Markets continue to trade in red

The markets continue to trade in a closed range of 100 points. The Sensex is down 177 points at 20,163 and the Nifty has shed 61 points at 6,074. In the broader markets, the midcap index is down 0.6% while the smallcap holds at 0.2% in the negative. The benchmark index continues to underperform, down 0.8%

All the international markets are trading in the red. The Asian markets closed in the negative and the European markets have extended their losses.

Onthe BSE sectoral indices, IT continues to lead the pack at 0.1% and is the only index in the positive. Realty, Consumer Durables and Metal are at the bottom of the chart down 1.6% -2%

The gainers in the Sensex-30 stocks are Mahindra & Mahindra up 1%,TCS, Reliance Communications and Tata Motors gaining 0.5% each.

The losers are Hindalco, DLF, L&T, Jaiprakash Associates and Jindal Steel shedding 2% each.

The market breadth is negative. 1908 stocks have declined while 1052 have advanced.