 "Markets trim gains, Nifty hovers near 6,800")
Markets trimmed early gains and briefly slipped into negative terrain after investors turned cautious and booked profits at higher levels in which benchmark share indices ended at record closing highs.
At 10:30AM, the 30-share Sensex was up 18 points at 22,720 and the 30-share Nifty was up 1 points at 6,797.
Meanwhile, FIIs continued their buying spree in Indian shares and were net buyers to the tune of Rs 1044 crore on Wednesday.
On Wednesday, the rupee ended nearly unchanged despite domestic shares closing at record highs as participants turned cautious ahead of the release of minutes from the US Federal Reserve's March meeting.
Stocks in Asia pared early gains and were trading lower except for Hong Kong's Hang Seng which was trading with marginal gains. The Nikkei which had rebounded in early trades pared gains and was down 0.1%, Shanghai Composite was trading flat while Straits Times was down 0.5%.
Infosys was marginally down ahead of its fourth quarter earnings early next week. Other Sensex losers include, ITC, ONGC and ICICI Bank.
Sun Pharma which had gained over the past few sessions amid plans to buyout Ranbaxy Labs also witnessed profit taking and was down nearly 1%.
Reliance Ind, Tata Motors and SBI contributed the most to Sensex gains.
SBI was up 1% on talk that the state-owned banking major is planning to raise $1 billion through overseas bond sale.
Reliance Industries was marginally up after the company plans to sell KG-D6 gas at the revised price from April 1.
Among other stocks, Supreme Petrochem was up 8% after the company said its board will meet on April 21, 2014 to consider the buy-back of equity shares of the Company to such extent [not exceeding 10% of the networth (paid-up equity capital and free reserves) of the Company.
In the broader market, the BSE Mid-cap was up 0.5% and the BSE Small-cap index was up 0.4%.
Market breadth was strong with 1,085 gainers and 788 losers on the BSE.
At 10:30AM, the 30-share Sensex was up 18 points at 22,720 and the 30-share Nifty was up 1 points at 6,797.
Meanwhile, FIIs continued their buying spree in Indian shares and were net buyers to the tune of Rs 1044 crore on Wednesday.
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The rupee was trading at lower at Rs 60.23 compared to its previous close of Rs 60.14.
On Wednesday, the rupee ended nearly unchanged despite domestic shares closing at record highs as participants turned cautious ahead of the release of minutes from the US Federal Reserve's March meeting.
Stocks in Asia pared early gains and were trading lower except for Hong Kong's Hang Seng which was trading with marginal gains. The Nikkei which had rebounded in early trades pared gains and was down 0.1%, Shanghai Composite was trading flat while Straits Times was down 0.5%.
Infosys was marginally down ahead of its fourth quarter earnings early next week. Other Sensex losers include, ITC, ONGC and ICICI Bank.
Sun Pharma which had gained over the past few sessions amid plans to buyout Ranbaxy Labs also witnessed profit taking and was down nearly 1%.
Reliance Ind, Tata Motors and SBI contributed the most to Sensex gains.
SBI was up 1% on talk that the state-owned banking major is planning to raise $1 billion through overseas bond sale.
Reliance Industries was marginally up after the company plans to sell KG-D6 gas at the revised price from April 1.
Among other stocks, Supreme Petrochem was up 8% after the company said its board will meet on April 21, 2014 to consider the buy-back of equity shares of the Company to such extent [not exceeding 10% of the networth (paid-up equity capital and free reserves) of the Company.
In the broader market, the BSE Mid-cap was up 0.5% and the BSE Small-cap index was up 0.4%.
Market breadth was strong with 1,085 gainers and 788 losers on the BSE.