Business IdeasMarkets remain sideways
The Sensex is quoting at 17,636, higher by 20 points, and the Nifty is at 5,271, up 8 points.
- Sensex near day"s low - Markets extend losses - Another lacklustre day - Sensex up marginally in early trades - F&O OUTLOOOK: Trading indicates fresh declines in near future - US markets end flat; ADRs in green
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The Indian markets have been trading in a listless manner in the past one hour. The Sensex is quoting at 17,594, weaker by 22 points, and the Nifty is at 5,258, down 4 points.
The IT stocks continue to languish despite the rupee"s weakness after touching a 15-month high on the previous day.
HCL Tech is the top loser on the NSE, down 2% at Rs 352. Hero Honda is down 1.7% at Rs 1624 and Infosys has weakened by 1.7% at Rs 2482. Maruti and Wipro have dropped between 1% and 2% at Rs 1429 and Rs 669, respectively.
On the other hand, Sun Pharma has jumped 2.8% at Rs 1,592, Siemens has appreciated by 2.7% at RS 632 and Jaiprakash Associates has hardened by 2.4% at Rs 162. DLF, ABB and BPCL are the other major gainers.
The market breadth is strong. There are 930 advancing stocks as against 341 declining stocks on the NSE.