 "Markets open marginally lower, Infosys weighs")
Markets have started the trading session on a marginally lower note led by profit booking among index heavyweight Infosys. The WPI inflation data scheduled after market hours today will be crucial trigger for the markets.
By 9:40, the Sensex was lower by 54 points at 19,903 whereas the Nifty slipped by 21 points at 5,988.
According to the technical experts, the Sensex is likely to trade with a positive bias as long as the index sustains above 19,925, below which the index can slip to 19,700.
On the global front, Asian stocks erased early losses on Monday, while the Australian dollar popped higher as investors heaved a sigh of relief after a batch of Chinese data showed the slowdown in the region's economic powerhouse was not as bad as feared.
China's second-quarter economic growth cooled to 7.5% versus a year earlier, from 7.7%, in line with expectations.
China's GDP growth slowed in the second quarter to 7.5% year-on-year as weak overseas demand weighed on output and investment, lining up a test of Beijing's resolve to revamp the world's second-biggest economy in the face of deteriorating data.
Back home, BSE Healthcare, FMCG and Capital Goods indices have gained by nearly 1% each. However, BSE Metal index has declined by nearly 1%.
The main losers on the Sensex at this hour include Tata Steel, Infosys, Coal India, SBI, Tata Motors, JSPL, ICICI Bank and HDFC Bank.
Tata Steel has plunged by over 3%. Tata Steel's European arm has reported a record loss of 1.2 billion pounds for the year. Tata Steel Europe, Britain's largest steel producer, reported the losses for the year until March 31 as part of its latest results filed at Companies House in the UK.
Index heavyweight Infosys has dropped by nearly 2% on account of profit booking. The stock zoomed on Friday after witnessing a good set of Q1 numbers.
Shares of state-owned oil marketing companies are trading higher in the range of 1-2% in early morning deals after these companies hiked price of petrol by Rs 1.55 a liter due to falling rupee and rising international oil prices.
Among the individual stocks, Indian Oil Corporation is up 2.2% at Rs 225, followed by HPCL (up 1.7% at Rs 237) and BPCL (up 1.5% at Rs 348) on the Bombay Stock Exchange.
The market breadth in BSE remains almost neutral.
By 9:40, the Sensex was lower by 54 points at 19,903 whereas the Nifty slipped by 21 points at 5,988.
According to the technical experts, the Sensex is likely to trade with a positive bias as long as the index sustains above 19,925, below which the index can slip to 19,700.
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On the upside, the index can surge to 20,100 or further higher to 20,260.
On the global front, Asian stocks erased early losses on Monday, while the Australian dollar popped higher as investors heaved a sigh of relief after a batch of Chinese data showed the slowdown in the region's economic powerhouse was not as bad as feared.
China's second-quarter economic growth cooled to 7.5% versus a year earlier, from 7.7%, in line with expectations.
China's GDP growth slowed in the second quarter to 7.5% year-on-year as weak overseas demand weighed on output and investment, lining up a test of Beijing's resolve to revamp the world's second-biggest economy in the face of deteriorating data.
Back home, BSE Healthcare, FMCG and Capital Goods indices have gained by nearly 1% each. However, BSE Metal index has declined by nearly 1%.
The main losers on the Sensex at this hour include Tata Steel, Infosys, Coal India, SBI, Tata Motors, JSPL, ICICI Bank and HDFC Bank.
Tata Steel has plunged by over 3%. Tata Steel's European arm has reported a record loss of 1.2 billion pounds for the year. Tata Steel Europe, Britain's largest steel producer, reported the losses for the year until March 31 as part of its latest results filed at Companies House in the UK.
Index heavyweight Infosys has dropped by nearly 2% on account of profit booking. The stock zoomed on Friday after witnessing a good set of Q1 numbers.
Shares of state-owned oil marketing companies are trading higher in the range of 1-2% in early morning deals after these companies hiked price of petrol by Rs 1.55 a liter due to falling rupee and rising international oil prices.
Among the individual stocks, Indian Oil Corporation is up 2.2% at Rs 225, followed by HPCL (up 1.7% at Rs 237) and BPCL (up 1.5% at Rs 348) on the Bombay Stock Exchange.
The market breadth in BSE remains almost neutral.