 "Market remains rangebound; NTPC down 10%")
Market traded in a narrow range while bechmarks remain subdued due to profit book in heavyweights.
The 30-share BSE Sensex was trading at 21292 down 34 points while the broader 50-share Nifty index of NSE was at 6,346 levels, down 18 points.
TCS, Wipro, Cipla, Bajaj Auto, Infosys, Reliance were up between 0.8 - 2.9% while L&T, ICICI Bank, BHEL, ONCG losing between 2-5%. NTPC, which is the biggest Sensex loser, scrapped 9.8%, after the Central Electricity Regulatory Commission (CERC) released draft regulations that will decide the multi-year power tariffs for 2014-2019..
The rupee is trading at 61.06/07 versus its close of 61.13/14 on Monday, tracking the dollar's losses versus other Asian currencies.
Stocks mostly edged up in Asian trade on Tuesday, while tighter money market conditions in the euro zone helped the euro climb to a five-year peak against the yen and a six-week high against the dollar.
Almost all Asian currencies trading stronger compared to the dollar.
(update at 1030 hrs)
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After opening flat to negative key indices extended losses in early trades with profit taking seen in capital goods, financial and oil & gas heavyweights.
L&T, ICICI Bank, NTPC, ONGC and SBI remain top losers on the Sensex pulling it down while gains in TCS, RIL, ITC, Bajaj Auto and Dr. Reddy's labs capped the losses.
After a stellar state-poll-results-rally which saw bechmarks end at their life-highs, investors are likely to take some profits off the table on Tuesday.
The 30-share Bombay Stock Exchange (BSE) Sensex is currently at 21,277 levels down almost 50 while the broader 50-unit Nifty index of the National Stock Exchange (NSE) down almost 20 points at 6,344 levels.
Broader markets are too trading flat; mid-caps are up marginally while small-caps are in the red zone.
Power stock index, down 3.4%, is under heavy selling pressure on the BSE sectoral indices followed by Capital goods are down 1.6%, banks, auto and oil & gas are other losers.
IT and TECk are up between 0.4-0.6% higher, FMCG and healhcare indices are up 0.1-0.2%.
In Asia, stocks edged up in early Asian trade on Tuesday, while tighter money market conditions in the euro zone drove the euro close to a five-year peak against the yen and a six-week high against the dollar.
MSCI's broadest index of Asia-Pacific shares outside Japan was slightly higher, though trading was cautious ahead of next week's U.S. Federal Reserve meeting.
Overnight in US markets, Stocks edged higher on Monday, with the S&P 500 closing at a record high, as traders awaited more clues from the Federal Reserve on whether the U.S. central bank would soon begin winding down its economic stimulus.
Volume was light and a volatility index fell, signaling calm among traders. The Dow industrials traded within 43.11 points from session high to intraday low, in the Dow's tightest daily range since August 17, 2012.
The Dow Jones industrial average rose 0.03 percent, to finish at 16,025. The S&P 500 gained 0.18 percent, to end at 1,808, a record closing high. The Nasdaq Composite added 0.15 percent, to close at 4,069.
Watch out for Bharti Airtel, ITC, NMDC, ONGC and SBI.
Benchrose to a record high after the main opposition party, widely seen by investors as being more business friendly, swept recent state elections.
The 30-share BSE Sensex was trading at 21292 down 34 points while the broader 50-share Nifty index of NSE was at 6,346 levels, down 18 points.
TCS, Wipro, Cipla, Bajaj Auto, Infosys, Reliance were up between 0.8 - 2.9% while L&T, ICICI Bank, BHEL, ONCG losing between 2-5%. NTPC, which is the biggest Sensex loser, scrapped 9.8%, after the Central Electricity Regulatory Commission (CERC) released draft regulations that will decide the multi-year power tariffs for 2014-2019..
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In broader markets, BSE mid-cap index was up 0.1% while small-cap index was down 0.1%.
The rupee is trading at 61.06/07 versus its close of 61.13/14 on Monday, tracking the dollar's losses versus other Asian currencies.
Stocks mostly edged up in Asian trade on Tuesday, while tighter money market conditions in the euro zone helped the euro climb to a five-year peak against the yen and a six-week high against the dollar.
Almost all Asian currencies trading stronger compared to the dollar.
(update at 1030 hrs)
---------------------------------------------------------------------------------------------
After opening flat to negative key indices extended losses in early trades with profit taking seen in capital goods, financial and oil & gas heavyweights.
L&T, ICICI Bank, NTPC, ONGC and SBI remain top losers on the Sensex pulling it down while gains in TCS, RIL, ITC, Bajaj Auto and Dr. Reddy's labs capped the losses.
After a stellar state-poll-results-rally which saw bechmarks end at their life-highs, investors are likely to take some profits off the table on Tuesday.
The 30-share Bombay Stock Exchange (BSE) Sensex is currently at 21,277 levels down almost 50 while the broader 50-unit Nifty index of the National Stock Exchange (NSE) down almost 20 points at 6,344 levels.
Broader markets are too trading flat; mid-caps are up marginally while small-caps are in the red zone.
Power stock index, down 3.4%, is under heavy selling pressure on the BSE sectoral indices followed by Capital goods are down 1.6%, banks, auto and oil & gas are other losers.
IT and TECk are up between 0.4-0.6% higher, FMCG and healhcare indices are up 0.1-0.2%.
In Asia, stocks edged up in early Asian trade on Tuesday, while tighter money market conditions in the euro zone drove the euro close to a five-year peak against the yen and a six-week high against the dollar.
MSCI's broadest index of Asia-Pacific shares outside Japan was slightly higher, though trading was cautious ahead of next week's U.S. Federal Reserve meeting.
Overnight in US markets, Stocks edged higher on Monday, with the S&P 500 closing at a record high, as traders awaited more clues from the Federal Reserve on whether the U.S. central bank would soon begin winding down its economic stimulus.
Volume was light and a volatility index fell, signaling calm among traders. The Dow industrials traded within 43.11 points from session high to intraday low, in the Dow's tightest daily range since August 17, 2012.
The Dow Jones industrial average rose 0.03 percent, to finish at 16,025. The S&P 500 gained 0.18 percent, to end at 1,808, a record closing high. The Nasdaq Composite added 0.15 percent, to close at 4,069.
Watch out for Bharti Airtel, ITC, NMDC, ONGC and SBI.
Benchrose to a record high after the main opposition party, widely seen by investors as being more business friendly, swept recent state elections.