Sensex, Nifty in red; Tata Steel eyed

Published: Thursday, February 9, 2012, 9:56 [IST]

The Indian benchmark indices after yesterday's seesaw trade slipped into negative terrain during morning sessions due to profit booking after the rally.

All major markets were trading flat as they awaits for the meeting on Greece deal, which is expected to finalize within few hours.

Tata Steel which will report its Q3 today, was trading lower at Rs 444.90 down by 5.75 points or 1.28%.

At 09.50 am IST, the 30-share BSE Sensex was trading at 17639.12 down by 68.20 points or 0.39% and NSE Nifty was trading at 5350.30 down by 17.85 points or 0.33%.

In Asia, most of the major markets were trading in negative terrain, the Nikkei 225 down by 28.95 points and was at 8986.32.12. The Hang Seng was up by 105.46 points and was at 20,911.90. Shanghai was marginally up by 0.31 points and was trading at 2,347.17.

Among sectoral indices on BSE, sectors were trading in mixed terrain. Realty, Consumer Durables, Power and Auto were leading the rally.

While on the losing side, the sectors failed to lure investors were IT, TECk, Metal, FMCG and Consumer Goods.

On the National Stock Exchange (NSE), the top volume gainers were Cairn, Reliance Power, Reliance Communication, Kotak bank, Power grid posted gains between 1.07%-2.40% in morning trade.

Losers in the morning trade were Hindalco, TCS, Bharti Airtel, Axis Bank and Ster.

GoodReturns.in

Story first published: Thursday, February 9, 2012, 9:56 [IST]