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Markets trade soft. Hero Motors down.

Markets opened lower today weighed down by global cues as the European Central Bank meeting offered no hopes on a fresh round of stimulus. At 9:40am, the Sensex was down 36 points at 17,231 and the Nifty lost 13 points at 5,227.

Among the sectoral indices, FMCG, IT and Consumer Durables were the only indices to start in the green, gaining 0.2-0.6%. Meanwhile, Auto, Metal and Capital Goods started off losing 0.5-0.6%

Auto stocks were under pressure as car sales witnessed moderate growth in the month of July. The draggers here were Hero MotoCorp, Tata Motors, Bajaj Auto, Mahindra & Mahindra and Maruti Suzuki down 0.4-1%

From the FMCG space, Hindustan Unilever and ITC gained 0.4% each and were among teh top gainers on the Sensex.

The only other gainers among the Sensex stocks were NTPC, TCS and Jindal Steel which added 0.3-0.6%.

Among the losers Coal India, HDFC Bank, Cipla,SBI, ONGC, Dr Reddys Lab, Hindalco, Sterlite, L&T and Sun Pharma down 0.6-1% were the notable losers.


 

 

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