After staging a smart recovery and very nearly bouncing back into positive territory, the market has faltered this afternoon following a fresh round of selling in several front line stocks from across various sectors.
The Sensex is now down 97.80 points or 0.53% at 18,411.90. The Nifty is down with a loss of 31.95 points or 0.57% at 5542.80.
FMCG, power, capital goods, bank and realty stocks are trading weak. Information technology, metal and PSU stocks are trading flat. Automobile stocks are mixed, while healthcare and oil stocks are trading higher.
NMDC is down 4.3% at Rs 124.90. HDFC is down with a loss of 3.3% and NTPC is trading lower by around 3.2%. IDFC, ITC, Ambuja Cements, ICICI Bank, Bharti Airtel, Tata Motors, DLF and Axis Bank are down 1.5% - 3%.
Mahindra & Mahindra, ACC, Lupin, IndusInd Bank and Larsen & Toubro are also trading notably lower.
Maruti Suzuki is up nearly 7%, buoyed by the yen's sharp slide. BPCL, GAIL India, ONGC, Dr Reddy's Laboratories, Bajaj Auto, Ultratech Cement and HCL Technologies are up 1.5% - 2.3%.
Jindal Steel & Power, Cipla, Tata Steel, Reliance Industries, Sesa Goa, Kotak Bank, HDFC Bank and Hero Motocorp are also up with smart gains.