Markets remain weak; Sensex down 100pts
Markets have once again slipped a bit and the Sensex was lower by 100 points at 18,338. The S&P CNX Nifty was lower by 33 points at 5484.
Hero Honda continued remain the top loser among the Sensex stocks, down 3.4% at Rs 1390, Tata Motors was trading lower by nearly 3% at Rs 1126. Tata Steel, Mahindra & Mahindra, Jindal Steel, Jaiprakash Associates, Maruti Suzuki, HDFC Bank and Tata Power were also trading lower by 2-2.5%. On the other hand index heavyweight Reliance Industries continued to remain the top gainer, up 4.5% at Rs 1000. Reliance Comunications, Sterlite Industries, Reliance Infrastructure and TCS were some notable gainers.
BSE Auto index was the top sectoral loser, the index lost 170 points or 2% to 8444. Banking stocks also fell prey to the intense selling pressure, Bankex was lower by 230 points at 12,312. Capital goods, PSU, metal, power, FMCG, IT, healthcare and realty stocks were also indices were also trading in the red. On the other hand Oil & Gas index continued to remain the top gainer up 2.2% to 9712 and Consumer Durable index was marginally in the green.
Hero Honda was the top loser among the auto stocks followed by Tata Motors, Mahindra & Mahindra, Ashok Leyland, Maruti Suzuki, Apollo Tyres, Cummins Indi, Amtek Auto and Bharat Forge.
Among the banking stocks Axis Bank led the losers charts, down 3% to Rs 1268. Yes bank, HDFC Bank, Federal Bank, ICICI Bank, Bank of Baroda, State Bank of India and Canara Bank were also among the losers.
The broader markets continued to remain under pressure as the BSE mid-cap index lost 38 points at 6620 and the small-cap index was lower by 21 points to 8099.