Markets are trading with negative bias, as the Nifty touches the 5500 mark. Stocks from the Banking, Steel and Infrastructure segments have seen selling kicking in.
At 10:20 AM, the Nifty is a t 5499, down by 22 pts or -0.4%.
SAIL, from the steel segment, is down by 1.3%. Tata steel is down by 0.5%. Jindal Steel is also down by 0.5%.
Sesagoa, from the ore segment is down by 1.2%.
Heavy weight RIL is down by 0.9%.
ICICI Bank is down to 1040 – after witnessing a cut of 0.7%. PNB is down by 0.3%. Reliance Capital is down by 1.6%.
SUN TV, from the media space, is down to 300 again, with 1.2% cuts. Ambuja cements is down by by over 1%.
Hindalco is however trading in the green with 0.8% gains. Punj lloyd is up by 1.4%. ONGC is up by 0.6%.
Guj NRE Coke is buzzing with 3% gains.
Pharma major Ranbaxy is up by 1.6%, while Sun Pharma (SUNPHARMA) is up by 1.4%.