The disappointment is largely seen as a reaction to the European Central bank’s inaction to take any step to check the Eurozone crisis. The ECB has kept the interest rates unchanged.
Some of the banking stocks have seen declines. SBI, ICICI Bank and Axis Bank are on the down side. Metal stocks Sterlite, Hindalco, Sesa Goa were also down. JSPL, M&M, Tata Motors, JP Associates, HCL Tech and L&T were down in early trade.
Mahindra Satyam is up by 4%, after it came up with good results.