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Indices have slipped further in early afternoon trades
mostly on account of weakness in auto stocks. Most other
Asian markets are holding on to their gains while Europe
has opened lower
Sensex
is trading lower by 93 points at 13193 at 01.10 PM.
Nifty
is now trading lower by 15 points at 3846
Tata
Motors gas slipped further and remains the worst performer
among index stocks with losses of 4 per cent. Maruti has
slipped close to 2 per cent while M&M and Bajaj Auto
have lost nearly a per cent each.
HDFC
Bank has declined close to 3.5 per cent after a weak start
while HDFC is trading lower by over a per cent.
Infosys
has declined further and is now down close to 1.5 per
cent.
Suzlon
is down over 1.5 per cent while L&T has lost well
over a per cent.
Dabur
is the other major loser, down over 1.5 per cent.
ONGC
has moved up and is now trading close to a per cent higher
while HPCL has added nearly 2 per cent. IPCL has gained
close to a per cent.
MTNL
has gained further and is now trading nearly 2.5 per cent
higher.
PNB
has come off its highs and is now trading nearly a per
cent higher.
Tata
Steel is holding on to gains of close to 1.5 per cent.
Cement
stocks have shed all their early gains. Only Grasim is
holding on to gains of nearly 0.5 per cent.
Tata
Power and Ranbaxy are the other gainers.
Mid-caps
and small caps have given up their early gains and have
slipped into the red. The NSE mid-cap index is now trading
with losses of over 0.2 per cent. BSE mid-cap index is
trading with losses of over 0.25 per cent and the BSE
small-cap index has lost 0.15 per cent. Market breadth
on the NSE is negative in early afternoon trades.
Sugar
stocks are holding on to their early gains. Ponni Sugar
is trading nearly 13.5 per cent higher and Dharani has
rallied close to 9.5 per cent. Sakthi Sugar has added
close to 7.5 per cent.
Emkay
Stock and Share, Batliboi, Nitco Tiles, Page Industries,
Uniphos, BEPL and Rajvir are the major mid-cap gainers.
Nahar
Exports remains locked in 20 per cent down circuit and
Nahar Spinning has lost close to 16 per cent.
Magma
Leasing, Transwarranty Finance, Sarla Poly, Supreme Yarn,
India Bulls Real Estate and Mahindra Ugine are the other
major mid-cap losers.
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