Indian indices were off lows but still in the negative terrain after Euroepean

Indian indices were off lows but still in the negative terrain after Euroepean markets pared losses. IT stocks gained momentum while realty, metals and auto space capped losses. At 2:10 pm, National Stock Exchange’s Nifty was at 3963.15, down 40.75 points or 1.02 per cent. The broader index touched an intra-day low of 3918.75 and high of 4003.40. Bombay Stock Exchange’s Sensex was at 13366.71, down 137.51 points or 1.02 per cent. The 30-share index hit a low of 13219.99 and high of 13461.68. BSE Midcap Index was down 3.23 per cent and BSE Smallcap Index declined 3.70 per cent. Amongst the sectoral indices, BSE IT Index was up 1.22 per cent. BSE Realty Index was down 4.68 per cent, BSE Metal Index slipped 3.47 per cent and BSE Auto Index declined 3.07 per cent. Sun Pharma (2.73%), Infosys Technologies (2.43%), ITC (2.05%), HCL Technologies (2.01%) and GAIL (1.75%) were amongst the Nifty gainers. Siemens (-7.46%), NALCO (-7.07%), SAIL (-6.81%), Reliance Power (-6.14%) and ABB (-6.08%) were the top losers in the index. European markets gave away early losses led by gains in energy stocks. FTSE 100 was up 0.26 per cent, DAX declined 0.24 per cent and CAC 40 fell 0.13 per cent.

Source : http://economictimes.indiatimes.com/Market-Watch-Nifty-off-lows-as-Europe-turns-positive/articleshow/4772216.cms