Mumbai: The markets have opened with marginally gain, but gave up its gain within a minute, and have been trading weakly.
While Nifty was hovering around 5120, buying was seen in IT, tech and metal space. However, power, oil and gas and bankex are witnessing selling pressure.
At 9.56 am, the Sensex was down 68 points, at 17305, and the Nifty down 16 points at 5128.25.
Reliance Petroleum, ACC, PNB, JP Associates and HDFC Bank were among the major losers, while major gainers are Satyam, Infosys, Wipro, TCS and HCL Technologies.
Asian markets
Asian markets showed mixed trading. China's Shanghai Composite rose 0.61 per cent or 22.65 points at 3,756.159. Japan's Nikkei advanced 0.93 per cent or 130.23 points at 14,179.49.
However, Hong Kong's Hang Seng was down 0.24 per cent or 62.46 points at 26,199.67. Singapore's Straits Times fell 0.04 per cent or 1.33 points at 3,247.42.
US markets
US markets rose to a four-month high. Financial and energy shares sparked the positive moves on the US indices. Fannie Mae climbed 8.9 per cent after dropping as much as 7.3 per cent as the government loosened restrictions on the company. The Dow Jones industrial average added 51.29 points, or 0.40 per cent, to 13,020.83.
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