 "Markets turn flat after negative opening; Banks plunge")
Markets have turned flat after making a lower opening tracking weak Asian cues. By 9:30, the Sensex was flat at 21,253 mark and the Nifty declined by 3 points at 6,311 levels.
HDFC, L&T, Dabur India, Biocon, Mahindra & Mahindra Financial Services, Raymond, Zee Entertainment Enterprises will announce their third quarter earnings today.
Foreign institutional investors (FIIs) sold shares worth a net Rs 43.74 crore on Tuesday, as per provisional data from the stock exchanges.
Trading was volatile, with the S&P fluctuating between positive and negative territory throughout the session, while the Dow moved between modest and solid losses and the Nasdaq swung between modest and strong gains.
Asian share markets struggled for inspiration on Wednesday, hampered by expectations of further reductions in the US Federal Reserve's stimulus and ahead of central bank meetings in Japan and Thailand.
The dollar remained broadly supported, trading around its highest level since mid-November against a basket of currencies, with many investors expecting the Fed to trim its bond buying further next week.
Back home, BSE FMCG index and BSE Bankex have plunged by nearly 1% followed by counters like Capital Goods, Oil & Gas, IT and Healthcare, all declining marginally. However, BSE Metal and Consumer Durables indices are up marginally.
The main losers on the Sensex at this hour include Axis Bank, ITC, Tata Motors, BHEL, ICICI Bank, ONGC, SBI, Sun Pharma and Bajaj Auto.
Financial shares are witnessing some selling pressure on account of profit booking at higher levels. The central bank is widely expected to keep interest rates unchanged after inflation cooled last month.
On the gaining side, Bharti Airtel, Tata Steel, Hindalco, Sesa Sterlite and NTPC have gained by 1% each.
Among other shares, Torrent Pharma is up over 10% at Rs 524 in early trades on Wednesday after the company posted better-than-expected earnings for the third quarter ended December 2013.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.1%.
The market breadth in BSE remains marginally positive with 518 shares advancing and 435 shares declining.
HDFC, L&T, Dabur India, Biocon, Mahindra & Mahindra Financial Services, Raymond, Zee Entertainment Enterprises will announce their third quarter earnings today.
Foreign institutional investors (FIIs) sold shares worth a net Rs 43.74 crore on Tuesday, as per provisional data from the stock exchanges.
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On the global front, US stocks mostly rose on Tuesday, with the S&P 500 snapping a two-session decline as the materials sector rallied, though the Dow fell on disappointing earnings by three of its components.
Trading was volatile, with the S&P fluctuating between positive and negative territory throughout the session, while the Dow moved between modest and solid losses and the Nasdaq swung between modest and strong gains.
Asian share markets struggled for inspiration on Wednesday, hampered by expectations of further reductions in the US Federal Reserve's stimulus and ahead of central bank meetings in Japan and Thailand.
The dollar remained broadly supported, trading around its highest level since mid-November against a basket of currencies, with many investors expecting the Fed to trim its bond buying further next week.
Back home, BSE FMCG index and BSE Bankex have plunged by nearly 1% followed by counters like Capital Goods, Oil & Gas, IT and Healthcare, all declining marginally. However, BSE Metal and Consumer Durables indices are up marginally.
The main losers on the Sensex at this hour include Axis Bank, ITC, Tata Motors, BHEL, ICICI Bank, ONGC, SBI, Sun Pharma and Bajaj Auto.
Financial shares are witnessing some selling pressure on account of profit booking at higher levels. The central bank is widely expected to keep interest rates unchanged after inflation cooled last month.
On the gaining side, Bharti Airtel, Tata Steel, Hindalco, Sesa Sterlite and NTPC have gained by 1% each.
Among other shares, Torrent Pharma is up over 10% at Rs 524 in early trades on Wednesday after the company posted better-than-expected earnings for the third quarter ended December 2013.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.1%.
The market breadth in BSE remains marginally positive with 518 shares advancing and 435 shares declining.