The markets are still trading sharply lower, despite showing some recovery from the day's lows. Weak global cues and a 400 points dip in the Dow on poor economic numbers is cited as reason for the gap down. Asian markets are also trading in the red. The Nifty has clawed back above the 2,900 mark. Selling is seen in metal, power, auto, capital goods, banking, and select oil stocks. Midcap and smallcap stocks are also under pressure.
The Sensex lost 234 points to 9885 and the Nifty plunged 61 points to 2,933, at 10:42 am. BSE Midcap and Small Cap indices fell over 2% each.
Market breadth is negative; about 962 shares have advanced while 1990 shares have declined. Nearly 239 shares are unchanged.
Tata Steel, Tata Motors, Tata Power and Sterlite Industries are top losers.
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