 "Markets remain cautious ahead of RBI policy review")
Markets continue to remain cautious ahead of the RBI’s Monetary Policy review by the RBI today.
By 1030 AM, the Sensex was down 4 points at 19,174 and the 50-share Nifty slipped 10 points at 5,798.
On the global front, Asian shares recouped early losses on Monday but prices were capped as investors settled in to wait for the US Federal Reserve meeting outcome later in the week - and some long-awaited clarity on its intentions for monetary stimulus.
Back home, the rupee fell by 33 paise to Rs 57.84 per dollar in early trade on the Interbank Foreign Exchange market today, weighed down by dollar's gains against other currency.
On the sectoral front, BSE Metal, Realty, Power, Bankex and PSU indices have declined by nearly 1% each. BSE Consumer Durables, TECk, IT and Auto indices have gained by nearly 1% each.
The main gainers on the Sensex at this hour include M&M, Hero Moto, HDFC, Bharti Airtel and Infosys, all gaining between 1-3%.
On the losing side, Sterlite, JSPL, Tata Motors, Tata Steel and Wipro have declined between 1-2%.
Tata Motors is trading lower by 2% at Rs 292 after reporting 15% year-on-year (yoy) fall in global wholesale vehicle sales at 81,783 units in May 2013 led by the poor domestic performance in the passenger vehicle and medium and heavy commercial vehicle segments.
Among other shares, shares of Mahindra Group listed companies such as Mahindra and Mahindra, Mahindra Ugine Steel Company, Mahindra Forgings and Mahindra Composites have rallied up to 10% after entering into a share-swap arrangement with Spain’s CIE Automotive to create a global auto component manufacturer.
Talwalkars Better Value Fitness has rallied 5% to Rs 134 after block deal worth of Rs 13.62 crore on the Bombay Stock Exchange (BSE).
The market breadth in BSE remains marginally positive with 909 shares advancing and 750 shares declining.
By 1030 AM, the Sensex was down 4 points at 19,174 and the 50-share Nifty slipped 10 points at 5,798.
On the global front, Asian shares recouped early losses on Monday but prices were capped as investors settled in to wait for the US Federal Reserve meeting outcome later in the week - and some long-awaited clarity on its intentions for monetary stimulus.
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Uncertainty over the Fed's future policy course has triggered a sharp sell-off in broad risk assets over the past few weeks, offering dip buying levels for some Asian equities.
Back home, the rupee fell by 33 paise to Rs 57.84 per dollar in early trade on the Interbank Foreign Exchange market today, weighed down by dollar's gains against other currency.
On the sectoral front, BSE Metal, Realty, Power, Bankex and PSU indices have declined by nearly 1% each. BSE Consumer Durables, TECk, IT and Auto indices have gained by nearly 1% each.
The main gainers on the Sensex at this hour include M&M, Hero Moto, HDFC, Bharti Airtel and Infosys, all gaining between 1-3%.
On the losing side, Sterlite, JSPL, Tata Motors, Tata Steel and Wipro have declined between 1-2%.
Tata Motors is trading lower by 2% at Rs 292 after reporting 15% year-on-year (yoy) fall in global wholesale vehicle sales at 81,783 units in May 2013 led by the poor domestic performance in the passenger vehicle and medium and heavy commercial vehicle segments.
Among other shares, shares of Mahindra Group listed companies such as Mahindra and Mahindra, Mahindra Ugine Steel Company, Mahindra Forgings and Mahindra Composites have rallied up to 10% after entering into a share-swap arrangement with Spain’s CIE Automotive to create a global auto component manufacturer.
Talwalkars Better Value Fitness has rallied 5% to Rs 134 after block deal worth of Rs 13.62 crore on the Bombay Stock Exchange (BSE).
The market breadth in BSE remains marginally positive with 909 shares advancing and 750 shares declining.