Business OpportunitiesMarkets remain in negative territory
The markets continue to trade in the negative on the back of weakness in realty, metals and IT pack.
- Markets have a sedate start - US markets end weak - Sensex falls most in two weeks - Spice Finance plans to buy 15% in NMCE - Sensex sheds 213pts on profit booking - Sensex ends down 226pts
The opening was quite, considering the weak US and Asian cues. The markets did make an attempt at a recovery, with the benchmark crossing over into the green for an instant, only to be dragged down in no time.
The Sensex is quoting at 16,723, down 61 points, and the Nifty is at 4,966, down 22 points.
The top Sensex losers are Reliance Infrastructure (weaker by 1.6% at RS 1,086), ICICI Bank (down 1.4% at Rs 872) and Jaiprakash (lower by 1.3% at Rs 223).
Wipro, Hindalco and Tata Steel have lost between 1% and 2% each.
The leading Sensex gainers are ACC (higher by 1.7% at Rs 745), Hero Honda (firmer by 1% at Rs 1,657) and HDFC (up 0.8% at Rs 2,771).
The market breadth is neutral. Out of 2,232 stocks traded on the BSE, there are 1,120 advancing stocks as against 1,039 declines.
Suzlon tops the value charts on the BSE, with a total turnover of Rs 60.50 crore, followed by JSW Steel at Rs 74.01 crore, HDIL at Rs 37.88 crore, DLF at Rs 37.14 crore and SBI at Rs 36.48 crore.
Suzlon also registered the highest volumes, at 39.93 million, on the BSE. This was followed by Ispat at 8.85 million, Unitech at 8.51 million, GVK Power at 4.95 million and HDIL at 4.24 million.