 "Markets recover from day's low; BSE IT index up 2%")
Markets have recovered from day’s low and have entered into positive zone led by IT and pharma shares.
At 15:15 PM, the 30-share Sensex was up 4 points at 25,584 and the 50-share Nifty was up 2 points at 7,657.
The main gainers are Cipla, Wipro, TCS, Infosys and Coal India.
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Updated at 14:20
Benchmark indices continue to trade lower weighed down by oil, financials and capital goods shares.
Meanwhile, the market sentiment further got dampened after the India Meteorological Department said that rainfall over the country as a whole for the 2014 southwest monsoon season is likely to be below normal as the chances of El Nino occurring during monsoon are very high.
At 14:20 PM, the 30-share Sensex was down 101 points at 25,479 and the 50-share Nifty was down 31 points at 7,624. The Sensex and the Nifty touched an intraday low of 25,347 and 7,579 mark, respectively.
The broader markets are trading mixed- BSE Midcap index has declined by 0.4% whereas the Smallcap index is marginally up.
The market breadth in BSE remains marginally positive with 1,567 shares advancing and 1,407 shares declining.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 536.68 crore on Monday, 9 June 2014, as per provisional data from the stock exchanges.
GLOBAL MARKETS
Japan's Nikkei share average fell to a one-week low on Tuesday in choppy trade as investors took profits after the weak yen trend paused, while Mitsubishi UFJ Financial Group (8306.T) rose on a brokerage upgrade.
The Nikkei shed 0.9% to 14,994.80, the lowest closing since June 2. The broader Topix dropped 0.5% to 1,228.73, while the new JPX-Nikkei Index 400 slipped 0.5% to 11,190.69.
INDIAN RUPEE
The rupee is trading at 59.30/31 versus its close of 59.20/21 on Monday, tracking losses in the domestic share market and falls in other Asian currencies versus the dollar.
Traders will continue to monitor foreign fund flows into the domestic share and debt markets for direction. Foreign investors bought a net $826.9 million in debt markets on Friday, the highest single-day flows since Jan 15.
SECTORAL INDICES
BSE Realty index has slumped by almost 3% followed by counters like Oil & Gas, Capital Goods, Banks Power and Metal, all declining between 1-2%. However, BSE IT and Healthcare indices have gained by nearly 2% each.
BSE Realty index which has gained more than 15% in June, takes a breather today. Oil shares which had gained sharply on talk of hike in gas prices witnessed profit taking.
Shares of two-wheeler makers declined on worries below normal monsoon rains this year will impact rural demand for two-wheelers.
IT and pharma shares firmed up tracking weakness in the rupee.
GAINERS & LOSERS
The main losers on the Sensex are ONGC, Hero Moto, Sesa Sterlite, Tata Steel, BHEL, Tata Power, SBI and GAIL.
Shares of public sector undertaking (PSU) banks are under pressure falling by up to 6% on profit booking. Union Bank of India, Canara Bank, Oriental Bank of Commerce, Syndicate Bank, Allahabad Bank, Indian Overseas Bank (IOB) and Punjab National Bank (PNB) are down 3-6%.
IDBI, Bank of India, Andhra Bank, Bank of Baroda (BOB) and State Bank of India between 1-2% on the National Stock Exchange (NSE).
Larsen & Toubro which had gained on talk of upgrade in railway infrastructure including high speed trains was down 1%.
On the gaining side, Cipla, Wipro, Infosys, Coal India, TCS, Sun Pharma and Maruti Sizuki have gained between -2.5%.
Coal India has moved higher by over 2% to Rs 424, its new high on BSE, extending its previous day’s 6% rally, on hopes of reforms in the coal sector.
At 15:15 PM, the 30-share Sensex was up 4 points at 25,584 and the 50-share Nifty was up 2 points at 7,657.
The main gainers are Cipla, Wipro, TCS, Infosys and Coal India.
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Updated at 14:20
Benchmark indices continue to trade lower weighed down by oil, financials and capital goods shares.
Meanwhile, the market sentiment further got dampened after the India Meteorological Department said that rainfall over the country as a whole for the 2014 southwest monsoon season is likely to be below normal as the chances of El Nino occurring during monsoon are very high.
At 14:20 PM, the 30-share Sensex was down 101 points at 25,479 and the 50-share Nifty was down 31 points at 7,624. The Sensex and the Nifty touched an intraday low of 25,347 and 7,579 mark, respectively.
The broader markets are trading mixed- BSE Midcap index has declined by 0.4% whereas the Smallcap index is marginally up.
The market breadth in BSE remains marginally positive with 1,567 shares advancing and 1,407 shares declining.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 536.68 crore on Monday, 9 June 2014, as per provisional data from the stock exchanges.
GLOBAL MARKETS
Japan's Nikkei share average fell to a one-week low on Tuesday in choppy trade as investors took profits after the weak yen trend paused, while Mitsubishi UFJ Financial Group (8306.T) rose on a brokerage upgrade.
The Nikkei shed 0.9% to 14,994.80, the lowest closing since June 2. The broader Topix dropped 0.5% to 1,228.73, while the new JPX-Nikkei Index 400 slipped 0.5% to 11,190.69.
INDIAN RUPEE
The rupee is trading at 59.30/31 versus its close of 59.20/21 on Monday, tracking losses in the domestic share market and falls in other Asian currencies versus the dollar.
Traders will continue to monitor foreign fund flows into the domestic share and debt markets for direction. Foreign investors bought a net $826.9 million in debt markets on Friday, the highest single-day flows since Jan 15.
SECTORAL INDICES
BSE Realty index has slumped by almost 3% followed by counters like Oil & Gas, Capital Goods, Banks Power and Metal, all declining between 1-2%. However, BSE IT and Healthcare indices have gained by nearly 2% each.
BSE Realty index which has gained more than 15% in June, takes a breather today. Oil shares which had gained sharply on talk of hike in gas prices witnessed profit taking.
Shares of two-wheeler makers declined on worries below normal monsoon rains this year will impact rural demand for two-wheelers.
IT and pharma shares firmed up tracking weakness in the rupee.
GAINERS & LOSERS
The main losers on the Sensex are ONGC, Hero Moto, Sesa Sterlite, Tata Steel, BHEL, Tata Power, SBI and GAIL.
Shares of public sector undertaking (PSU) banks are under pressure falling by up to 6% on profit booking. Union Bank of India, Canara Bank, Oriental Bank of Commerce, Syndicate Bank, Allahabad Bank, Indian Overseas Bank (IOB) and Punjab National Bank (PNB) are down 3-6%.
IDBI, Bank of India, Andhra Bank, Bank of Baroda (BOB) and State Bank of India between 1-2% on the National Stock Exchange (NSE).
Larsen & Toubro which had gained on talk of upgrade in railway infrastructure including high speed trains was down 1%.
On the gaining side, Cipla, Wipro, Infosys, Coal India, TCS, Sun Pharma and Maruti Sizuki have gained between -2.5%.
Coal India has moved higher by over 2% to Rs 424, its new high on BSE, extending its previous day’s 6% rally, on hopes of reforms in the coal sector.