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Flat trades in markets. RIL up on buyback news.

Markets are trading marginally lower in the noon deals. The Sensex has shed 39 points at 16,426 and the Nifty is at 4,951, down 16 points.

Mahindra & Mahindra is the top loser among the Sensex stocks, down nearly 4% to Rs 678
ICICI Bank has shed 2.5% to Rs 765. Wipro, Tata Steel, TCS, Infosys, Gail India, Sterlite Industries, BHEL, Cipla, Hindustan Unilever, Hindalco and State Bank of India are also among the laggards.
ONGC, Hero MotoCorp, HDFC Bank, Maruti Suzuki, DLF, Coal India and HDFC are also among the gainers.

Technology, metal and banking stocks are amongst the worst hit in the trades so far.

Metal and Bankex indices are also down, 1.6 and 1.3% each respectively. Auto capital goods, power, FMCG, consumer durables and healthcare stocks are also facing the selling pressure.

Hexaware Technologies, Tech Mahindra, MphasiS, Financial Technologies and HCL Tech are tyhe losers from the IT pack.


 

 

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