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Even after strong Infosys results, the market seems to be unmoved.

Equity Tips
The Sensex is down 229.24 points or 0.9 percent at 24624.87 and the Nifty slips 80.75 points or 1 percent at 7481.65. About 252 shares have advanced, 1615 shares declined, and 65 shares are unchanged.

Infosys is up 4.5 percent. Tata Steel is down 5 percent while Tata Motors, Hindalco, Axis Bank and L&T.

International market outlook

Despite the market focus on an oil supply surplus, demand side pressures are also hurting prices, as world trade growth slows, a top HSBC economist said on Thursday.

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