Nifty below 17900, Sensex below 60000; Bajaj Auto down 2%; IT index down 1%

Indian markets trade lower amid mixed global cues. Nifty trades below 17900, while Sensex slips from 60000 level. Both of the indices lost around 0.60% in earlier session.

Nifty IT continues its downward trend. Today Nifty IT index down by 1.09%. This index is followed by Nifty Pharma And Healthcare, Oil & Gas, and Banking and financial services stocks. Nifty Auto and other indices are in green. Mid-cap and small-cap indices are doing moderately well.

Powergrid tops Nifty 50 with 3.37% gains, while Bajaj Auto is at last place with 2.15% fall. Index heavyweights Reliance Industries, Infosys, TCS, HUL, HDFC twins and Bajaj twins all are in red causing the index to lose 110 points in today’s earlier trade.