Sensex down 78 point; Automobile, power stocks decline

Last Updated: Tue, May 21, 2013 08:23 hrs

​The market, which came off higher levels in mid morning trade, has slipped deeper into the red this aftenroon with investors pressing sales at several blue chip counters in realty, automobile, power and capital goods sectors.

Healthcare, metal and bank stocks are also mostly trading weak. Oil stocks have eased as well .Select FMCG and information technology stocks are trading higher.

At 20,146.36, more than 40 points off the day's low of 20,130.61, the Sensex is now down 77.62 points or 0.38% from its previous close. The Nifty is down 31.25 points or 0.51% at 6125.65.

NTPC is down 3.3% at Rs 153.75. Tata Motors is trading 2.5% down. Maruti Suzuki, Sterlite Industries, Mahindra & Mahindra and Jindal Steel & Power are down 1.7% - 2%.

Tata Steel, State Bank of India, Larsen & Toubro, Dr Reddy's Laboratories, HDFC Bank, ITC, Hero Motocorp, Bharti Airtel and ONGC are also trading notably lower.

Coal India is up nearly 2% on strong results. BHEL is trading 1.8% up. Tata Consultancy Services, Infosys, ICICI Bank, HDFC and Sun Pharmaceutical Industries are up 0.4% - 1%.

Divi's Laboratories is down more than 6% on weak results. Thermax is trading 4.4% down. Jaiprakash Associates, HDIL, Bajaj Finance, JP Power, Unitech, JP Infratech, Ultratech Cement, J&K Bank, Adani Ports,Shree Cement, Karnataka Bank and JSW Energy are down 2.5% - 4%.

Emami, Nestle India, Shriram City Union Finance, Berger Paints, Adani Power, Mahindra & Mahindra Financial Services, Mphasis, Sun TV Network, Motherson Sumi, United Spirits, Crompton Greaves, Mahindra Satyam and Jet Air India are all trading higher by 1.5% - 3.2%.

More from Sify: