 "Markets recover from day lows; financials gain")
Markets recovered marginally from the lows of the day in noon trades on the back of strength in counters like HDFC, ICICI Bank and L&T. At 1245 hrs, the Sensex was down 24 points at 19,544 and the Nifty was in the negative at 5,919, down five points.
Earlier in the day, the Sensex had touched a low of 19,395 and the Nifty had dipped to 5,869.
In the broader markets, the smallcap index was flat with a negative bias and the midcap index gave off 0.1% in line with the Sensex.
The rupee resumed lower at 56.80 per dollar as against yesterday's closing level of 56.73 at the Interbank Foreign Exchange (Forex) market and dropped further to a low of 57.00 per dollar after 11 months before quoting at 56.80 per dollar at 1245hrs, showing a loss of 8 paise.
Asian shares tumbled to fresh 2013 lows on Thursday as growing uncertainty on whether the U.S. Federal Reserve would roll back its stimulus this year kept markets on edge, while turbulence in Japanese equities led to choppy dollar-yen trade.
MSCI's broadest index of Asia-Pacific shares outside Japan extended losses to drop as much as 1.2% to its lowest since late November. It had just snapped a four-day losing streak on Tuesday.
Japan's Nikkei stock average ended down 0.9% on a day of gyrations.
In Europe, FTSE and DAX started off marginally in the green gaining 0.1% each.
Back home, among the sectoral indices, Capital Goods, Bankex and Auto indices were in the green, trading up 0.1-0.6%. Meanwhile, Metal, Oil & Gas, Health care, PSU, Power, Realty, FMCG, IT and Consumer Durables indices were in the red, losing 0.04-1%.
The draggers among the Sensex-30 were Bharti Airtel, Hindalco, Gail India, Tata Steel, NTPC, Infosys, Sun Pharma, Coal India, Sterlite, Jindal Steel, Reliance Industries and Hero MotoCorp down 1-2.5%.
The gainers among the heavyweights were HDFC, Wipro, L&T and Maruti Suzuki gaining 1-1.5%.
ICICI Bank, Cipla, Tata Motors, Hindustan Unilever and TCS gaining 0.1-0.9% were the only names in the green among Sensex-30.
The market breadth was negative. 1,135 stocks declined while 874 stocks advanced on the BSE.
Earlier in the day, the Sensex had touched a low of 19,395 and the Nifty had dipped to 5,869.
In the broader markets, the smallcap index was flat with a negative bias and the midcap index gave off 0.1% in line with the Sensex.
Also Read
The rupee today hit the 57-level in the late morning trade after 11 months on persistent dollar demand from importers and banks.
The rupee resumed lower at 56.80 per dollar as against yesterday's closing level of 56.73 at the Interbank Foreign Exchange (Forex) market and dropped further to a low of 57.00 per dollar after 11 months before quoting at 56.80 per dollar at 1245hrs, showing a loss of 8 paise.
Asian shares tumbled to fresh 2013 lows on Thursday as growing uncertainty on whether the U.S. Federal Reserve would roll back its stimulus this year kept markets on edge, while turbulence in Japanese equities led to choppy dollar-yen trade.
MSCI's broadest index of Asia-Pacific shares outside Japan extended losses to drop as much as 1.2% to its lowest since late November. It had just snapped a four-day losing streak on Tuesday.
Japan's Nikkei stock average ended down 0.9% on a day of gyrations.
In Europe, FTSE and DAX started off marginally in the green gaining 0.1% each.
Back home, among the sectoral indices, Capital Goods, Bankex and Auto indices were in the green, trading up 0.1-0.6%. Meanwhile, Metal, Oil & Gas, Health care, PSU, Power, Realty, FMCG, IT and Consumer Durables indices were in the red, losing 0.04-1%.
The draggers among the Sensex-30 were Bharti Airtel, Hindalco, Gail India, Tata Steel, NTPC, Infosys, Sun Pharma, Coal India, Sterlite, Jindal Steel, Reliance Industries and Hero MotoCorp down 1-2.5%.
The gainers among the heavyweights were HDFC, Wipro, L&T and Maruti Suzuki gaining 1-1.5%.
ICICI Bank, Cipla, Tata Motors, Hindustan Unilever and TCS gaining 0.1-0.9% were the only names in the green among Sensex-30.
The market breadth was negative. 1,135 stocks declined while 874 stocks advanced on the BSE.