 "Markets marginally down, banks weigh")
Markets continue to trade marginally lower in late noon trades on Wednesday weighed down by profit taking in financials and index heavyweight Reliance Industries.
At 2:35PM, the 30-share Sensex was down 67 points at 20,908 and the 50-share Nifty was down 28 points at 6,226.
The rupee weakened in late noon trade today due to dollar demand from importers. According to currency dealers, besides dollar gaining against other currencies in the global markets, lower opening in the domestic equity market too influenced the rupee's depreciation.
Asian shares ended lower on Wednesday with the exception of Japan's Nikkei which ended up 0.8% after global car major Toyota Motor Corp upped its earnings guidance. Japan's Nikkei ended up 0.8% while Straits Times and Hang Seng ended flat with negative bias while Shanghai COmposite ended down 0.8%.
European stocks were trading higher on better-than-expected earnings from Alstom SA and ING Group NV. The CAC-40, DAX and FTSE-100 were up 0.2-0.7% each.
The BSE Bankex was the top loser among the sectoral indices on the BSE down 1.3% followed by Realty, Metal, Consumer Durables, Oil and Gas indices. Gainers include BSE Power, IT and Healthcare indices.
In the financials space, HDFC, HDFC Bank, ICICI Bank and SBI were down 1-2% each.
Index heavyweight Reliance Industries was down 1.1% at Rs 899.35.
Tata Motors was down nearly 1% amid profit taking after the stock touched a 52-week high of Rs 401 on the BSE in intra-day trade today.
Other Sensex losers include, Sesa Sterlite, Bharti Airtel and Hindustan Unilever.
IT stocks gained among a weakening rupee. Sensex gainers include, TCS and Infosys along with Sun Pharma. ITC which had dropped over 3% rebounded today and was trading with marginal gains.
The BSE Mid-cap was marginally up by 0.3% and the BSE Small-cap index was up 1%.
Market breadth was positive with 1,324 gainers and 1,030 losers on the BSE.
At 2:35PM, the 30-share Sensex was down 67 points at 20,908 and the 50-share Nifty was down 28 points at 6,226.
The rupee weakened in late noon trade today due to dollar demand from importers. According to currency dealers, besides dollar gaining against other currencies in the global markets, lower opening in the domestic equity market too influenced the rupee's depreciation.
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At 2:35PM, the rupee was trading at Rs 62.22 compared with previous close of Rs 61.63 per dollar.
Asian shares ended lower on Wednesday with the exception of Japan's Nikkei which ended up 0.8% after global car major Toyota Motor Corp upped its earnings guidance. Japan's Nikkei ended up 0.8% while Straits Times and Hang Seng ended flat with negative bias while Shanghai COmposite ended down 0.8%.
European stocks were trading higher on better-than-expected earnings from Alstom SA and ING Group NV. The CAC-40, DAX and FTSE-100 were up 0.2-0.7% each.
The BSE Bankex was the top loser among the sectoral indices on the BSE down 1.3% followed by Realty, Metal, Consumer Durables, Oil and Gas indices. Gainers include BSE Power, IT and Healthcare indices.
In the financials space, HDFC, HDFC Bank, ICICI Bank and SBI were down 1-2% each.
Index heavyweight Reliance Industries was down 1.1% at Rs 899.35.
Tata Motors was down nearly 1% amid profit taking after the stock touched a 52-week high of Rs 401 on the BSE in intra-day trade today.
Other Sensex losers include, Sesa Sterlite, Bharti Airtel and Hindustan Unilever.
IT stocks gained among a weakening rupee. Sensex gainers include, TCS and Infosys along with Sun Pharma. ITC which had dropped over 3% rebounded today and was trading with marginal gains.
The BSE Mid-cap was marginally up by 0.3% and the BSE Small-cap index was up 1%.
Market breadth was positive with 1,324 gainers and 1,030 losers on the BSE.