 "Markets pare intraday gains as heavyweights slip")
After a brief recovery from intra-day lows, the benchmark indices have slipped in noon trades with the Sensex down 91 points at 20,574 and the Nifty slipped 36 points to trade at 6,104. The ones weighing on the indices were L&T, ONGC, Tata Motors and Jindal Steel.
In the broader markets, the mid and smallcap indices slipped 0.2% each, both outperforming the Sensex which lost 0.4%.
Meanwhile, trade deficit jumped in October after having fallen to a two-and-a-half-year low the previous month, as overseas purchases of gold picked up ahead of the festival season, provisional government data showed on Monday.
Meanwhile, the rupee breached the 63 per dollar mark in morning trade, tracking the Non-Deliverable Forwards (NDF) market coupled with dollar demand from Oil Marketing Companies (OMCs). At 1430 hrs, the Indian Rupee is quoting at 63.39 to a Dollar.
Global Markets
Asian shares fell to a four-week low on Monday as a surprise surge in U.S. jobs growth heightened worries the Federal Reserve will start reducing stimulus as soon as next month -- boosting the dollar against the euro, yen and emerging currencies.
MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.5%, hitting its lowest since October 11 and extending Friday's 1% drop.
Jakarta shares fell 0.8%, Thai stocks lost 1.5% and the Manila bourse dropped 1.7%.
The Chinese CSI300 Index rose 0.4% in a choppy session after touching a 2-1/2 month low, with investors awaiting the end of a four-day closed-door policy meeting of the Chinese Communist Party on Tuesday that will set the economic agenda for the next decade.
Sectors & Stocks
On the sectoral front, Health Care, IT and Teck indices were the only indices in the green with gains between 0.4-0.5%.
Among the ones in the red, Capital Goods, Realty, PSU and Oil & Gas indices slipped 1-2%.
Power, Auto, Metal, FMCG, Bankex and Consumer Durables indices were down 0.4-0.9%.
The only gainers among the sensex-30 were Dr Reddys Lab up 2.5% followed by Tata Steel and HDFC Bank up 1% each.
TCS, Maruti Suzuki, Cipla, Wipro, Infosys and Mahindra & Mahindra which gained 0.1-0.6% rounded off the gainers list.
On the losing side were Hindalco, L&T, ONGC and Jindal Steel down 2-3%.
Hero MotoCorp, Tata Motors, Hindustan Unilever, SBI, Bajaj Auto, NTPC, RIL, SSLT and Bharti Airtel down 1-1.7% were the other notable losers.
The market breadth was negative on the BSE. 1,249 stocks declined while 1,033 stocks advanced on the BSE.
In the broader markets, the mid and smallcap indices slipped 0.2% each, both outperforming the Sensex which lost 0.4%.
Meanwhile, trade deficit jumped in October after having fallen to a two-and-a-half-year low the previous month, as overseas purchases of gold picked up ahead of the festival season, provisional government data showed on Monday.
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The deficit for the month stood at $10.56 billion, compared with $6.7 billion in September, the trade ministry said.
Meanwhile, the rupee breached the 63 per dollar mark in morning trade, tracking the Non-Deliverable Forwards (NDF) market coupled with dollar demand from Oil Marketing Companies (OMCs). At 1430 hrs, the Indian Rupee is quoting at 63.39 to a Dollar.
Global Markets
Asian shares fell to a four-week low on Monday as a surprise surge in U.S. jobs growth heightened worries the Federal Reserve will start reducing stimulus as soon as next month -- boosting the dollar against the euro, yen and emerging currencies.
MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.5%, hitting its lowest since October 11 and extending Friday's 1% drop.
Jakarta shares fell 0.8%, Thai stocks lost 1.5% and the Manila bourse dropped 1.7%.
The Chinese CSI300 Index rose 0.4% in a choppy session after touching a 2-1/2 month low, with investors awaiting the end of a four-day closed-door policy meeting of the Chinese Communist Party on Tuesday that will set the economic agenda for the next decade.
Sectors & Stocks
On the sectoral front, Health Care, IT and Teck indices were the only indices in the green with gains between 0.4-0.5%.
Among the ones in the red, Capital Goods, Realty, PSU and Oil & Gas indices slipped 1-2%.
Power, Auto, Metal, FMCG, Bankex and Consumer Durables indices were down 0.4-0.9%.
The only gainers among the sensex-30 were Dr Reddys Lab up 2.5% followed by Tata Steel and HDFC Bank up 1% each.
TCS, Maruti Suzuki, Cipla, Wipro, Infosys and Mahindra & Mahindra which gained 0.1-0.6% rounded off the gainers list.
On the losing side were Hindalco, L&T, ONGC and Jindal Steel down 2-3%.
Hero MotoCorp, Tata Motors, Hindustan Unilever, SBI, Bajaj Auto, NTPC, RIL, SSLT and Bharti Airtel down 1-1.7% were the other notable losers.
The market breadth was negative on the BSE. 1,249 stocks declined while 1,033 stocks advanced on the BSE.