Markets continue to witness weak trades, shaving off the gains made during the end of yesterday’s session. The December series has started on a weak note, with the IT and Banking stocks paving way downside.
At 9:54 AM, the Nifty is at 4720, down by -0.75%.
The CNX IT index has lost over 1.3%. Infy is down by 1.6%. TCS is down by 1.7%. HCL Tech is also down by 1.7%.
Jindal steel has been cut by 2.3%. Tata steel is cut by 2.5%.
ONGC, from the oil & gas space, has seen a cut of 2.2%. RIL is down by 1.6%.
BPCL is however trading in the green with 1.9% gains. Hindustan pertroleum (HINDPETRO) is also in the green with 1% gains.
SUN TV, from the media space is beaming with 4.7% gains.