 "Nifty faces resistance above 7,650; HDFC gains 2.5%")
Markets have turned flat and are trading with a negative bias taking cues from the Asian peers. Further, the market participants tracking the movement of the US Fed Reserve are on the edge on the back of mixed US jobs data, which failed to provide clarity on the Fed rate hike.
At 11:30 AM, the Sensex was down 70 points at 25,134 and the Nifty has lost 26 points at 7,629. Among broader markets, BSE Midcap and Smallcap indices are down by 1.3% and 0.7%, respectively. The market breadth is weak on the BSE with 767 advances and 1,412 declines.
Meanwhile, investors would be eyeing the IIP data slated for release on September 11.
On the currency front, the rupee depreciated by another 28 paise to 66.73 against the dollar in early trade today as the US currency strengthened in overseas markets.
SECTORS & STOCKS
Sectorally, all the sectors are trading weak. BSE Healthcare index is leading the downfall with 1.2% losses followed by BSE IT and Capital Goods indices, down by 0.7% each.
Tata Motors-owned premium British brand, JLR India is hopeful of more than trebling its sales in the country on the back of "a tremendous response" for its SUV hatchback Discovery Sport. The stock is up by 1.5%
Tata Steel hopes to break new ground on the project at Gopalpur, expecting extension in approval from the Centre. The stock is up by 0.5%
The metal pack is trading mixed post Chinese revision of annual economic growth rate in 2014 to 7.3% from the previously released figure of 7.4%. SAIL ( 1.1%), Vedanta (0.3%) have edged higher while Hindalco (1%)NMDC (1.4%)Coal India (2.3%) have slipped lower.
Capital Goods are majorly trading lower ahead of the IIP data, which is scheduled to be released later in the week. L&T, BHEL, Crompton Greaves are all trading down between 0.2- 4.2% each.
The other notable gainers on the Sensex are HDFC, Maruti, ITC, all up between 0.8-2.4% each while the losers are Infosys, Bharti Airtel , Lupin , all down between 0.7- 2% each.
Among other shares, Amtek Auto has dipped 8% to Rs 30 in intra-day trade on the BSE. The foreign institutional investors (FIIs) sold nearly six million equity shares representing 2.5% of the total equity of Amtek Auto through open market transaction.
Shares of Mahindra & Mahindra have touched a 52-week low of Rs 1,095, extended its nearly 9% fall in past one week on the BSE, after the company reported a single digit 1.29% year-on-year increase in total sales of 35,634 vehicles in August.
At 11:30 AM, the Sensex was down 70 points at 25,134 and the Nifty has lost 26 points at 7,629. Among broader markets, BSE Midcap and Smallcap indices are down by 1.3% and 0.7%, respectively. The market breadth is weak on the BSE with 767 advances and 1,412 declines.
Meanwhile, investors would be eyeing the IIP data slated for release on September 11.
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RUPEE
On the currency front, the rupee depreciated by another 28 paise to 66.73 against the dollar in early trade today as the US currency strengthened in overseas markets.
SECTORS & STOCKS
Sectorally, all the sectors are trading weak. BSE Healthcare index is leading the downfall with 1.2% losses followed by BSE IT and Capital Goods indices, down by 0.7% each.
Tata Motors-owned premium British brand, JLR India is hopeful of more than trebling its sales in the country on the back of "a tremendous response" for its SUV hatchback Discovery Sport. The stock is up by 1.5%
Tata Steel hopes to break new ground on the project at Gopalpur, expecting extension in approval from the Centre. The stock is up by 0.5%
The metal pack is trading mixed post Chinese revision of annual economic growth rate in 2014 to 7.3% from the previously released figure of 7.4%. SAIL ( 1.1%), Vedanta (0.3%) have edged higher while Hindalco (1%)NMDC (1.4%)Coal India (2.3%) have slipped lower.
Capital Goods are majorly trading lower ahead of the IIP data, which is scheduled to be released later in the week. L&T, BHEL, Crompton Greaves are all trading down between 0.2- 4.2% each.
The other notable gainers on the Sensex are HDFC, Maruti, ITC, all up between 0.8-2.4% each while the losers are Infosys, Bharti Airtel , Lupin , all down between 0.7- 2% each.
Among other shares, Amtek Auto has dipped 8% to Rs 30 in intra-day trade on the BSE. The foreign institutional investors (FIIs) sold nearly six million equity shares representing 2.5% of the total equity of Amtek Auto through open market transaction.
Shares of Mahindra & Mahindra have touched a 52-week low of Rs 1,095, extended its nearly 9% fall in past one week on the BSE, after the company reported a single digit 1.29% year-on-year increase in total sales of 35,634 vehicles in August.