The markets continue to languish in red. The Sensex is now at 16,835, down 60 points.
Among the sectoral indices, realty, oil & gas and banking indices have slipped 0.5% each.
Telugu Desam Party (TDP) and Praja Rajyam Party are in a fix over their stand on Telangana and the leaderships have dropped enough hints about a "re-think" in the wake of mounting pressure from within the ranks for a unified Andhra Pradesh.
The markets rose steadily for the better part of the week on news of robust GDP numbers and allaying of fears on the Dubai repayment crisis. The S&P CNX 500 index rose over 4 per cent to 4,239, thereby taking the benchmark’s portfolio value higher to Rs 11.04 lakh as against Rs 10.60 lakh in the preceding week.
Harrisons Malayalam Ltd (HML), the integrated agriculture player which is part of the RPG group, is mulling entry into the fruit juice segment in a year’s time. The company produces pineapple and passion fruit at its plantations in Kerala and is evaluating branching out into fruit juice.