Indices Consolidating : Cipla, Sun Pharma, Dr Reddy Up, Eicher, Tata Motors, Hero Down, LT Volume Up

Muted start for the Indian markets today with Sensex and Nifty 50 just floating above the base line. Cipla (2.9%), Sun Pharmaceutical Industries (2.3%), Dr. Reddys Laboratories (1.4%), Reliance Industries (1.2%), Shree Cement (1.2%), Wipro (1.1%) are trading with more than 1 percent gains while Eicher Motors (-3.7%), Tata Motors (-2.1%), Hero MotoCorp (-1.5%), Bharti Infratel (-1.4%), Maruti Suzuki India (-1.1%), Axis Bank (-1.0%) etc are with more than 1% loss.

Only Power Grid Corporation of India (5%), HCL Technologies (2%) and attracting buyers now which indicated a negative undercurrent as of now. Now only a domestic positive news or a positive opening in the Europe a surge in Dow futures can help the markets to recover otherwise being a Friday higher chances of markets falling further. Tata Steel (-72%), HDFC Bank (-68%), ICICI Bank (-63%), Axis Bank (-62%), Kotak Mahindra Bank (-60%), Zee Entertainment Enterprises (-54%), IndusInd Bank (-54%), State Bank of India (-54%) etc are with heavy sellers compared to their respective buy bids.

Only Larsen & Toubro (23.6%) is trading with more volume compared to 2 months average volume till 10:41am. Cipla (-11.8%), Eicher Motors (-27.3%), Tata Steel (-32.7%), Bharat Petroleum Corporation (-42.7%) etc also trading with better volumes compared to other Nifty 50 stocks.

Cipla (2.8%), Sun Pharmaceutical Industries (2.0%), Dr. Reddys Laboratories (1.4%), Tech Mahindra (1.4%), Reliance Industries (1.3%), Bharat Petroleum Corporation (1.0%) etc recovered more than 1% from their respective intra day lows today and Eicher Motors (-4.2%), Bharti Infratel (-3.5%), Tata Motors (-3.3%), Hero MotoCorp (-2.4%), Zee Entertainment Enterprises (-2.4%), Larsen & Toubro (-2.4%), GAIL India (-2.4%), Tata Steel (-2.3%) etc dropped more than 2% from their intra day high.