India Stock markets were trading in negative zone after technology, banking and auto stocks saw decline in valuations. The stock markets saw some support from FMCG and metal counters. Market breadth was normal compared to last 30 days average. Auto stocks were down due to profit booking.

Nifty was down by 10 points and BSE Sensex was down by 54 points around 3.20 pm.

Among most active stocks were Reliance Industries (Up 0.23%), IFCI (Up 4.57%), Tata Steel (Up 2.24%) and Motilal Oswal (Up 18.41%). Among major losers were Infosys Technologies, TCS, Wipro and Satyam Computers.

Metal counters Hindalco, Tata Steel were among gainers while SAIL was marginally down.

Motilal Oswal listed at a good premium from its offer price. The stock touched a high of Rs 999 on BSE and was trading strong. Shared worth Rs 608 crore exchanged hands and the stock ended around 976 levels.

There were 1417 stocks in green and 1308 in red on Bombay Stock Exchange. Similar percentage was seen on NSE.

Asian markets also ended mixed. European markets opened strong and FTSE was up by nearly 1 per cent.