Markets are trading in the negative. The Sensex has fallen 40 points at 20,435, and the Nifty is down 8 points at 6153.
FMCG and metal stocks are leading the losses, down 1% and 0.3% each.
------------------ Updated 14:11
The European markets are trading marginally higher, CAC is up 20 points at 3670 and FTSE is at 5579 up 23 points.
The broader markets continue to outperform the benchmark indices. The Mid-cap index is up 74 points at 8344 and the Small-cap index is up 134 points at 10,572. The BSE 500 market breadth is extremely positive as 348 stocks are advancing and 150 stocks are declining.
RCom continues to lead the Sensex charts up 2.7% at Rs 176 followed by Maruti Suzuki, J P Associates and ACC up more than 1.5% each.
However, HDFC, Hindustan Unilevr, HDFC Bank, ITC and ICICI Bank are among the losers on the Sensex.
Bajaj Electricals is the top gainer among the Mid-caps, the stock is up 7% at Rs 322 followed by KS Oils, Hindustan Oils, Sintex Industries and Pipavav Shipyard up more than 6% each.
Reliance Mediaworks leads the rally among the Small-cap stocks up 18% at Rs 252 followed by Swaraj Mazda, Kasturi Global, Aarti Industries, Swaraj Engines and Hinduja Foundries up more than 10% each.
Among the sectoral indices Consumer Durables index continue to hold its position as the top gainer up 85 points at 6614 followed by Auto, Power and Oil & Gas indices.Meanwhile FMCG index and Bankex continue to be in the negative territory.
Bajaj Electricals leads the rally among the Consumer Durables stocks up nearly 7% at Rs 321 followed by VIP Industries, Videocon Industries and Whirlpool.
Among the FMCG stocks Unite Spirits is the top loser down more than 2% at Rs 1632 followed by Hindustan Unilever, Colgate Palmolive, Dabur India and Nestle.