The market continues to trade on a negative note on sustained selling in energy and IT shares. However, losses are limited due to buying support in banking and realty shares.
The market continues to trade on a negative note on sustained selling in energy and IT shares. However, losses are limited due to buying support in banking and realty shares.
As on 2:13 PM, the Sensex is down 102 points at 29,360. The Nifty is down 31 points at 8,864.
The CNX IT index has witnessing a selling pressure owing to profit taking. The index is down over a per cent
IT stocks like Rolta India has slipped 2.6 per cent at Rs. 135. MindTree has dropped nearly 2 per cent at Rs. 1,453. HCL Tech and Infosys have declined 1.5 per cent each at Rs. 2,016 and Rs. 2,290.
On the other hand, Vakrangee has soared 4 per cent at Rs. 127. eClerx Services has jumped 3 per cent at Rs. 1,321 after the NSE counter witnessed a near 14-times jump in the volume.
The CNX Energy index continues to trade on a weak note - down 1.4 per cent.
In the energy space - Reliance Industries has tumbled 2.8 per cent at Rs. 877. Indian Oil corporation has dropped 2.5 per cent at Rs. 335.
Tata Power has slipped over a per cent at Rs. 8735. ONGC, Cairn India and Power Grid Corporation are some of the other notable losers.
Meanwhile, the Indian currency has gained 10 paise at 62.24 against the US dollar.
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