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Markets decline

The Indian stock markets continue to trade weak tracking weakness in global markets. The BSE Sensex is at 15,746, down 135 points and the Nifty is at 4,720, down 43 points.

All the sectoral indices are in the red. BSE Metal, Power and Capital Goods indices, down 1-2% each, are leading the losses.

Hindustan Zinc, Sesa Goa and Hindalco Industries, down 2-3% each, are the notable losers from the Metals’ space.

Suxlong Energy, Alstom projects India, Havells India and Thermax, down 2-3% each, are the prominent losers among the Capital Goods’ stocks.

BSE Auto is trading lower by 1% at 8,159.

Hindalco Industries is down 3% at Rs 124 and is the top loser on the Sensex. Bharti Airtel, Sterlite Industries, Tata Motors and BHEL, down 2% each, are the other prominent losers from the pack.

Among individual stocks, Electrotherm has opened 4% higher at Rs 158 after the company sold its iron pipe business and 100% stake in a subsidiary of the company to France’s Saint Gobain for Rs 950 crore.



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