The Nifty is down by 25 points at 6186, down below the crucial 6200 mark. Analysts are of the opinion that if Nifty continues to close down below the 6200 mark, then fresh shorts would be initiated until the index corrects and starts its journey upwards.
Capital goods leader LT continues to trade lower for the 4th consecutive session. The stock is down by 0.8% to trade at 1002.
The CNX Midcap index is down by 18 points at 7946. Oriental Bank of Commerce has lost 2.3%. Other midcap banking counters such as Allahabad bank, Syndicate Bank, Union Bank and Andhra Bank have all lost 1%.
Media stock Zee Limited has gained 2% and is trading at 286.90.