03 Feb 01.10 PM: Indices remain weak

03 February 2006

Indian indices are trading weak, unable to recover from the selling seen during the morning session.

The Sensex is trading lower by 49 points at 9795 at 01.10 PM.

The Nifty is trading at 2954, lower by 14 points.

ONGC has recovered part of its early losses and is now nearly 2 per cent lower. The decline is crude prices seems to affected the sentiments in ONGC.

Private sector banking stocks have turned weaker as the session progressed. HDFC has lost nearly 3 per cent. ICICI Bank and HDFC Bank are trading lower by around 2 per cent each.