 "Nifty at 6,300; Coal India down 9%")
Markets extended losses in morning deals as profit taking in TCS and financials weighed on the indices. At 1030 hrs, the Sensex was down 76 points at 21,188 and the Nifty slipped 17 points to trade at 6,302.
Coal India down 9% was the top loser followed by TCS and Wipro down 4% and 2% respectively.
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(Updates at 1030 hrs)
Markets opened on a soft note followed subdued global cues and some profit taking in TCS, ICICI Bank and ONGC. In the opening trades the Sensex was down 26 points at 21,239 and the Nifty was flat with a negative bias at 6,316.
There was not much movement in the broader markets with both the mid and smallcap indices hovering around yesterday’s closing levels.
In Asia, stocks got off to a lacklustre start and the dollar was on the back foot in early Asian trading on Friday after downbeat results cast a shadow over Wall Street.
MSCI's broadest index of Asia-Pacific shares outside Japan was slightly lower, while Australian shares slipped about 0.3%.
Overnight, The Dow and S&P 500 slipped on Thursday, with the S&P retreating from the previous session's record high, after earnings from Goldman Sachs and other banks disappointed investors.
Concerns that stock valuations may be too high put some pressure on stocks after last year's rally. But the S&P 500 index surged 1.6% over the previous two sessions on results and economic data to close at a record high on Wednesday, its first since December 31.
The Dow Jones industrial average fell 0.39%, to end at 16,417. The S&P 500 slipped 0.13%, to finish at 1,846. The Nasdaq Composite added 0.09%, to close at 4,219.
Sectors and Stocks
On the sectoral front, IT index down 1.2% was the top loser along with Bankex and Capital Goods indices down 0.5% and 0.1% respectively.
FMCG, Capital Goods and Power indices were flat with a negative bias.
Meanwhile, Metal index started on a positive note, adding on to yesterday’s gains with the index up 0.5%.
Health Care, Auto, Consumer Durables and Oil & Gas indices were up 0.1-0.4%.
Coal India up 1.4% was the top gainer followed by Cipla, Sun Pharma, Sesa Sterlite, Hero MotoCorp, Tata Steel, Tata Motors, Bharti Airtel, Maruti Suzuki, Mahindra & Mahindra and Tata Power up 0.5-1%.
Index heavyweight, Reliance Industries gained 0.6% ahead of its Q3 numbers expected today.
Among the ones in the red were TCS which slipped 3.5% as the volume growth of 1.8% disappointed the Street.
HDFC Bank, ONGC, ICICI Bank, Gail India, HDFC, L&T and NTPC down 0.1-0.8% rounded off the losers list.
The market breadth was positive in the opening trades. 638 stocks advanced while 459 stocks declined on the BSE.
Coal India down 9% was the top loser followed by TCS and Wipro down 4% and 2% respectively.
______________________
(Updates at 1030 hrs)
Markets opened on a soft note followed subdued global cues and some profit taking in TCS, ICICI Bank and ONGC. In the opening trades the Sensex was down 26 points at 21,239 and the Nifty was flat with a negative bias at 6,316.
Also Read
HDFC Bank, ITC, Reliance Inds and Wipro will unveil Q3 results today.
There was not much movement in the broader markets with both the mid and smallcap indices hovering around yesterday’s closing levels.
In Asia, stocks got off to a lacklustre start and the dollar was on the back foot in early Asian trading on Friday after downbeat results cast a shadow over Wall Street.
MSCI's broadest index of Asia-Pacific shares outside Japan was slightly lower, while Australian shares slipped about 0.3%.
Overnight, The Dow and S&P 500 slipped on Thursday, with the S&P retreating from the previous session's record high, after earnings from Goldman Sachs and other banks disappointed investors.
Concerns that stock valuations may be too high put some pressure on stocks after last year's rally. But the S&P 500 index surged 1.6% over the previous two sessions on results and economic data to close at a record high on Wednesday, its first since December 31.
The Dow Jones industrial average fell 0.39%, to end at 16,417. The S&P 500 slipped 0.13%, to finish at 1,846. The Nasdaq Composite added 0.09%, to close at 4,219.
Sectors and Stocks
On the sectoral front, IT index down 1.2% was the top loser along with Bankex and Capital Goods indices down 0.5% and 0.1% respectively.
FMCG, Capital Goods and Power indices were flat with a negative bias.
Meanwhile, Metal index started on a positive note, adding on to yesterday’s gains with the index up 0.5%.
Health Care, Auto, Consumer Durables and Oil & Gas indices were up 0.1-0.4%.
Coal India up 1.4% was the top gainer followed by Cipla, Sun Pharma, Sesa Sterlite, Hero MotoCorp, Tata Steel, Tata Motors, Bharti Airtel, Maruti Suzuki, Mahindra & Mahindra and Tata Power up 0.5-1%.
Index heavyweight, Reliance Industries gained 0.6% ahead of its Q3 numbers expected today.
Among the ones in the red were TCS which slipped 3.5% as the volume growth of 1.8% disappointed the Street.
HDFC Bank, ONGC, ICICI Bank, Gail India, HDFC, L&T and NTPC down 0.1-0.8% rounded off the losers list.
The market breadth was positive in the opening trades. 638 stocks advanced while 459 stocks declined on the BSE.