The markets have given up their gains due to weakness in the banking and power space. The Sensex has shed more than 150 points from its day's high and is now quoting at 16989, lower by 52 points, while the Nifty is down seven points at 4800. The mid-cap and small-cap stocks, however, continue to trade in the green.
The top Sensex losers are Sun Pharma (weakened by Rs 21 or 1.3% at Rs 1521), ONGC (lost Rs 13 or 1.2% at Rs 1092) and Hindustan Unilever (shed Rs 2 or 1.1% at Rs 230). Banking stocks such as SBI, ICICI Bank and HDFC Bank have lost upto 1% each. And index heavyweight, Reliance is trading sluggish at Rs 989, down 0.4%.
The leading gainers on the Sensex are Jaiprakash Associates (hardened by Rs 1 or 1.3% at Rs 129), Hindalco (strengthened by Rs 1 or 1% at Rs 135) and ACC (up Rs 7 or 0.8% at Rs 876).
The market breadth is positive. Out of 2121 stocks traded on the BSE, there are 1300 advancing stocks as against 758 declines.
Content Guide
