With several front line stocks from across various sectors wilting under pressure and losing ground, the India market looks headed for another weak close.
The Sensex is down with a loss of 156 points or 0.8% at 19,738.98. The Nifty is down 44 points or 0.73% at 5990.75.
Realty stocks continue to trade weak. Bank, metal and information technology stocks too are mostly trading lower. Capital goods stocks, which found some support earlier this afternoon, are off their highs now.
Shares of state run oil marketing firms are trading higher. Automobile, power and FMCG stocks are trading mixed, while consumer durables and healthcare stocks are finding fairly strong support.
Jaiprakash Associates is down 3.7%. DLF
is down by around 3.3%. OnGC, Hindalco
and Bharti Airtel
are trading lower by 2.2% - 2.6%. Hindustan Unilever
is down nearly 2%.
Despite coming off the day's low, BHEL
is still fairly deep down in negative territory, netting a loss of 1.8%, on weak results. Sesa Goa
, Ambuja Cements
, ICICI Bank
, Tata Motors
, Punjab National Bank
, Kotak Bank, Jindal Steel
& Power and IDFC
are also down with notable losses.
BPCL is up nearly 3%. Hindustan Petroleum Corporation
and Indian Oil Corporation
are also up in positive territory with strong gains.
Cipla, Dr Reddy's
, Asian Paints
, Cairn India
, Maruti Suzuki
, Tata Power
are also up with smart gains.