The benchmarks opened listless and on expected lines as global cues dried up and domestic earnings floundered. The largecap space was pushed down by sell-off in TCS, Coal India, Tata Motors, HDFC Bank, and ITC. HUL, Cipla, BHEL, Sterlite, Mahindra and Mahindra, DLF were lending support to the indices.
The Sensex is up 2.03 points or 0.01% at 19503.11, and the Nifty down 2.50 points or 0.04% at 5895.70.
Barely few hours to go for the big announcement on Railways and key railway stocks remain laggard in a listless market. BSE Sensex and NSE Niftycontinue to languish at 19202.94 (down 128 points) and 5814 (down 40 points), respectively.Kalindee Rail has fallen over 3 percent and Texmaco Rail was struggling at Rs 60, down 2.6 percent.
Equity benchmarks continued to fall for the third straight day due to sustained selling by funds amid a weak trend in Asian regions.
The 30-share barometer Sensex, which had lost over 118 points in the previous two sessions, fell further by 107.13 points or 0.55% at 19457.79 at 10.45 AM tracking losses in consumer durable, auto and information technology stocks. Tata Motors and Maruti Suzuki in the auto space were trading down by 1.5 percent each and Infosys in the IT sector had lost nearly 2 percent, causing a serious blow to the market.
The Sensex is down 50 points after trading flat for first one hour of trade. The Niftyis not making an attempt to past above 200 Day Moving Average. Analysts feel 5500-5550 remains a good support level for the market.:clap: