 "Sensex down over 100 points; Bank Nifty falls 1%")
Markets have erased early gains and are trading lower weighed down by selling pressure among bank shares and index heavyweight RIL and ITC.
At 11.20 AM, the 30-share Sensex is down 123 points at 29,198, and the 50-share Nifty has lost 52 points at 8,817.
Among broader markets, BSE Midcap and Smallcap indices are down 0.2-0.5%. Market breadth in BSE turns weak 1,316 shares declining and 1,017 shares advancing.
Japanese stocks rose to a 15-year high on Thursday morning, helped by gains in financial and shipping companies, and as Sony Corp jumped on a well-received business plan.
The Nikkei share average gained 0.5% to 18,283.73 at the midday break after earlier rising to 18,322.50, its highest level since May 2000.
At midday, the value of trade on the Topix stood at 1.2 trillion yen, suggesting that daily value is heading for 3 trillion yen.
GAINERS & LOSERS
BSE Bankex and BSE FMCG index have plunged over 1% each.
The main losers on the Sensex are Tata Power, ICICI Bank, Axis Bank, SBI, NTPC, Bajaj Auto and ITC.
Shares of Jammu & Kashmir (J&K) Bank were dipped 4% to Rs 104.65, also its 52-week low on BSE, on back of heavy volumes.
At 11.20 AM, the 30-share Sensex is down 123 points at 29,198, and the 50-share Nifty has lost 52 points at 8,817.
Among broader markets, BSE Midcap and Smallcap indices are down 0.2-0.5%. Market breadth in BSE turns weak 1,316 shares declining and 1,017 shares advancing.
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GLOBAL MARKETS
Japanese stocks rose to a 15-year high on Thursday morning, helped by gains in financial and shipping companies, and as Sony Corp jumped on a well-received business plan.
The Nikkei share average gained 0.5% to 18,283.73 at the midday break after earlier rising to 18,322.50, its highest level since May 2000.
At midday, the value of trade on the Topix stood at 1.2 trillion yen, suggesting that daily value is heading for 3 trillion yen.
GAINERS & LOSERS
BSE Bankex and BSE FMCG index have plunged over 1% each.
The main losers on the Sensex are Tata Power, ICICI Bank, Axis Bank, SBI, NTPC, Bajaj Auto and ITC.
Shares of Jammu & Kashmir (J&K) Bank were dipped 4% to Rs 104.65, also its 52-week low on BSE, on back of heavy volumes.