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Dip in markets. SAIL falls by 4%

Markets are seeing a downside trade, as the global markets are also trading weak. Concerns over the Italian economy in particular, and the European scenario in general, have continued to haunt the the investors worldwide.

At 9:59 AM, the Nifty is at 5035, down by 33 pts or -0.67%.

Steel bigwig SAIL – has lost over 4.3% in today’s trade and is trading at 94.70. Other metals counters are however trading with moderate cuts. Coal India (COALINDIA) is also down by over 2%.

GAIL has further lost 3.7%. LT has been cut by over 3.2%. JPAssociates is down by 2.8%. Punj lloyd is down by 3.5%. Maruti has dipped further by 1.5%. Hero Motors has lost 2.8%.

Idea Cellular is however up by 6%. RCOM, from the same sector, is also holding in the green with 1.4% gains. Bharti Airtel is also up by 1%.



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