Markets languish, heavyweights drag

Markets continue to show weakness, folling the Goldman episode. Asian markets have also effected the Indian bourses negatively.

The Sensex is now down 212 points at 17,379. The Nifty is down 70 points at 5,192.

The BSE mid-cap and small-cap indices are also in red. Both indices have dropped 1.2% to 6,937 and 8,904, respectively.

Realty, metal, power and oil stocks are down. Indices have slipped 1-2% each.

Reliance has contributed most to the fall in the index. The stock is down 1.5% at Rs 1,068. Other heavyweights, ICICI Bank and Infosys, are down over 1% each.

DLF has dropped 2.4% to Rs 322. Jaiprakash Associates has slipped 2% to Rs 145. Reliance Infrastructure has declined 1.7% to Rs 1,096.

Metal stocks are in red. Sterlite has slumped 2.2% to Rs 819. Tata Steel has dropped 2% to Rs 681.

Grasim, HDFC, NTPC and Tata Power are down over 1% each.

Auto stocks - Tata Motors, Maruti, Mahindra & Mahindra and Hero Honda have declined 1% each.

However, TCS continues to trade in the green ahead of its results. The stock is now up 1% at Rs 823.

The BSE market breadth is negative. Out of 2,559 stocks traded, 1,816 have declined while 620 have advanced.