 "Markets pare gains; Sensex slips below 27,000")
Benchmark indices have turned marginally weak as the losses in select index heavyweights and bank stocks have wiped off the gains in select oil and FMCG shares.
At 11:08AM, the 30-share Sensex was down 38 points at 26,949 and the 50-share Nifty was down 5 points at 8,122.
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(updated at 10:22AM)
Benchmark indices are trading marginally higher aided primarily by the gains in select oil and FMCG shares like Reliance, ONGC and Hindustan Unilever.
At 10:20 AM, the 30-share Sensex was up 37 points at 27,025 and the 50-share Nifty was up 16 points at 8,143.
In the broader market, both the BSE Midcap and Smallcap indices have performed better than the front-liners with gains of around 0.4% each. Market breadth in BSE is positive with 1,186 advances against 816 declines.
Meanwhile, foreign institutional investors were net sellers in Indian equities worth Rs 1,570.76 crore on Tuesday, as per provisional stock exchange data.
Buzzing Stocks
BSE Oil & Gas index, up 0.6% is the biggest gainer in followed by BSE Consumer Durables index, up 0.5%, BSE IT and FMCG indices, up 0.3% each. BSE Metal index, down 0.4% has lost the most followed by BSE Heathcare index and Bankex which are trading lower by 0.2% each.
FMCG major, HUL has gained over 3% after JP Morgan raises the stock to "neutral" from "underweight". Yesterday, Deutsche Bank had upgraded the stock to buy with a target price of Rs. 900 per share.
Despite sustained decline in global crude oil prices select oil shares have gained. RIL has gained around 2%and ONGC is up 1% while GAIL has declined around 3%.
IT stocks are trading mixed in opening deals. Infosys and TCS have gained around 0.5% and 0.9% each while Wipro is down 0.6%.
Auto stocks are in focus after the = prices of cars and sports utility vehicles (SUVs) soared by five-to-six per cent following the withdrawal of the excise duty concession in December 2014.
Maruti Suzuki has gained around 0.7% while Tata Motors has declined around 1.4%.
Losses in select financials have weighed on the indices. ICICI Bank has declined around 2% while mortgage lender HDFC and Axis Bank are trading flat.
Among other stocks, Aurobindo Pharma is trading higher by nearly 3% in early morning trade after the drug maker said it has received final approval from US health regulator to sell generic copies of Valsartan tablets used for treatment of hypertension.
At 11:08AM, the 30-share Sensex was down 38 points at 26,949 and the 50-share Nifty was down 5 points at 8,122.
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(updated at 10:22AM)
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Benchmark indices are trading marginally higher aided primarily by the gains in select oil and FMCG shares like Reliance, ONGC and Hindustan Unilever.
At 10:20 AM, the 30-share Sensex was up 37 points at 27,025 and the 50-share Nifty was up 16 points at 8,143.
In the broader market, both the BSE Midcap and Smallcap indices have performed better than the front-liners with gains of around 0.4% each. Market breadth in BSE is positive with 1,186 advances against 816 declines.
Meanwhile, foreign institutional investors were net sellers in Indian equities worth Rs 1,570.76 crore on Tuesday, as per provisional stock exchange data.
Buzzing Stocks
BSE Oil & Gas index, up 0.6% is the biggest gainer in followed by BSE Consumer Durables index, up 0.5%, BSE IT and FMCG indices, up 0.3% each. BSE Metal index, down 0.4% has lost the most followed by BSE Heathcare index and Bankex which are trading lower by 0.2% each.
FMCG major, HUL has gained over 3% after JP Morgan raises the stock to "neutral" from "underweight". Yesterday, Deutsche Bank had upgraded the stock to buy with a target price of Rs. 900 per share.
Despite sustained decline in global crude oil prices select oil shares have gained. RIL has gained around 2%and ONGC is up 1% while GAIL has declined around 3%.
IT stocks are trading mixed in opening deals. Infosys and TCS have gained around 0.5% and 0.9% each while Wipro is down 0.6%.
Auto stocks are in focus after the = prices of cars and sports utility vehicles (SUVs) soared by five-to-six per cent following the withdrawal of the excise duty concession in December 2014.
Maruti Suzuki has gained around 0.7% while Tata Motors has declined around 1.4%.
Losses in select financials have weighed on the indices. ICICI Bank has declined around 2% while mortgage lender HDFC and Axis Bank are trading flat.
Among other stocks, Aurobindo Pharma is trading higher by nearly 3% in early morning trade after the drug maker said it has received final approval from US health regulator to sell generic copies of Valsartan tablets used for treatment of hypertension.