 "Markets slip; metals lose sheen")
After range bound trading in the morning deals, markets have slipped into the red. The BSE benchmark index was down 54 points at 20,436 and the Nifty was down 13 points at 6,065.
The weakness was on the back of losses in names like Tata Motors, Tata Steel and ONGC.
However, there was some buying in the broader markets. The midcap index gained 0.4% and teh smallcap index added 0.2%, both outperforming the Sensex which was down 0.1%.
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1%. It was heading for an eighth day of decline out of nine sessions.
Hong Kong's bourse dropped 0.4% in light trade while Tokyo's Nikkei share average, helped by the softer yen, climbed nearly 2%
Back home, on the sectoral front, Metal, Auto, PSU, Power, Bankex and Oil & Gas indices were down 0.1-1%.
Among the ones in the green were Realty, FMCG, Health Care, IT, Capital Goods and Teck indices up 0.1-1.4%.
Hindalco, Wipro, Maruti Suzuki and Sun Pharma up 1-2% were the major gainers among the Sensex-30.
ITC, Cipla, HDFC Bank, NTPC, L&T, HUL and M&M which gained 0.3-0.9% were the other notable gainers.
On the losing side were Sesa Sterlite, Tata Motors and Tata Steel down 2-3%.
ONGC, Coal India, ICICI Bank, Bharti Airtel, SBI, Gail India, Tata Power and Jindal Steel were the other stocks in the red, down 0.5-1.5%.
Index heavyweights, RIL, Infosys and L&T were down 0.1% each.
The market breadth was positive owing to the strength in the broader markets on the BSE. 1,024 stocks advanced while 959 stocks declined.
The weakness was on the back of losses in names like Tata Motors, Tata Steel and ONGC.
However, there was some buying in the broader markets. The midcap index gained 0.4% and teh smallcap index added 0.2%, both outperforming the Sensex which was down 0.1%.
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Asian shares too were weak and on track for a fourth straight day of losses, with investors turning their attention to the Chinese Communist Party policy meeting for clues to its economic agenda for the next decade.
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1%. It was heading for an eighth day of decline out of nine sessions.
Hong Kong's bourse dropped 0.4% in light trade while Tokyo's Nikkei share average, helped by the softer yen, climbed nearly 2%
Back home, on the sectoral front, Metal, Auto, PSU, Power, Bankex and Oil & Gas indices were down 0.1-1%.
Among the ones in the green were Realty, FMCG, Health Care, IT, Capital Goods and Teck indices up 0.1-1.4%.
Hindalco, Wipro, Maruti Suzuki and Sun Pharma up 1-2% were the major gainers among the Sensex-30.
ITC, Cipla, HDFC Bank, NTPC, L&T, HUL and M&M which gained 0.3-0.9% were the other notable gainers.
On the losing side were Sesa Sterlite, Tata Motors and Tata Steel down 2-3%.
ONGC, Coal India, ICICI Bank, Bharti Airtel, SBI, Gail India, Tata Power and Jindal Steel were the other stocks in the red, down 0.5-1.5%.
Index heavyweights, RIL, Infosys and L&T were down 0.1% each.
The market breadth was positive owing to the strength in the broader markets on the BSE. 1,024 stocks advanced while 959 stocks declined.