Sensex down by 100 points

The Indian markets have extended their morning losses. The Sensex has further lost in value and is down by 110 points, while Nifty is trading down by 31 points.

Other Asian markets have shown a similar trend. Hang Seng, which was marginally up in the morning trades, slipped into negative territory. Nikkei closed with marginal 0.08% gains, while Shanghai was down by 1.07%.

Meanwhile, the European markets have opened in the positive.

Among the sectoral indices, the Auto index has surged by 1.50%. CG is also up by 0.71%. Other indices trading marginally in the positive are Metals, Power and HC. All the other sectors are down by varying percentages. CD is down by 1.91%, largely due to the lower-than-expected profits reported by Titan Industries.

15 of the 30 Sensex stocks are trading in positives. Tata Power has emerged as a top gainer, trading with intraday gains of 3.76%. The Auto companies on the Sensex have continued running in the positive territory. Jindal Steel, Tata Steel, L&T, BHEL, Sun Pharma and Sterlite Industries are also among the gainers. RIL gained 5 points after the company's buyback plan opened today. However, Coal India is down by 2.5% and ICICI Bank also lost over 2% in the afternoon trades.

Financial Tech, Oracle Finance and United Breweries have each gained over 5%. IOC, Titan Industries and HPCL are the top losers in the 'A group' stocks.

The market breadth, which indicates the overall health of the market, is positive. Out of a total of 3074 stocks, 1820 stocks advanced, 1144 stocks declined and 110 stocks remained unchanged.

In our opinion, the markets may trim their losses but will continue to remain volatile ahead today.