2:23 pm
Jack
Some buying at lower levels was seen in IT and FMCG stocks. Both these group of stocks were trading in the green on the Bombay Stock Exchange.
Metals continued to underperform the benchmark indices, trading with over 2 per cent losses. That was because of the fall in manufacturing activity in China, which is the biggest consumer of commodities. Capital goods stocks were also hammered down and the index fell over 1.5 per cent. Banking, realty and auto stocks pared losses and were trading with under 1 per cent cut.
On the Sensex, 13 of the 30 stocks were up. Cipla, Tata Power, Bharti, SBI and NTPC were the top five gainers on the Sensex, rising 1-2 per cent. Tata Motors, HDFC Bank, Hindalco, L&T, HDFC and Tata Steel were the top losers, trading 2-3.5 per cent lower.
The market breadth had improved and 24 per cent stocks on the BSE 500 index were trading higher.
Global markets:
European stocks were trading flat. The FTSE 100 in Britain was up while the CAC 40 index in France was marginally lower. However, Dow Futures were still off, trading 112 points or 1 per cent lower.
Earlier, Asian stocks closed with deep losses for a second straight day. South Korea's Kospi was the worst performer falling over 5.5 per cent. The Hang Seng, which is Hong Kong's benchmark index, closed 1.5 per cent lower.
