Markets have slipped into the red after opening on the positive zone. The Sensex is down 31 points at 17,399. Nifty is down four points at 5,274.
Asian shares rose on Monday with sentiment brightening at the start of the third quarter after Europe agreed to shore up the region's banks. Japan's Nikkei average is up 14 points at 9,021. Straits and Taiwan are also up.
BSE oil & gas index is showing some weakness and is down 0.4 per cent at 8,046. Auto and bankex are down marginally as well. On the other hand, consumer durables, realty and power indices are up 0.6-1.2 per cent each.
ICICI Bank is the top loser among Sensex stocks and together with reliance, accounts for a 17 point fall on the Sensex. ONGC has slipped 0.7 per cent, followed by auto shares - Hero MotoCorp and Tata Motors. Dr Reddy's, Coal India
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