Selling aggravates, metals melt

Markets have extended the losses with Sensex and Nifty slipping below 16750 and 5050 levels respectively.

By 1135 hrs, the Sensex remained at 16,725 sliding down by 122 points, and the broader Nifty index remained at 5,013 decreasing by 37 points.

Counters like Metal, Technology, FMCG, Consumer Durable and Banks are leading the downtrend, all sloping down by almost 1% each.

However, BSE Power and Realty indices have gained by near 1% each.

Amongst Metal segment, the main laggards are Bhushan Steel, Coal India, Hindustan Zinc, Jindal SAW, Jindal Steel, JSW Steel, NALCO, NMDC, SAIL, Sesa Goa, Sterlite Inds and Tata Steel, all melting down between 0.1-4%.

Meanwhile, Midcaps and Smallcaps are trading on a flattish note with positive bias.

The market breadth on the BSE remains positive with 1,159 shares advancing and 1,050 shares declining.