With the mood still remaining quite bearish, amid the possibility of a shutdown of the U.S. government, and on worries about the economic situation in the country, the Indian stock market remains deep down in the red this afternoon, after suffering a severe setback following a weak start.
Caution ahead of the release of data on June quarter current account deficit is also contributing to the market's weakness.
Capital goods, metal, bank and power stocks are down sharply. Realty, automobile, FMCG and oil stocks too are mostly trading notably lower. Selct healthcare stocks are up in positive territory with modest gains. Information technology stocks are fairly steady thanks to the rupee's weakness against the U.S. dollar.
HCL Technologies, Wipro, Infosys, Lupin, Hindustan Unilever and Sun Pharmaceutical Industries are up 1% - 2%. ACC, BPCL, Tata Consultancy Services, Bajaj Auto, Ambuja Cements and Cipla are up with modest gains.