Mkts trading with modest cut; cap good, oil stocks up

The markets have gained some points and recovered from the morning lows on account of some buying witnessed in the midcap and smallcap spaces. IT, banking, metal and pharma stocks were still trading with deep cut; however capital goods, consumer durables and oil & gas stocks were in focus.
The market breadth was positive with over 600 stocks on the advancing side on NSE and about 530 stocks on the decline side. Volume so far has been good; over 23 thousand crore worth of trade has taken place on BSE, NSE cash market and F&O.
At 10.32 hrs IST, the Sensex is down 61.53 points or 0.30% at 20625.36, and the Nifty down 30.50 points or 0.49% at 6243.80. About 1769 shares have advanced, 1125 shares declined, and 48 shares are unchanged.
Top gainers on the Sensex were Reliance Comm at Rs 776 up 2.10%, Reliance Energy at Rs 2,542 up 1.26% and Tata Steel at Rs 941 up 1.17%.
Top losers on the Sensex were HDFC Bank at Rs 1,649 down 2.85%, Wipro at Rs 485.30 down 2.32% and Infosys at Rs 1,663 down 1.88%.
RNRL, RPL, Hindustan Motors were the most active stocks in todays trade.
Mkts open in red on weak global cues
The markets opened on weak note today taking cues from the global markets. Huge selling pressure was seen across the sectors led by the technology, pharma and banking.
At 9:56 am, Sensex was down 169.10 points at 20517.19 and Nifty was down 52.35 at 6221.95. Major losers in the opening trade were Rel Petroleum, ABB, GAIL, BPCL, PNB, ICICI bank, HDFC Bank, VSNL, Bharti Airtel, BHEL, Infosys and TCS and Wipro.
Asian markets were tumble today. Hong Kong's Hang Seng plunged 2.62%o r 720.60 points at 26,799.09. Taiwan's Taiwan Weighted tumbled 3.29% or 270.19 points at 7,950.91. Japan's Nikkei slipped 1% or 147.29 points at 14,544.12. Singapore's Straits Times dropped 2.33% or 80.14 points at 3,357.65. South Korea's Seoul Composite was down 1.90% or 35.46 points at 1,828.44.
US markets: The US markets tumbled after the government reported lower than expected job growth in December. The Dow tumbled 256.54 points, or 1.96%, to 12,800.18, while the Standard & Poor's 500 index slipped 35.53 points, or 2.46%, to 1,411.63.The Nasdaq plunged 98.03 points, or 3.77%, to 2,504.65