 "Markets slip as Nikkei drops 6% from day highs")
Key benchmark indices slipped into the red, losing over 0.4% each in morning trades after Japan's Nikkei index drooped 6% from day's high.
At 1030 hrs, the Sensex was down 83 points at 19,591 and the Nifty dropped 25 points at 5,942.
Tata Motors, SBI, TCS, Sun Pharma, Infosys, ITC and Bharti Airtel were the names weighing down the indices.
Among the ones in the red, Health Care, Auto, IT and Realty indices were down 1% each.
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(Updated at 1000 hrs)
After a strong start, markets slipped owing to the decline in Japanese market with the Nikkei coming off over 2% from the day's high. At 0945 hrs, the Sensex was up 32 points at 19,705 while the Nifty slipped below the 6,000 mark to trade at 5,977.
In Asia, the Nikkei index witnessed a sharp slip with the index trading with a percent gain. Earlier in the day, Japanese stocks had climbed nearly 3.5%
Back home, SBI, Tata Motors and Sun Pharma were the major draggers on the benchmark indices.
The broader markets too tapered off their gains with the mid and smallcap indices marginally in the green.
Among the sectoral indices, Health Care index slipped over 1% along with Auto and Power indices, losing 0.1-0.7%.
PSU, Teck and IT indices were flat with a positive bias.
Metal, Realty and Oil & Gas indices up 0.5-1.4% were the notable sectoral gainers.
FMCG, Bankex, Capital Goods and Consumer Durables were also in the green, up 0.1-0.2%.
The movers among the Sensex-30 were Tata Steel up 4.5% after reporting better than expected quarterly numbers.
ICICI Bank, Jindal Steel, ONGC, NTPC, Reliance Industries, L&T, Dr Reddys Lab, Sterlite and Hindalco up 0.4-0.9% were the other major gainers.
Among the ones in the red, Sun Pharma, BHEL, Cipla, Maruti Suzuki, Tata Motors, Bajaj Auto, SBI and Gail India down 1-3.5% were the prominent losers.
The market breadth was marginally positive. 625 stocks advanced while 593 stocks declined on the BSE.
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(Updated at 0919 hrs)
Markets started higher with the benchmark indices gaining over 0.5% each, recouping some of its losses registered yesterday. The Sensex started up 136 points at 19,809 and the Nifty started well above the 6,000 mark at 6,013.
The ones leading the opening gains were index heavyweights like Reliance Industries, ICICI Bank, L&T and Tata Steel.
In the broader markets, the midcap index opened up 0.5% and the smallcap index gained 0.3%, both underperforming the BSE benchmark index, which gained 0.6%.
Meanwhile, the Asian markets were trading on a cautious note today with Tokyo's Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh of relief when Wall Street cut losses.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2%, having slumped more than 2% in yesterday's trade.
Japanese stocks climbed 3.4%, after suffering the biggest percent drop from a 5-1/2 year peak.
Overnight, US stocks slipped but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
The Dow Jones industrial average fell 0.08%, to 15,294 at the close. The Standard & Poor's 500 Index slipped or 0.29%, to finish at 1,650. The Nasdaq Composite Index dropped 0.11%, to close at 3,459.
At 1030 hrs, the Sensex was down 83 points at 19,591 and the Nifty dropped 25 points at 5,942.
Tata Motors, SBI, TCS, Sun Pharma, Infosys, ITC and Bharti Airtel were the names weighing down the indices.
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Only Metal, Oil & Gas and Capital Goods indices were in the green, up 0.1-0.2%.
Among the ones in the red, Health Care, Auto, IT and Realty indices were down 1% each.
____________________
(Updated at 1000 hrs)
After a strong start, markets slipped owing to the decline in Japanese market with the Nikkei coming off over 2% from the day's high. At 0945 hrs, the Sensex was up 32 points at 19,705 while the Nifty slipped below the 6,000 mark to trade at 5,977.
In Asia, the Nikkei index witnessed a sharp slip with the index trading with a percent gain. Earlier in the day, Japanese stocks had climbed nearly 3.5%
Back home, SBI, Tata Motors and Sun Pharma were the major draggers on the benchmark indices.
The broader markets too tapered off their gains with the mid and smallcap indices marginally in the green.
Among the sectoral indices, Health Care index slipped over 1% along with Auto and Power indices, losing 0.1-0.7%.
PSU, Teck and IT indices were flat with a positive bias.
Metal, Realty and Oil & Gas indices up 0.5-1.4% were the notable sectoral gainers.
FMCG, Bankex, Capital Goods and Consumer Durables were also in the green, up 0.1-0.2%.
The movers among the Sensex-30 were Tata Steel up 4.5% after reporting better than expected quarterly numbers.
ICICI Bank, Jindal Steel, ONGC, NTPC, Reliance Industries, L&T, Dr Reddys Lab, Sterlite and Hindalco up 0.4-0.9% were the other major gainers.
Among the ones in the red, Sun Pharma, BHEL, Cipla, Maruti Suzuki, Tata Motors, Bajaj Auto, SBI and Gail India down 1-3.5% were the prominent losers.
The market breadth was marginally positive. 625 stocks advanced while 593 stocks declined on the BSE.
_____________________________
(Updated at 0919 hrs)
Markets started higher with the benchmark indices gaining over 0.5% each, recouping some of its losses registered yesterday. The Sensex started up 136 points at 19,809 and the Nifty started well above the 6,000 mark at 6,013.
The ones leading the opening gains were index heavyweights like Reliance Industries, ICICI Bank, L&T and Tata Steel.
In the broader markets, the midcap index opened up 0.5% and the smallcap index gained 0.3%, both underperforming the BSE benchmark index, which gained 0.6%.
Meanwhile, the Asian markets were trading on a cautious note today with Tokyo's Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh of relief when Wall Street cut losses.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2%, having slumped more than 2% in yesterday's trade.
Japanese stocks climbed 3.4%, after suffering the biggest percent drop from a 5-1/2 year peak.
Overnight, US stocks slipped but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
The Dow Jones industrial average fell 0.08%, to 15,294 at the close. The Standard & Poor's 500 Index slipped or 0.29%, to finish at 1,650. The Nasdaq Composite Index dropped 0.11%, to close at 3,459.