Stock Markets weak; NSE Nifty down by 140 points.

Indian Stock Markets Weak, BSE, NSE under Bear PhaseIndian Stock markets are still trading in negative zone. Nifty has been trading with a loss of more than 150 points. BSE Sensex is also trading within a 100 point range at a loss of nearly 400 points.

Markets opened weak as the stock markets across the globe have remained weak in previous trading session. Asian markets have been trading with huge losses as well.

Metal and Banking Stocks are trading weak. SBI is holding in the green while PNB, ICICI Bank and HDFC are trading with loss. HDFC bank is trading with a loss of 4.6% at 1.30 pm. Reliance is another big loser in today’s trading session.

Infosys is also trading lower by 4.5 % while Satyam Computers was holding strong since morning. Ranbaxy Labs was also weak.

Neyveli Lignite has been gaining since last few trading sessions. The stock gained in today’s trading session as well and is currently quoting at Rs 172.

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