 "Markets slip on negative global cues; eye WPI data")
Markets weakened in noon deals as global cues turned sour with the key European markets opening atleast half a percent lower couple with profit booking in index heavyweights.
Tata group stocks like TCS, Tata Motors and Tata Steel along with ICICI Bank were the stocks which weighed on the indices. At 1415 hrs, the Sensex was down 88 points at 21,046 and the Nifty dropped 29points at 6,243.
In the broader markets, the smallcap index slipped 0.2% and the midcap index gave off 0.4%, in line with the BSE benchmark index.
Sectors and Stocks
Among the sectoral indices, Oil & gas and Health Care indices were the only ones in the green, with gains of 0.3% and 0.2% respectively.
From the ones in the red, Metal and Realty indices were down over 1% each alonng with IT, Consumer Durables, Bankex and Auto indices down 0.4-0.7%.
Cipla up 1.4% was the top Sensex gainer along with HDFC, RIL, Gail India, Dr Reddys Lab, Mahindra & Mahindra and Infosys up 0.2-0.8%.
Tata Steel, ICICI Bank, Wipro, TCS, Sesa Sterlite, Hindustan Unilever, Bajaj Auto, Tata Motors, NTPC and Bharti Airtel down 1-2.5% were the prominent losers in noon deals.
The market breath was negative on the BSE. 1469 stocks declined while 1099 stock advanced on the BSE.
Global Markets
Asian shares came under pressure on Tuesday, with Japanese stocks tumbling more than 3% as the yen hit a four-week high against the dollar after last week's surprisingly weak jobs report raised concerns about the U.S. growth outlook.
Tokyo's Nikkei sagged 3.1% in relatively active trade, hitting a one-month low and posting its biggest one-day decline in five months as investors there were drawn into the fallout from the nonfarm payroll report following Monday's public holiday in Japan.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.6% after gaining 0.8% in the previous session as the disappointing U.S. jobs report added to the case for the Fed to keep rates low for longer.
European stocks woke up on the grumpy side, with Britain's FTSE , Germany's DAX and France's CAC down 0.6-1%.
Tata group stocks like TCS, Tata Motors and Tata Steel along with ICICI Bank were the stocks which weighed on the indices. At 1415 hrs, the Sensex was down 88 points at 21,046 and the Nifty dropped 29points at 6,243.
In the broader markets, the smallcap index slipped 0.2% and the midcap index gave off 0.4%, in line with the BSE benchmark index.
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Now, traders will be eyeing December wholesale price inflation, seen at 7% due on Wednesday, ahead of the central bank's rate review on January 28.
Sectors and Stocks
Among the sectoral indices, Oil & gas and Health Care indices were the only ones in the green, with gains of 0.3% and 0.2% respectively.
From the ones in the red, Metal and Realty indices were down over 1% each alonng with IT, Consumer Durables, Bankex and Auto indices down 0.4-0.7%.
Cipla up 1.4% was the top Sensex gainer along with HDFC, RIL, Gail India, Dr Reddys Lab, Mahindra & Mahindra and Infosys up 0.2-0.8%.
Tata Steel, ICICI Bank, Wipro, TCS, Sesa Sterlite, Hindustan Unilever, Bajaj Auto, Tata Motors, NTPC and Bharti Airtel down 1-2.5% were the prominent losers in noon deals.
The market breath was negative on the BSE. 1469 stocks declined while 1099 stock advanced on the BSE.
Global Markets
Asian shares came under pressure on Tuesday, with Japanese stocks tumbling more than 3% as the yen hit a four-week high against the dollar after last week's surprisingly weak jobs report raised concerns about the U.S. growth outlook.
Tokyo's Nikkei sagged 3.1% in relatively active trade, hitting a one-month low and posting its biggest one-day decline in five months as investors there were drawn into the fallout from the nonfarm payroll report following Monday's public holiday in Japan.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.6% after gaining 0.8% in the previous session as the disappointing U.S. jobs report added to the case for the Fed to keep rates low for longer.
European stocks woke up on the grumpy side, with Britain's FTSE , Germany's DAX and France's CAC down 0.6-1%.