The key benchmark indices came off early highs as heavyweight Reliance Industries declined. The S&P CNX Nifty slipped into the red. Mid-cap and small-cap stocks were in demand. Auto and capital goods stocks recovered. The market mirrored the Asian markets, which lost ground after a firm start. The market breadth was strong. 17 out of 30 stocks from the Sensex pack were in green.
The market has been volatile over the past few days due to alternate bouts of buying and selling amid FII sales caused by redemption pressure in their home countries and fears of a US recession arising from housing slump and credit crisis.
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