The markets today opened lower on the back of overnight losses in the US markets and mixed cues from the Asian markets. The markets are now trading weak ahead of the F&O expiry today. The Government is also slated to unveil an interim trade policy today. Further the investor’s are also keeping an eye over the inflation figures today and also the key Q3 GDP data to be announced tomorrow. India''s annual inflation rate is expected to fall from 3.92% previous week. The Realty, Banking, Consumer Durables and Metal stocks are witnessing some selling pressure in the opening trade. However the Capital Goods index is trading marginally higher in the early trade. The BSE Mid Cap and the Small Cap index are also trading lower.
The Asian markets are trading mixed today as Nikkei 225 and Seoul Composite index are trading higher by (0.84%) and (0.24%) respectively. However, the Shanghai Composite, Hang Seng and Straits Times index are trading down by (0.32%), (0.80%) and (0.19%) respectively.
The US markets on Wednesday ended lower after dividend cuts triggered a sell-off in insurers and an unexpected drop in home sales dragged down industrial shares. This has overshadowed speculation that banks will pass the government''s so-called stress tests. The January existing homes sales fell more than expected to their lowest level since 1997, as it dropped 5.3% to a seasonally adjusted annual rate of 4.49 million in January. The Dow Jones Industrial Average (DJIA) dropped by 80.05 points to close at 7,270.89. The NASDAQ Composite (RIXF) index decreased by 16.40 points to close at 1,425.43 and the S&P 500 (SPX) fell by 8.24 points to close at 764.90.
The BSE Sensex is now trading around the 8,800 mark and the NSE Nifty trading below the 2,750 mark.
Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading higher by (1.97%) at Rs. 142.60, while Ranbaxy Laboratories reported the top loser down by (13.46%) at Rs. 179.35.
The overall market breadth is negative as 509 stocks are advancing while 618 stocks are declining on BSE.
At 10.37AM, the BSE Sensex was down by 90.41 points at 8,812.15 and the Nifty was down by 23.70 points to 2,738.80.
The BSE Mid Cap decreased by 8.89 points to 2,748.09 and the BSE Small Cap fell by 15.59 points to 3,119.10.
BSE Realty index is trading lower by 17.74 points or (1.23%) to trade at 1,429.55. The top losers are DLF decreased by (3.49%) to Rs.149.20, Mahindra Life down by (2.44%) to Rs.96.05, Ansal Infra declined by (1.61%) to Rs.24.45 followed by Sobha Developers fell by (0.89%) to Rs. 77.55.
BSE Bank index is trading lower by 41.15 points or (0.96%) to trade at 4,235.88. The major losers are Kotak Bank declined by (2.35%) to Rs. 247, ICICI Bank down by (2.20%) to Rs.333, Axis Bank decreased by (1.76%) to Rs.359.80 followed by PNB fell by (1.61%) to Rs.335.95.
Tata Motors is trading higher by (1.78%) at Rs. 142.60. The company has launched its Xenon XT (cross terrain), a five-seater pickup. The vehicle comes in two versions.
Ranbaxy Laboratories plunged by 13% in the early trade after the US health regulator FDA on Wednesday said Ranbaxy has falsified data and test results in its drug application at its Himachal Pradesh facility to obtain marketing approval in the United States.
The Asian markets are trading mixed today as Nikkei 225 and Seoul Composite index are trading higher by (0.84%) and (0.24%) respectively. However, the Shanghai Composite, Hang Seng and Straits Times index are trading down by (0.32%), (0.80%) and (0.19%) respectively.
The US markets on Wednesday ended lower after dividend cuts triggered a sell-off in insurers and an unexpected drop in home sales dragged down industrial shares. This has overshadowed speculation that banks will pass the government''s so-called stress tests. The January existing homes sales fell more than expected to their lowest level since 1997, as it dropped 5.3% to a seasonally adjusted annual rate of 4.49 million in January. The Dow Jones Industrial Average (DJIA) dropped by 80.05 points to close at 7,270.89. The NASDAQ Composite (RIXF) index decreased by 16.40 points to close at 1,425.43 and the S&P 500 (SPX) fell by 8.24 points to close at 764.90.
The BSE Sensex is now trading around the 8,800 mark and the NSE Nifty trading below the 2,750 mark.
Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading higher by (1.97%) at Rs. 142.60, while Ranbaxy Laboratories reported the top loser down by (13.46%) at Rs. 179.35.
The overall market breadth is negative as 509 stocks are advancing while 618 stocks are declining on BSE.
At 10.37AM, the BSE Sensex was down by 90.41 points at 8,812.15 and the Nifty was down by 23.70 points to 2,738.80.
The BSE Mid Cap decreased by 8.89 points to 2,748.09 and the BSE Small Cap fell by 15.59 points to 3,119.10.
BSE Realty index is trading lower by 17.74 points or (1.23%) to trade at 1,429.55. The top losers are DLF decreased by (3.49%) to Rs.149.20, Mahindra Life down by (2.44%) to Rs.96.05, Ansal Infra declined by (1.61%) to Rs.24.45 followed by Sobha Developers fell by (0.89%) to Rs. 77.55.
BSE Bank index is trading lower by 41.15 points or (0.96%) to trade at 4,235.88. The major losers are Kotak Bank declined by (2.35%) to Rs. 247, ICICI Bank down by (2.20%) to Rs.333, Axis Bank decreased by (1.76%) to Rs.359.80 followed by PNB fell by (1.61%) to Rs.335.95.
Tata Motors is trading higher by (1.78%) at Rs. 142.60. The company has launched its Xenon XT (cross terrain), a five-seater pickup. The vehicle comes in two versions.
Ranbaxy Laboratories plunged by 13% in the early trade after the US health regulator FDA on Wednesday said Ranbaxy has falsified data and test results in its drug application at its Himachal Pradesh facility to obtain marketing approval in the United States.
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