17 Feb 01.10 PM:Indices remain weak as FMCG stocks correct

17 February 2006

After opening with gains, the indices declined steadily and within half an hour dipped into negative territory. By mid-morning both indices were trading with losses of half-a-per cent each.

The markets recovered and went close to yesterday's closing levels before declining again.

The Sensex is trading lower by 60 points at 10064 at 01.10 PM.

The Nifty is trading lower by 13 points at 3008.

FMCG continue to remain weak though stocks have recovered marginally from their morning lows. HLL and Dabur have lost more than 2 per cent each. ITC is trading lower by nearly 2 per cent.