Markets lose further ground; Sensex down 48.81 pts

Markets traded on a negative note. The 30-share BSE Sensex lost its 10,000 mark sheen after touching a high of 10.127.09. Selective buying and selling was witnessed in frontline stocks.

Major gainers in the sectoral indices were BSE Health Care (1.57%), Metal (1.41%) and Bankex (1.10%). Meanwhile, BSE IT (1.64%), Realty (0.68%) and FMCG (0.63%) were major losers in the 30-share index.

BSE Midcap and Smallcap are up by 0.97% and 0.58% respectively.

Meanwhile, Asian stocks witnessed a mixed trend. Japanese benchmark index Nikkei advanced 58.83 points, or 0.68%, to trade at 8,695.16 on the other hand, Hong Kong`s Hang Seng index shed 63.96 points, or 0.45%, to trade at 14,045.02

Asian stocks, meanwhile witnessed a mixed trend. Japanese benchmark index Nikkei advanced 58.83 points, or 0.68%, to trade at 8,695.16 on the other hand, Hong Kong`s Hang Seng index shed 63.96 points, or 0.45%, to trade at 14,045.02. (11:15 a.m)

Currently, the 30-share index Sensex is trading down 48.81 points, or 0.49%, at 9,954.29, after touching a high of 10,127.09 and a low of 9,914.29. Meanwhile the broad based Nifty is trading lower by 6.45 points, or 0.21%, at 3,075.80, after hitting a high of 3,123.35 and a low of 3,055.90. (10.56 a.m.)

The 30-share index, BSE Sensex opened with a gain of 33.70 points, at 10,036.80. In the previous day session, the Sensex closed with a gain of 335.20 points, or 3.47%, while the NSE Nifty climbed by 97.90 points, or 3.28%.

Overall market breadth was however positive. Out of the total 1,953 shares traded at BSE, 1,101 advanced, 780 declined while 72 remained unchanged.

Major gainers in the 30-share index were Tata Steel (3.91%), Larsen & Toubro (1.71%), Hindalco Industries (1.63%) and Sun Pharmaceuticals (1.56%).

On the other hand, Wipro (2.61%), Infosys Technologies (2.44%), HDFC (2.07%) and TCS (2.06%) were the major losers in the Sensex.