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Nifty down. Metals drag.

Markets have seen trades in the red with the Nifty trading below the 5350 mark. Stocks from the metal, bank and Capital goods sectors have seen declines.

The Nifty is at 5335, down by 14 points or -0.3%. The Sensex is at 17648, down by 0.2%.

The BSE Metal index has lost nearly 154 points. Jindal Steel and Sterlite Industries are among the top losers on the index. Jindal steel is down by 3.4%. Sterlite is also down by 3%. Tata steel is down by 1.6%. Hindalco has seen a cut of 1.6%. Sesa goa has also lost over 2%.

JP Associates is down by 2.7%. L&T is down by 1.5%. Reliance Infra is down by 2%.

Tata Motors, Bank of Baroda are all down by nearly 2% each.

On the winning side, Tata Power is up by 2.2%. IT majors Infosys and TCS have also gained nearly 1%.

GAIL, Powergrid. ITC and Sun Pharma have been trading with marginal gains.



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