Frontline indices remain weak in early afternoon trades.
Though technology stocks have slipped further, indices
are getting some support from ONGC and select pharma and
metal stocks. All other Asian markets, except Shanghai,
remain weak and Europe has also opened lower.
is trading lower by 205 points at 12919 at 01.10 PM.
is now trading lower by 53 points at 3767.
stocks have slipped further after the weak start. HCL
Tech remains the worst performer, trading more than 5
per cent lower. TCS has shed close to 4.5 per cent while
Satyam is down over 4 per cent. Wipro has lost close to
3.5 per cent while Infosys has lost nearly 3 per cent.
oil & gas stocks, Gail India has lost nearly 3.5 per
cent and HPCL is down well over 3 per cent.
autos, Tata Motors is still down nearly 3 per cent and
Maruti is trading over 2.5 per cent lower.
is the other major loser, trading nearly 3 per cent lower.
has resumed its up trend from the previous week and has
added nearly 1.5 per cent.
has moved up further and remains the best performer among
index stocks with gains of 2.5 per cent. Dr Reddy's has
gained over 2 per cent.
metals, Tata Steel and Nalco are holding on to gains of
close to a per cent each.
has gained over 2 per cent.
Entertainment, ITC, Grasim and Reliance Energy are the
other gainers among Nifty stocks.
and small caps also remain weak. The NSE mid-cap index
is now trading with losses of close to 1.2 per cent. BSE
mid-cap index continues to trade with losses of over 1.15
per cent and the BSE small-cap index has lost over 1.25
per cent. Market breadth on the NSE remains negative in
early afternoon trades.
stocks have gained further on reports that the government
may announce incentives to boost exports. Sakthi Sugar
has added over 15 per cent while Ponni Sugar is trading
more than 10.5 per cent higher. Upper Ganges and Uttam
Sugar are the other major gainers.
Pulp, Atlas Cycle, Man Industries, Jayshree Tea and Apcotex
are the major mid-cap gainers.
Exports remains locked in 20 per cent down circuit while
Nahar Spinning has lost nearly 8.5 per cent.
Stock, Page Industries, Vardhman Holdings, Uniphos, HBL
Power and Astral Poly Technik are the other major mid-cap