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The
stock market continues to skid dragged by capital goods, IT and metals. The
Sensex is down 241.59 points or 0.9 percent at 24552.37, and the Nifty down
64.60 points or 0.9 percent at 7467.20. About 1066 shares have advanced, 950
shares declined, and 123 shares are unchanged.
Hindalco, Cipla, Maruti, ONGC and Tata Steel are top gainers while Infosys, BHEL, Reliance, L&T and TCS are losers in the Sensex. Oil prices held most of the previous day's strong gains today, but while a dive in US gasoline stockpiles fuelled hopes for a pick-up in demand, traders remain on edge over the long-running supply glut.
Despite positive global cues, the Indian stock market is trading lower this morning, with investors treading cautiously and taking some profits. The market is looking ahead to the data on industrial production, due tomorrow. Activity is likely to be stock specific with corporate news providing some direction.
Hindalco, Cipla, Maruti, ONGC and Tata Steel are top gainers while Infosys, BHEL, Reliance, L&T and TCS are losers in the Sensex. Oil prices held most of the previous day's strong gains today, but while a dive in US gasoline stockpiles fuelled hopes for a pick-up in demand, traders remain on edge over the long-running supply glut.
Despite positive global cues, the Indian stock market is trading lower this morning, with investors treading cautiously and taking some profits. The market is looking ahead to the data on industrial production, due tomorrow. Activity is likely to be stock specific with corporate news providing some direction.
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