Mid Day Market Commentary

The markets have slipped further into the red on account of heavy selling in scrips across sectors. Sensex was trading lower at 13672.55 down by 1.36% or 187.97 points, whereas the Nifty traded at 3929.90 down by 1.34% or 53.50 points. Leading the downfall were IT stocks followed by Auto and Metals. About 1649 shares have advanced, 929 shares declined, and 39 shares are unchanged. Top gainers on the Sensex are MTNL up 4.57%, Bharat Forge 2.0%, ONGC 1.68% and GAIL (India)1.43%. Top losers were Indiabulls Fin down by 5.37%, Satyam computers 3.39% and Maruti Udyog 3.25%. Top gainers on the Nifty are MTNL up 4.53%, ONGC 1.65%, IPCL 0.94% and GAIL(India)0.87%. Top losers on the Nifty are Satyam computers down 3.45%, Maruti Udyog 3.20%, TCS 3.05% and Tata Motors 2.94%. Among BSE indices, BSE midcap were down by 0.35% at 5915.88,whereas BSE small cap were trading 0.85% higher at 7252.54. IT was down by 2.11%, Auto down by 1.57 and Metal was down by 1.57%. Only consumer goods index was trading marginally higher by 0.89%.