The Sensex after slipping to a low of 16,684,has recovered partially owing to to strength in Reliance Industries.The Sensex is now at 16.834, down 153 points. The NSE Nifty is 57 points down at 5,033.
Among the Sensex-30 stocks, Reliance Infrastructure has declined 7% to Rs 981. It was followed by Tata Motors, Jaiprakash Associates, Reliance Communications and DLF have slipped 3-5% each.
Wipro, SBI, Tata Power, HDFC Bank, ICICI Bank and Sterlite Industries are among the other prominent losers.
On the other hand Reliance Industries continues to lead the gainers list, up 2.5% at Rs 1,037. The stock spurted after the Supreme court ruled in favour of RIL in the RIL and RNRL dispute.
The market breadth continues to move negative, out of 2,823 shares traded, 2,323 have declined and 448 have advanced so far on the BSE.
Realty and bankex indices are the lead draggers among the sectoral indices, down 3.5% and 2.5%, respectively.
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