 "Markets remain choppy; ONGC, Tata Power top gainers")
Markets are trading extremely volatile with Sensex and Nifty swinging between negative and positive zone.
Meanwhile, the government is due to release CPI for the month of May and IIP for the month of April today after market hours.
By 10:25, the Sensex has opened higher by 47 points at 25,520 mark and the Nifty is down by 1 point at 7,627 levels.
Japan's Nikkei share average led the retreat, falling 0.9% while MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.15%.
The S&P 500 lost 0.35% to 1,943.89, its first significant loss in about three weeks. As recently as Monday it hit a record closing high of 1,951.27.
Back home, foreign portfolio investors (FPIs) sold shares worth a net Rs 313.40 crore on Wednesday, as per provisional data from the stock exchanges.
The rupee is trading at 59.33/34 versus its close of 59.27/28 in the absence of any fresh domestic triggers with traders watching the domestic stock market for cues on foreign fund flows.
Traders expect the pair to trade in a range of 59.20 to 59.45 for the day.
On the sectoral front, BSE Oil & Gas and Healthcare indices have gained by nearly 1% each. However, sectors like IT, Auto and Banks are trading marginally lower.
The main gainers on the Sensex are ONGC, Tata Power, Hindalco, HDFC, Cipla, Sun Pharma, HDFC Bank and RIL.
Infosys has higher by nearly 3% at Rs 3,280 on the NSE after the board has appointed former SAP executive Vishal Sikka as the Chief Executive Officer and Managing Director (CEO & MD) of the company. Sikka will take over from August 1, 2014. However, the stock has given up most of its gains on account of profit booking at higher levels.
On the losing side, Bharti Airtel, Axis Bank, Coal India, ICICI Bank and BHEL have declined between 1-3%.
Shares of Bharti Airtel has slumped by 3% after Credit Suisse downgrades the stock to "underperform" from "neutral" and reduces the target price to 265 rupees from 275 rupees, citing competition from rival Rel Jio's, a unit of Reliance Industries.
Axis Bank turns ex-dividend today for dividend of Rs 20 per share for the year ended 31 March 2014 (FY 2014).
Among other shares, Housing Development and Infrastructure (HDIL) has dipped 4% to Rs 96.35, extending its previous day’s 9% fall, after Nomura Singapore offloaded more than two million shares of the Mumbai-based real estate firm through an open market transaction.
Rolltainers is locked in upper circuit third straight day, up 5% to Rs 346 on BSE, extending its two week long rally, after the company said it is evaluating various investment options.
The market breadth in BSE remains marginally positive with 1,266 shares advancing and 1,056 shares declining.
Meanwhile, the government is due to release CPI for the month of May and IIP for the month of April today after market hours.
By 10:25, the Sensex has opened higher by 47 points at 25,520 mark and the Nifty is down by 1 point at 7,627 levels.
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On the global front, Asian shares slipped on Thursday after Wall Street shares stepped back from record levels while civil war in Iraq supported oil prices.
Japan's Nikkei share average led the retreat, falling 0.9% while MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.15%.
The S&P 500 lost 0.35% to 1,943.89, its first significant loss in about three weeks. As recently as Monday it hit a record closing high of 1,951.27.
Back home, foreign portfolio investors (FPIs) sold shares worth a net Rs 313.40 crore on Wednesday, as per provisional data from the stock exchanges.
The rupee is trading at 59.33/34 versus its close of 59.27/28 in the absence of any fresh domestic triggers with traders watching the domestic stock market for cues on foreign fund flows.
Traders expect the pair to trade in a range of 59.20 to 59.45 for the day.
On the sectoral front, BSE Oil & Gas and Healthcare indices have gained by nearly 1% each. However, sectors like IT, Auto and Banks are trading marginally lower.
The main gainers on the Sensex are ONGC, Tata Power, Hindalco, HDFC, Cipla, Sun Pharma, HDFC Bank and RIL.
Infosys has higher by nearly 3% at Rs 3,280 on the NSE after the board has appointed former SAP executive Vishal Sikka as the Chief Executive Officer and Managing Director (CEO & MD) of the company. Sikka will take over from August 1, 2014. However, the stock has given up most of its gains on account of profit booking at higher levels.
On the losing side, Bharti Airtel, Axis Bank, Coal India, ICICI Bank and BHEL have declined between 1-3%.
Shares of Bharti Airtel has slumped by 3% after Credit Suisse downgrades the stock to "underperform" from "neutral" and reduces the target price to 265 rupees from 275 rupees, citing competition from rival Rel Jio's, a unit of Reliance Industries.
Axis Bank turns ex-dividend today for dividend of Rs 20 per share for the year ended 31 March 2014 (FY 2014).
Among other shares, Housing Development and Infrastructure (HDIL) has dipped 4% to Rs 96.35, extending its previous day’s 9% fall, after Nomura Singapore offloaded more than two million shares of the Mumbai-based real estate firm through an open market transaction.
Rolltainers is locked in upper circuit third straight day, up 5% to Rs 346 on BSE, extending its two week long rally, after the company said it is evaluating various investment options.
The market breadth in BSE remains marginally positive with 1,266 shares advancing and 1,056 shares declining.