Sensex recovers some initial losses; still down by 21 pts

Sensex recovers some initial losses; still down by 21 pts Mumbai: The Sensex recovered some of its initial losses but was still trading 21 points down on Monday due to selling in Realty, FMCG, Capital Goods, Metal and Auto stocks amid weak investor cues from other Asian markets.

The Stock market may remain volatile this week as traders roll over positions in the futures & options (F&O) segment from October series to the next month's. This month's settlement in the derivatives segment will be on Thursday.

The BSE 30-stock index, Sensex, resumed lower at 18,655.93 and dropped further to 18,600.88. It recovered later to 18,672.86 before quoting at 18,661.58 at 1025hrs - down 20.73 points of 0.11 percent from its last close.

The NSE 50-sahre Nifty also moved down by 12.45 points or 0.22 percent to 5,671.80.

Major losers were Sterlite (1.49 percent), Tata Motors (1.45 percent), ITC (1.43 pc), Sunpharma (1.22 percent) and SBI (1.17 percent).

Key indices in China, Indonesia, Japan, Singapore, Taiwan and South Korea were down by up to 0.76 percent.

PTI