Markets have slipped lower in the morning deals on the back of profit booking visible in some heavyweight pockets. The Sensex is down 31 points at 19,307 and the 50-share Nifty is down 12 points at 5,876.
HDFC Bank is the top loser among the Sensex stocks, down 1.4% at Rs 693. ITC, Hero MotoCorp, NTPC, Bharti Airtel, Cipla, Sterlite Industries, Sun Pharma, ONGC, Hindalco and HDFC are also among the losers on the Sensex.
On the sectoral front, FMCG and consumer durable indices are trading weak while capital goods, auto, metal, realty, IT and healthcare indices are up 0.6-1% each.
Among the individual stocks, Mahindra and Mahindra (M&M) is trading higher by around 2% at Rs 962 on the BSE after the company registered 18% year-on-year rise in auto sales at 48,143 units during November 2012.
Thermax has surged 7% to Rs 630 in morning trades after winning Rs. 503 crore EPC (engineering, procurement and construction) order from the state-owned company for setting up a captive power plant for its new 3 million ton per annum integrated steel plant in Central India.
MahasiS has rallied 5% to Rs 409 after information technology consulting and software firm said that it has signed a definitive agreement to acquire U.S.-based Digital Risk LCC, a mortgage management specialist, for $175 million.
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(Updated at 9.20 AM)
Markets have opened on a quiet note in trades today tracking subdued global cues. The Sensex has opened lower by 19 points at 19,320 and the Nifty has slipped 6 points to open at 5,873.
The markets registered a fresh 52-week high in trades last weelk on the back of supportive global cues and macro economic data.
The Asian markets were trading on a subdued note on concerns that stagnant US budget talks could threaten to derail the world's largest economy. Hang Seng was down 7 points at 22,023 and Shanghai Composite was down 6 points at 1,973. While, Nikkei, Straits Times and Seoul Composite were trading marginally higher.
Back home, markets would watch out for HSBC India Manufacturing PMI, which gauges the business activity of India's factories, for November 2012. The data is set to come out later in the day today.
Back home, Jiondal Steel is the top gainer among the Sensex stocks. The stock has advanced nearly 2% to Rs 409. Mahindra & Mahindra, Tata Steel, Dr Reddy's Labs, BHEL and Larsen & Toubro have also opened higher. While, HDFC Bank, NTPC, Sun Pharma, ITC, HDFC, ONGC, Bharti Airtel and Tata Power have opened on a weak note.
Most of the sectoral indices have opened higher. The BSE capital goods index is the top sectoral gainer, up 1% or 112 points at 11,193. Auto, metal, realty, IT, healthcare, power and oil & gas indices are also up 0.4-0.9% each. On the other hand, consumer durables and FMCG indices have opened weaker by 0.1% each.
Among the individual stocks, MahasiS has rallied 5% to Rs 409 after information technology consulting and software firm said that it has signed a definitive agreement to acquire U.S.-based Digital Risk LCC, a mortgage management specialist, for $175 million.
The broader markets are outperforming the benchmark indices. The BSE mid-cap and small-cap indices are up 0.8 and 0.5% each respectively.
The overall breadth is positive as 1,002 stocks are advancing while 420 are declining.
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