Markets have slipped on low infrastructure number. June Infrastructure output at 3.4% versus 5.2% (YoY). Except FMCG index all sectoral indices are trading in red. Heavy selling pressure is seen in banks, auto, capital goods and realty stocks. The BSE IT, metal, power indices are also trading in red.
At 11.06 am, the Sensex is down 183.03 points or 1.18% at 15320.89, and the Nifty down 23.05 points or 0.50% at 4597.35.
About 1323 shares have advanced, 1619 shares declined, and 219 shares are unchanged.
Top losers on the Sensex are Maruti Suzuki at Rs 680.50 down 4.89%, HDFC at Rs 2,460 down 4.28% and ICICI Bank at Rs 740.80 down 3.89%.
Markets @ 10:17 am: Markets choppy: Bank, Auto, Metal down
Markets are trading choppy with negative bias. The BSE bank, auto and metal stocks are witnessing selling pressure while oil & gas, FMCG and power witnessing buying interest. The BSE midcap and smallcap indices are also trading in green with mild gain.
At 10.17 am, the Sensex is down 8.17 points or 0.05% at 15495.75, and the Nifty down 3.25 points or 0.07% at 4617.15.
About 1568 shares have advanced, 1365 shares declined, and 228 shares are unchanged.
On the global front, Asian markets are trading mixed.
Top losers on the Sensex are Maruti Suzuki at Rs 694.15 down 2.98%, HDFC at Rs 2,495 down 2.92% and Sterlite Ind at Rs 608.55 down 2.62%.
Top gainers on the Sensex are NTPC at Rs 188.40 up 1.43%, Reliance Infra at Rs 1,116.90 up 1.32% and Satyam at Rs 415.60 up 1.23%.
Most active shares on BSE are Reliance at Rs 2,350 with volumes of 243,160, Landmark Prop at Rs 38.80 with volumes of 11,192,334 and Rel Capital at Rs 1,442 with volumes of 203,053.
Markets @ 9:56 am: Markets open flat; RIL, SBI, ONGC, surge
Markets have opened with marginal gains. Buying interest seen in FMCG, oil & gas, and IT stocks while bank, metal and auto stocks are witnessing selling pressure.
Tata Steel ,RPL, ONGC, TCS, Dr Reddy's, SBI, RIL, Reliance Infra, Unitech, Satyam are among major gainers.
However, ICICI Bank, Hindalco, Cairn, Sterlite Industries were among major losers.
At 9:56 am, the Sensex is up 75 points at 15580, and the Nifty is up 17 points at 4636.
Asian markets were trading mixed. Shanghai Composite, Hang Seng, Straits Times, Seoul Composite were trading higher. However, Nikkei and Taiwan Weighted trading lower.
US markets finished higher on the back of that $ 2 drop in crude oil prices. Modest gains were clocked on a day which saw the resurgence of the dollar and sold gains in technology with Apple and Amazon leading the charge.The Dow gained 48.03 points, or 0.41%, at 11,782.35. The Standard & Poor's 500 index advanced 9 points, or 0.69%, to 1,305.32. The Nasdaq composite index added 25.85 points, or 1.07%, to 2,439.95.
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