Following a bout of selling in some blue chip stocks, the market has slipped into the red now. Oil, pharma, auto and capital goods stocks have declined sharply. Realty, power and bank stocks are also seen drifting lower. Select information technology, metal and consumer durables stocks are trading higher. Several midcap and smallcap stocks have come off their highs and a few of them have even slipped into the red on selling pressure.
The Sensex is down by 58.36 points or 0.38% at 15,409.10 now. The Nifty has lost 17.15 points or 0.37% at 4591.20. HCL Technologies, Ranbaxy Laboratories, Reliance Industries and Bharti Airtel have lost 2% - 2.5%. Tata Motors, Cipla, Mahindra & Mahindra, Siemens, ONGC, Larsen & Toubro, ACC, Wipro, Tata Communications and Power Grid Corporation are also down with sharp losses.
Reliance Communications rules firm with a strong gain of 5.5%. GAIL India, BPCL, Suzlon Energy, Ambuja Cements, Sterlite Industries, Infosys Technologies, Tata Steel, Sun Pharmaceuticals and State Bank of India are also trading in the positive territory with notable gains. Chennai Petroleum Corporation, Mundra Port, MphasiS, Glenmark Pharmaceuticals, Container Corporation and Aditya Birla Nuvo are some of the prominent gainers today. IFCI, Oracle Financial Services, Ashok Leyland, Tech Mahindra, Bank of India, GMR Infrastructure, United Spirits, Vijaya Bank, Reliance Natural Resources and Biocon are down with sharp losses.
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