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Asian stocks dip. Nifty down to 4800.

Markets have witnessed a down trade, with the Asian markets seeing a wave of selling. Metal stocks have been the top losers.

At 9:59 AM, the Nifty is down to 4828, down by 39 pts or -0.8%.

Sterlite industries is down to 118, with losses of over 3.7%. Hindalco is down by 3.3%. Tata steel is down by 1.3%, while Jindal steel is down by over 2%.

Sesagoa is down by 3%. Guj NRE Coke is down by 2%.

GAIL, from the Oil space, is down by 1.6%.

Punj lloyd is also trading low with over 2% cuts.

IT majors are marginally trading in the green territory.



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