Sensex remains in negative territory

Last Updated: Tue, Dec 03, 2013 08:57 hrs

With investors mostly staying on the sidelines, the market continues to move in a tight band amid lackluster trades this afternoon.

While select stocks from oil, metal and realty sectors are trading higher, FMCG, bank and automobile stocks are trading weak. Information technology, capital goods, power adn healthcare stocks are mostly flat.

The Sensex is down 23.60 points or 0.11% at 20,874.41. At 6206.90, the Nifty is now down 10.95 points or 0.18% from its previous close.

Jindal Steel & Power, up 4.4% at Rs 280, continues to trade firm on sustained buying support. BHEL, Hindalco and GAIL are up 2% - 2.4%. Index heavyweight Reliance Industries is up by a little over 1% at Rs 864. Tata Consultancy Services, Tata Power and Wipro are also trading firm, albeit with less pronounced gains.

NMDC, IDFC, BPCL, DLF, Ambuja Cements, ACC and Ranbaxy Laboratories are up 0.8% - 1.8%. Maruti Suzuki, Infosys, Grasim Industries and ICICI Bank are up marginally.

HCL Technologies, Kotak Bank, Dr Reddy's Laboratoreis, Coal India, Mahindra & Mahindra, IndusInd Bank, NTPC, HDFC Bank, Hero Motocorp, ITC, HDFC, Larsen & Toubro and Sesa Sterlite are all trading weak, losing 0.8% - 2%.

With several stocks from midcap and smallcap segments edging up a bit, the market breadth is slightly positive.

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