IT, Bankex drag markets into the negative

After an opening in the green, the Sensex has slipped in the red with the BSE benchmark index down 65 points at 19,622 and the Nifty losing 21 points at 5,888. The broader markets too lost its shean but continue to trade in the positive. The smallcap index is up 0.3% while the midcap index is trading with a 0.1% gain.

On the BSE sectoral chart, PSU, Capital Goods, FMCG, IT and Bankex have slipped into the negative shedding between 0.1% - 0.6%. On the brighter side, Consumer Durables and Realty continue to lead the gains with 0.6% each.

Sterlite, Cipla, ONGC and BHEL up 0.6% each are the top gainers among the Sensex-30 stocks.

Tata Power, Infosys and Bajaj Auto losing 1% each are the top losers followed by Mahindra & Mahindra, Jindal Steel, Jindal Steel and HDFC down between 0.3- 0.6%

Owing to the broader market, the market breadth is positive. Of the total 2559 stocks traded on the BSE, 1422  stocks have advanced while 1051  have declined.