continue to witness the selling pressure the BSE realty index has shed more than 2.4% at 3245, BSE Banking indices is also down 245 points at 13,973.

Axis Bank, Yes Bank, ICICI Bank, Indusindd Bank and Federal Bank are losers among the Banking stocks.

The broader markets continue to trade lower, the Small-cap index is down 134 points at 10,432 and Mid-cap index is down 67 points 8198.

Meanwhile the overall market breadth is negative as 2000 stocks are declining while 886 stocks are advancing.