Meter down: Markets struggling to B+

MUMBAI: The markets were struggling hard to recover and jump in positive terrain. In a volatile kind of market, the Bombay Stock Exchange benchmark Sensex slipped 109 points at 15081 and the wide based National Stock Exchange index Nifty was down 22 points at 4479, at around 2.45 p.m.

The indices were trading in a wave like way since morning. Steel stocks are leading the recovery. Jindal Steel has surged over 3.5% to Rs 2,758. Tata Steel has gained 2.3% to Rs 391, and SAIL has added 1.8% to Rs 169. Maruti has rallied nearly 3% to Rs 1,244. Maruti has launched its Maruit Grand Vitara recently. Idea Cellular has advanced over 2% to Rs 75. Ranbaxy, Larsen & Toubro and Reliance Infrastructure are the other prominent gainers.

On the other hand, TCS has plunged nearly 4% to Rs 481. GAIL India has shed 3.5% at Rs 327. Mahindra & Mahindra has dropped nearly 3% to Rs 798. Suzlon and BHEL have slipped around 2.5% each to Rs 92 and Rs 2,224. ITC, ACC, Sterlite, Tata Communications and NTPC are also down around 2% each. Meanwhile, the BSE index, the Sensex is now down 100 points at 15,091. The market breadth is almost neutral, with 1,293 declining stocks as against 1,249 advancing stocks.