Markets trade with negative bias

Markets continued to trade in the red, after surrendering the opening gains. The Sensex has shed 44 points to stand at 17,941 and the Nifty is lower by 11 points at 5,386.

The Asian markets are down up to 1% each on the back of Greece debt woes. Japan’s Nikkei and Korea’s Kospi are down almost 1%, each. Hong Kong’s Hang Seng and Singapore’s Straits Times is down marginally.

Infosys has pulled down Sensex by 36 points, followed by RIL (23 points). BOth heavyweights are down 2% and 1%, respectively.

Many sectoral indices have bounced back - Realty, Bank and Power indices are up marginally. IT and Oil & Gas indices continue to be the biggest laggards on BSE, down almost a per cent each.

Market breadth has become negative with 1,081 stocks advancing and 1,320 declining on BSE.

Broader markets are trading lower. CNX Midcap Index is down 12 points and BSE Small Cap is down 19 points.

Stocks in news Maruti is down marginally, Tata Steel is up 2.5%, ING Vysya Bank is up over 0.5% as it raise Rs 513 crore via QIP and NTPC is down over 0.5%.