 "Markets turn choppy; index heavyweights weigh")
Benchmark indices are trading marginally weak after erasing some of the early losses as gains in capital goods and metal stocks are being limited by the losses in index heavyweights.
At 11:36AM, the 30-share Sensex was down 35 points at 27,466 and the 50-share Nifty was down 11 points at 8,272.
In the broader market, both the BSE Midcap and Smallcap indices have performed better than the front-liners with gains of around 0.6% and 0.9% each. Market breadth in BSE is positive with 1,481 advances against 777 declines.
Buzzing Stocks
BSE Metal and Capital Goods indices up 0.8% and 0.5% each are the lead gainers followed by BSE Consumer Durables index. BSE Oil & Gas and FMCG indices have lost around 0.1% each.
Metal stocks have extended gains from yesterday. Sesa Sterlite has gained over 2% while Hindalco and Tata Steel have gained around 0.4% and 0.8% each.
Meanwhile, country core sector growth touched a five month high at 6.7% in the month of November, 2014 compared to 6.3% growth in October, 2014. The Steel sector, one of the eight components considered to be core sectors, slowed further to 1.3%.
L&T has gained around 0.4%. L&T Infrastructure Development Projects Ltd ( L&T IDPL) has begun construction of a Rs 1293 crore road widening project in Odisha, more than a year after bagging the contract for it.
Pharma shares are trading mixed. Sun Pharma and Cipla have gained 0.1% and 0.9% each while Dr Reddys Lab is down 0.6%.
RIL and GAIL have lost over 0.5% each while ONGC is gaining around 0.4%.
Concerns over global crude oil prices worsened after Energy Information Administration of US presented a gloomy outlook for the sector citing glut at US storage hub in Cushing, Oklahoma. Global crude prices fell to a five-and-half year low.
Among other shares, Clariant Chemicals has zoomed over 11% after the company announced that it has received full and final payment for its Thane land.
At 11:36AM, the 30-share Sensex was down 35 points at 27,466 and the 50-share Nifty was down 11 points at 8,272.
In the broader market, both the BSE Midcap and Smallcap indices have performed better than the front-liners with gains of around 0.6% and 0.9% each. Market breadth in BSE is positive with 1,481 advances against 777 declines.
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Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 481.08 crore yesterday, as per provisional data.
Buzzing Stocks
BSE Metal and Capital Goods indices up 0.8% and 0.5% each are the lead gainers followed by BSE Consumer Durables index. BSE Oil & Gas and FMCG indices have lost around 0.1% each.
Metal stocks have extended gains from yesterday. Sesa Sterlite has gained over 2% while Hindalco and Tata Steel have gained around 0.4% and 0.8% each.
Meanwhile, country core sector growth touched a five month high at 6.7% in the month of November, 2014 compared to 6.3% growth in October, 2014. The Steel sector, one of the eight components considered to be core sectors, slowed further to 1.3%.
L&T has gained around 0.4%. L&T Infrastructure Development Projects Ltd ( L&T IDPL) has begun construction of a Rs 1293 crore road widening project in Odisha, more than a year after bagging the contract for it.
Pharma shares are trading mixed. Sun Pharma and Cipla have gained 0.1% and 0.9% each while Dr Reddys Lab is down 0.6%.
RIL and GAIL have lost over 0.5% each while ONGC is gaining around 0.4%.
Concerns over global crude oil prices worsened after Energy Information Administration of US presented a gloomy outlook for the sector citing glut at US storage hub in Cushing, Oklahoma. Global crude prices fell to a five-and-half year low.
Among other shares, Clariant Chemicals has zoomed over 11% after the company announced that it has received full and final payment for its Thane land.