Stock markets have dropped further after selling continued. NSE Nifty has broken 5600 mark and has touched a low of 5590. BSE Sensex has lost 600 points at 2.30 pm. Technical Analysts believe that the correction will continue for next 1 – 2 trading sessions. There may be many buying opportunities at lower levels. Stocks have witnessed good amount of selling as traders are booking profits. The ending of F&O is also near. The markets could remain weak for next few sessions.

HDFC Bank has lost nearly 3.2%. The stock has touched a low of Rs 1565. Largest Indian bank SBI has also lost nearly 3.7 percent. SBI has touched a low of Rs 2193 on NSE.

Metal Counter SAIL has lost nearly 3.5%. While cement counter ACC is holding in the green. Grasim is down by 2.2%.

ITC has lost nearly 5 percent. M&M and Maruti have lost nearly 4% while Hero Honda is marginally down.