 "Sensex down 100 pts on renewed euro-zone woes")
Market edged lower in morning trades on final day of March derivative expiry over exacerbating euro-zone debt concerns amid US growth recovery woes after pending home sales fell.
European governments and the International Monetary Fund agreed Monday to lend Cyprus 10 billion euros ($13 billion) as long as the country liquidated its second-largest bank and forced losses on bank bondholders and deposits of more than 100,000 euros.
Trading was also lacklustre as investors roll-over their derivative contracts to next month on the last day of Futures & Options expiry.
In Asia, Japan's Nikkei down 1.6% to 12,298, Strait Times fell 0.14% to 3,308, Hang Seng declined 1% to 22,220 while Shanghai dropped 2.6% to 2,240.
Back home, real-estate, consumer durables, autos, banks, oil & gas sectors dropped while IT, healthcare and metals were among the gainers on BSE.
Among individual stocks, GAIL rose 2%, Coal India gained 1.2%, Infosys added 1%, Sterlite and Hindalco Industries rose 1% nearly on BSE.
The laggards were Hero MotoCorp and Tata Motors falling over 2-3%, Bharti Airtel declined 2.3%, Mahindra & Mahindra fell 2%, Reliance Industries was down 1% on BSE.
The broader markets were lower with mid-caps and small-caps dropping 0.1-0.2% on BSE.
The market breadth was negative. Out of 1,529 stocks traded, 834 stocks declined compared to 612 advances on BSE
European governments and the International Monetary Fund agreed Monday to lend Cyprus 10 billion euros ($13 billion) as long as the country liquidated its second-largest bank and forced losses on bank bondholders and deposits of more than 100,000 euros.
Trading was also lacklustre as investors roll-over their derivative contracts to next month on the last day of Futures & Options expiry.
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At 9:55AM, the Bombay Stock Exchange's 30-share index Sensex fell 97 points at 18,606.53 while the National Stock Exchange's 50-share Nifty dropped 30 points at 5,613.60.
In Asia, Japan's Nikkei down 1.6% to 12,298, Strait Times fell 0.14% to 3,308, Hang Seng declined 1% to 22,220 while Shanghai dropped 2.6% to 2,240.
Back home, real-estate, consumer durables, autos, banks, oil & gas sectors dropped while IT, healthcare and metals were among the gainers on BSE.
Among individual stocks, GAIL rose 2%, Coal India gained 1.2%, Infosys added 1%, Sterlite and Hindalco Industries rose 1% nearly on BSE.
The laggards were Hero MotoCorp and Tata Motors falling over 2-3%, Bharti Airtel declined 2.3%, Mahindra & Mahindra fell 2%, Reliance Industries was down 1% on BSE.
The broader markets were lower with mid-caps and small-caps dropping 0.1-0.2% on BSE.
The market breadth was negative. Out of 1,529 stocks traded, 834 stocks declined compared to 612 advances on BSE