Business OpportunitiesMarkets trade flat
The markets have recouped most of their losses and are now trading flat. The oil, pharma and FMCG stocks are seeing buying interest.
- Sensex jumps into positive terrain - Sensex slips again; realty index down 2% - Markets remain in negative territory - Markets have a sedate start - US markets end weak - Sensex falls most in two weeks
The opening was quite, considering the weak US and Asian cues. The markets did make an attempt at a recovery in the first hour of trade, with the benchmark crossing over into the green for an instant, only to be dragged down in no time.
The markets are again inching towards the green territory. The Sensex is now down merely 15 points at 16,769, and the Nifty is at 4,978, down 11 points.
The top Sensex losers are Reliance Infrastructure (weaker by 1.3% at Rs 1,090), ICICI Bank (down 1.3% at Rs 873) and Wipro (lower by 1.2% at Rs 637).
Tata Steel, Hindalco and Maruti have lost between 1% and 2% each.
The leading Sensex gainers are ACC (higher by 2% at Rs 748), HDFC (up 1.7% at Rs 2,797) and Hero Honda (firmer by 0.9% at Rs 1,657)
The market breadth is neutral, albeit with a positive bias. Out of 2,446 stocks traded on the BSE, there are 1,239 advancing stocks as against 1,121 declines.