MUMBAI: Markets were witnessing a lacklustre session despite positive Infosys Technologies results while traders booked positions in second rungs
stocks. Weak opening of the European markets weighed on the markets.
Bombay Stock Exchange’s Sensex slipped to a low of 9016.96 in intra-day trade. At 2:45 pm, the index was at 9042.54, down 67.51 points or 0.74 per cent. The index touched a high of 9261.
National Stock Exchange’s Nifty was at 2740.40, down 32.70 points or 1.18 per cent. It touched an intra-day high of 2802.60 and a low of 2741.40.
BSE Midcap Index was down 1.57 per cent and BSE Smallcap Index moved 1.36 per cent lower.
Reliance Communications (-7.56%), Tata Motors (-5.81%), HDFC (-4.36%), Jaiprakash Associates (-4.26%) and ICICI Bank (-3.88%) were the top Sensex losers.
Infosys Technologies (5.14%), Ranbaxy Laboratories (3.91%), TCS (3.60%), Wipro (3.52%) and Tata Power (3.11%) were the major losers.
Market breadth was negative on the BSE with 1571 losers and 776 gainers.
European markets declined for fifth straight session led by mining and oil stocks. Traders were also cautious as companies begin to report quarterly earnings. FTSE 100 was down 1.55 per cent, DAX fell 1.58 per cent and CAC 40 fell 2.16 per cent.
