Markets trade near day's lowest point. The Sensex is now down 121 points at 18,101 and the Nifty is trading down 32 points at 5427.

Updated At 2:14 pm

The European markets are trading in the red, led by decline in mining stocks as concerns of recovery loom. FTSE 100, CAC and DAX are trading lower by 1% each.

June industrial output and inflation data from China has dragged the Shanghai Composite down 0.5% to 2,608; Japan's Nikkei average has declined 2.8% to 9,292 due to the rising yen and other Asian indices, including the Hang Seng, Kospi and Taiwan weighted have fallen by almost 1%.

Realty is the top sectoral loser, down 1.2%, dragged by Orbit Corporation, down 3.2% to Rs 129, Unitech has declined 2.1% to Rs 87 and Sobha Developers has fallen 1.6% to Rs 367.

Auto continues to top the gainers list, led by Tata Motors, up 5.2% to Rs 1007.

On the Sensex, Tata Motors continues to lead the gains, followed by Hindalco, up 2.7% at Rs 168, and Jindal Steel has surged 1.2% at Rs 640

On the losers side, M&M has fallen 2.7% at Rs 623, Tata Steel & Wipro are down 2% each at Rs 527 & Rs 419 respectively.

The market breadth has turned negative, with 1,584 stocks declining as against 1,316