 "Markets languish as investors turn jittery")
Markets continued to trade around the day's low with the BSE benchmark index down 169 points at 20,653 and the Nifty slipped 50 points to trade around the levels of 6,138. Selling pressure in financials and oil shares weighed on the indices.
In the broader market, the BSE Mid-cap index slipped 0.2% and the small-cap index was down 0.5%, both outperforming the Sensex which slipped 0.7%.
Rupee
According to currency dealers, later during the day the Reserve Bank of India may intervene to arrest significant weakness. Currency dealers said that the dollar demand is mainly coming from oil marketing companies.
Global Markets
Data showing China's exports rose more than expected in October hardly eased investors' cautious mood, with the CSI300 of the leading Shanghai and Shenzhen A-share listings falling to two-month lows.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5% and looked set for a loss of 1.7% on the week, while Japan's Nikkei average dropped 1%. Both indexes hit their lowest levels in about four weeks.
Asian shares slumped to a four-week low on Friday after Wall Street suffered its biggest fall in more than two months, as investors looked to the U.S. payrolls data for clues on when the Federal Reserve will scale back its stimulus.
European shares followed suit, a day after they failed to sustain gains sparked by the ECB easing. All the major markets, CAC, DAX and FTSE dropped 0.5-0.7%.
Sectors & Stocks
The BSE Consumer Durables index was the top loser among the sectoral indices down 2.3% followed by Oil & Gas, Bankex, PSU, IT and Auto indices down 0.1-1%
Meanwhile, Realty index advanced 1 % along with gains in Health Care, Metal, Capital Goods, Power and FMCG indices adding 0.2-0.5%.
In the oil and gas segment, Reliance Industries extended losses and was down 1.3% at Rs 874 and PSU exploration major ONGC was down nearly 2% at Rs 277.
HDFC group shares also witnessed selling pressure with HDFC down 3.3% and HDFC Bank slipped 2.4%.
Other Sensex losers include TCS, Maruti Suzuki, Coal India, Hindustan Unilever and Mahindra & Mahindra, slipping 1-2%.
Tata Motors, Tata Steel, Infosys, L&T and ITC were among the top Sensex gainers, adding 0.5-3%
The market breadth was negative. 1306 stocks declined while 988 stocks advanced on the BSE.
In the broader market, the BSE Mid-cap index slipped 0.2% and the small-cap index was down 0.5%, both outperforming the Sensex which slipped 0.7%.
Rupee
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The rupee weakened in morning trade today due to dollar buying by banks for corporates. At 1430 hrs, the rupee was trading at Rs 62.63 compared with previous close of Rs 62.42 per dollar.
According to currency dealers, later during the day the Reserve Bank of India may intervene to arrest significant weakness. Currency dealers said that the dollar demand is mainly coming from oil marketing companies.
Global Markets
Data showing China's exports rose more than expected in October hardly eased investors' cautious mood, with the CSI300 of the leading Shanghai and Shenzhen A-share listings falling to two-month lows.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5% and looked set for a loss of 1.7% on the week, while Japan's Nikkei average dropped 1%. Both indexes hit their lowest levels in about four weeks.
Asian shares slumped to a four-week low on Friday after Wall Street suffered its biggest fall in more than two months, as investors looked to the U.S. payrolls data for clues on when the Federal Reserve will scale back its stimulus.
European shares followed suit, a day after they failed to sustain gains sparked by the ECB easing. All the major markets, CAC, DAX and FTSE dropped 0.5-0.7%.
Sectors & Stocks
The BSE Consumer Durables index was the top loser among the sectoral indices down 2.3% followed by Oil & Gas, Bankex, PSU, IT and Auto indices down 0.1-1%
Meanwhile, Realty index advanced 1 % along with gains in Health Care, Metal, Capital Goods, Power and FMCG indices adding 0.2-0.5%.
In the oil and gas segment, Reliance Industries extended losses and was down 1.3% at Rs 874 and PSU exploration major ONGC was down nearly 2% at Rs 277.
HDFC group shares also witnessed selling pressure with HDFC down 3.3% and HDFC Bank slipped 2.4%.
Other Sensex losers include TCS, Maruti Suzuki, Coal India, Hindustan Unilever and Mahindra & Mahindra, slipping 1-2%.
Tata Motors, Tata Steel, Infosys, L&T and ITC were among the top Sensex gainers, adding 0.5-3%
The market breadth was negative. 1306 stocks declined while 988 stocks advanced on the BSE.